The currency pair Solana/Tether (SOL/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance level at 78.88 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 74.1 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 76.89 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 78.88 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82.79 |
| 2nd High | 79.68 |
| Next High | 78.88 |
| Current Price | 75.560000000 |
| Next Low | 74.1 |
| 2nd Low | 72.25 |
| 3rd Low | 71.9 |
75.56 – 78.88 – 78.25 – 74.1 – 77.47 – 77.07 —
75.320000000 – 75.290000000 —
46.943434076647 – 46.691130604762 —
– —
75.56 – 1783990800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three White Soldiers – – –