The combination Solana/Tether (SOL/USDT) moves from the bearish trendline up.
A bullish ascent upwards to the next resistance level at 135.16 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 124.68 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 existing. The candles show ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 229.72 |
| 2nd High | 224.46 |
| Next High | 135.16 |
| Current Price | 130.430000000 |
| Next Low | 124.68 |
| 2nd Low | 108.21 |
| 3rd Low | 101.26 |
135.16 – 224.46 – 229.72 – 124.68 – 130 – 143.21 —
128.620000000 – 127.630000000 —
45.802552147951 – 41.424685287106 —
– —
135.16000 – 1768852800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – – –