SOL/USDT – 30M – BUYThe pair Solana/Tether (SOL/USDT) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 204.990000000 is likely expected.
Caution: A possible change in the direction of the support level at 194.050000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 204.990000000 |
| Current Price | 200.780000000 |
| Next Low | 194.050000000 |
| 2nd Low | 193.010000000 |
| 3rd Low | 177.800000000 |
204.990000000 – 204.670000000 – 199.280000000 – 194.050000000 – 193.010000000 – 177.800000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Northern Doji – Double bottom chart pattern