SOL/USDT – 4H – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 163.640000000 will persist.
Caution: A possible change in the direction of the support level at 141.530000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Bullish Belt Hold’ candle pattern is found. The chart shows ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.710000000 |
| 2nd High | 179.410000000 |
| Next High | 163.640000000 |
| Current Price | 155.120000000 |
| Next Low | 141.530000000 |
| 2nd Low | 141.410000000 |
| 3rd Low | 140.320000000 |
163.640000000 – 179.410000000 – 187.710000000 – 141.530000000 – 150.590000000 – 170.360000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Belt Hold