SOL/USDT – 1H – BUYThe pair Solana/Tether (SOL/USDT) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 156.350000000 will persist.
Caution: A possible change in the direction of the support line at 149.860000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 167.460000000 |
| 2nd High | 159.990000000 |
| Next High | 156.350000000 |
| Current Price | 150.880000000 |
| Next Low | 149.860000000 |
| 2nd Low | 149.450000000 |
| 3rd Low | 137.140000000 |
156.350000000 – 159.990000000 – 154.770000000 – 149.860000000 – 151.770000000 – 149.450000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Engulfing – Double bottom chart pattern