SOL/USDT – 4H – BUYAlso there is a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Solana/Tether (SOL/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 163.640000000 is expected.
Caution: A possible change in the direction of the support line at 141.530000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.710000000 |
| 2nd High | 179.410000000 |
| Next High | 163.640000000 |
| Current Price | 144.940000000 |
| 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 – Northern Doji