SOL/USDT – 1H – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 226.000000000 will continue.
Caution: A possible change in the direction of support at 211.690000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Hammer’ chart pattern is existing. The chart forms ‘Hammer’. 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 probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 226.000000000 |
| Current Price | 223.500000000 |
| Next Low | 211.690000000 |
| 2nd Low | 210.790000000 |
| 3rd Low | 201.480000000 |
226.000000000 – 219.790000000 – 217.110000000 – 211.690000000 – 210.790000000 – 201.480000000 — 55.085065046154 – 56.035147942423
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Hammer – Triple bottom chart pattern – –