SOL/USDT – 30M – BUYThe pair Solana/Tether (SOL/USDT) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 166.800000000 is expected.
Caution: A possible trend reversal in the direction of support at 163.140000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 167.460000000 |
| Next High | 166.800000000 |
| Current Price | 165.540000000 |
| Next Low | 163.140000000 |
| 2nd Low | 147.700000000 |
| 3rd Low | 145.220000000 |
166.800000000 – 153.600000000 – 152.900000000 – 163.140000000 – 147.700000000 – 150.890000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Up –