The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 212.080000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 193.780000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 213.6 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 212.080000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 213.600000000 |
| Next High | 212.080000000 |
| Current Price | 209.290000000 |
| Next Low | 193.780000000 |
| 2nd Low | 186.670000000 |
| 3rd Low | 185.330000000 |
212.080000000 – 213.600000000 – 211.970000000 – 193.780000000 – 186.670000000 – 185.330000000 — 59.153775632939 – 62.430743011481
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three White Soldiers – Double top retreat up – –