SOL/USDT – 1H – BUYMoreover a ‘Double top retreat up’ chart formation is found. The chart shows ‘Double top retreat up’. this is a bullish pattern signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 163.7058 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 168.650000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 179.410000000 |
| 2nd High | 175.340000000 |
| Next High | 168.650000000 |
| Current Price | 160.110000000 |
| Next Low | 159.630000000 |
| 2nd Low | 157.740000000 |
| 3rd Low | 147.700000000 |
168.650000000 – 164.190000000 – 168.200000000 – 159.630000000 – 157.740000000 – 159.540000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Engulfing – Double top retreat up