SOL/USDT – 30M – BUYThe currency pair Solana/Tether (SOL/USDT) goes from the descending trendline upwards
An ascent upwards to the next resistance line at 128.13 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 115.39 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Advance Block’ candlestick chart pattern is existing. The chart shows ‘Advance Block’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 130.94 |
| 2nd High | 130.2 |
| Next High | 128.13 |
| Current Price | 114.430000000 |
| Next Low | 115.39 |
| 2nd Low | 108.21 |
| 3rd Low | 102.31 |
128.13 – 127.84 – 125.17 – 115.39 – 122.5 – 125.97 —
117.790000000 – 114.400000000 —
36.551947171717 – 26.39641853565 —
– —
128.13000 – 1769594400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Advance Block – Double top chart pattern – –