SOL/USDT – 1H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance at 152.390000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 141.530000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.970000000 |
| 2nd High | 154.410000000 |
| Next High | 152.390000000 |
| Current Price | 152.090000000 |
| Next Low | 141.530000000 |
| 2nd Low | 141.410000000 |
| 3rd Low | 140.320000000 |
152.390000000 – 154.410000000 – 157.970000000 – 141.530000000 – 154.140000000 – 151.670000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Engulfing