SOL/USDT – 4H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 168.650000000 is certain.
Caution: A possible counter-trend in the direction of the support zone at 157.230000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.710000000 |
| 2nd High | 179.410000000 |
| Next High | 168.650000000 |
| Current Price | 176.160000000 |
| Next Low | 157.230000000 |
| 2nd Low | 145.220000000 |
| 3rd Low | 137.140000000 |
168.650000000 – 168.200000000 – 159.990000000 – 157.230000000 – 145.220000000 – 137.140000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern