The pair Solana/Tether (SOL/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 130.2 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 125.28 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 132.17 |
| 2nd High | 130.94 |
| Next High | 130.2 |
| Current Price | 127.310000000 |
| Next Low | 125.28 |
| 2nd Low | 125.26 |
| 3rd Low | 124.68 |
130.2 – 129.29 – 129.76 – 125.28 – 126.73 – 125.26 —
127.730000000 – 127.100000000 —
48.631443005586 – 41.039247871902 —
– —
130.20000 – 1769189400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – – –