SOL/USDT – 30M – BUYThe pair Solana/Tether (SOL/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 189.780000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 184.290000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 191.870000000 |
| 2nd High | 191.760000000 |
| Next High | 189.780000000 |
| Current Price | 187.190000000 |
| Next Low | 184.290000000 |
| 2nd Low | 176.240000000 |
| 3rd Low | 175.910000000 |
189.780000000 – 186.930000000 – 182.080000000 – 184.290000000 – 176.240000000 – 175.910000000 — 55.266280409602 – 58.658488142153
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Belt Hold – Symmetrical Triangle Chart Pattern –