The currency pair Solana/Tether (SOL/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 84.13 is considered certain.
Caution: A possible change in the direction of the support zone at 80.26 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 85.055 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 84.13 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. which 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.85 |
| 2nd High | 88.92 |
| Next High | 84.13 |
| Current Price | 83.580000000 |
| Next Low | 80.26 |
| 2nd Low | 77.12 |
| 3rd Low | 75.63 |
84.13 – 83.49 – 88.92 – 80.26 – 81.18 – 81.74 —
82.510000000 – 82.350000000 —
47.571661284128 – 47.160107887654 —
– —
84.13 – 1772964000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – – –