SOL/USDT – 30M – BUYIn addition a ‘Double top retreat up’ chart layout is found. The formation shows ‘Double top retreat up’. this is a bullish signal. The currency pair is likely to rise.
The currency pair Solana/Tether (SOL/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 163.900000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 147.700000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 168.200000000 |
| Next High | 163.900000000 |
| Current Price | 159.860000000 |
| Next Low | 147.700000000 |
| 2nd Low | 145.220000000 |
| 3rd Low | 137.140000000 |
163.900000000 – 168.200000000 – 166.800000000 – 159.540000000 – 161.270000000 – 163.140000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Belt Hold – Double top retreat up