SOL/USDT – 30M – BUYThe combination Solana/Tether (SOL/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 173.460000000 is considered certain.
Caution: A possible change in the direction of the support line at 149.580000000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 161.99 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 173.460000000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Harami Cross’ candle pattern is existing. The candles form ‘Bearish Harami Cross’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 179.410000000 |
| 2nd High | 175.340000000 |
| Next High | 173.460000000 |
| Current Price | 164.130000000 |
| Next Low | 149.580000000 |
| 2nd Low | 147.880000000 |
| 3rd Low | 146.840000000 |
161.990000000 – 161.820000000 – 156.610000000 – 149.580000000 – 147.880000000 – 149.150000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Harami Cross