SOL/USDT – 1H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 147.920000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 126.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Advance Block’ candlestick chart pattern is existing. The chart forms ‘Advance Block’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 167.460000000 |
| 2nd High | 154.330000000 |
| Next High | 147.920000000 |
| Current Price | 140.940000000 |
| Next Low | 126.000000000 |
| 2nd Low | 125.320000000 |
| 3rd Low | 108.210000000 |
147.920000000 – 154.330000000 – 148.940000000 – 126.000000000 – 130.900000000 – 143.650000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Advance Block