SOL/USDT – 30M – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 164.190000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 157.740000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candlestick chart pattern is detected. The chart forms ‘Three Outside Up’. 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 168.200000000 |
| Next High | 164.190000000 |
| Current Price | 161.520000000 |
| Next Low | 157.740000000 |
| 2nd Low | 147.700000000 |
| 3rd Low | 145.220000000 |
164.190000000 – 162.980000000 – 163.900000000 – 157.740000000 – 159.540000000 – 161.270000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Up –