The combination Solana/Tether (SOL/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 129.29 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 126.73 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 128.425 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 129.29 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 130.94 |
| 2nd High | 129.76 |
| Next High | 129.29 |
| Current Price | 127.900000000 |
| Next Low | 126.73 |
| 2nd Low | 125.26 |
| 3rd Low | 124.68 |
129.29 – 129.76 – 130.94 – 126.73 – 125.26 – 124.68 —
127.710000000 – 127.370000000 —
44.352510125429 – 32.396882706663 —
– —
129.29000 – 1769142600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – – Double top retreat up – –