SOL/USDT – 4H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 168.650000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 157.230000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘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 | 187.710000000 |
| 2nd High | 179.410000000 |
| Next High | 168.650000000 |
| Current Price | 179.670000000 |
| 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 – Triple bottom chart pattern