SOL/USDT – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart pattern is existing. The chart shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to rise.
The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 219.790000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 211.690000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. 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 | |
| 2nd High | |
| Next High | 219.790000000 |
| Current Price | 221.600000000 |
| Next Low | 211.690000000 |
| 2nd Low | 210.790000000 |
| 3rd Low | 201.480000000 |
219.790000000 – 217.110000000 – 205.550000000 – 211.690000000 – 210.790000000 – 201.480000000 — 63.116915729427 – 71.001017786296
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –