SOL/USDT – 1H – BUYThe pair Solana/Tether (SOL/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at is certain.
Caution: A possible change in the direction of support at 177.800000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bullish Belt Hold’. this is a bullish 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’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 196.140000000 |
| Next Low | 177.800000000 |
| 2nd Low | 174.800000000 |
| 3rd Low | 173.240000000 |
184.670000000 – 178.190000000 – 176.000000000 – 177.800000000 – 174.800000000 – 173.240000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Belt Hold – Double bottom retreat down