Furthermore a ‘Double bottom chart pattern’ chart pattern is detected. The formation shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The pair Solana/Tether (SOL/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 243.720000000 is certain.
Caution: A possible change in the direction of the support zone at 235.730000000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 244.140000000 |
| Next High | 243.720000000 |
| Current Price | 243.760000000 |
| Next Low | 235.730000000 |
| 2nd Low | 221.720000000 |
| 3rd Low | 220.530000000 |
243.720000000 – 244.140000000 – 241.840000000 – 235.730000000 – 221.720000000 – 220.530000000 — 65.884681699449 – 66.97939574159
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –