SOL/USDT – 1H – BUYFurthermore a ‘Double top retreat up’ chart formation is discovered. The chart shows ‘Double top retreat up’. which is a bullish signal. The currency pair is likely to go up.
The combination Solana/Tether (SOL/USDT) moves from the bearish trendline upwards
A bullish movement up to the next resistance at 148.000000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 130.680000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Rising Window’ candle pattern is found. The candles show ‘Rising Window’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 167.460000000 |
| 2nd High | 154.330000000 |
| Next High | 148.000000000 |
| Current Price | 149.880000000 |
| Next Low | 130.680000000 |
| 2nd Low | 126.000000000 |
| 3rd Low |
148.000000000 – 147.950000000 – 146.620000000 – 142.250000000 – 142.840000000 – 130.680000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Rising Window – Double top retreat up