SOL/USDT – 30M – BUYThe pair Solana/Tether (SOL/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 161.820000000 is likely expected.
Caution: A possible counter-trend in the direction of support at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 161.82 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 161.820000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Up’ chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 163.640000000 |
| Next High | 161.820000000 |
| Current Price | 160.850000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
161.820000000 – 156.610000000 – 155.300000000 – 149.580000000 – 147.880000000 – 149.150000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Up