The pair Solana/Tether (SOL/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 95.26 is likely expected.
Caution: A possible change in the direction of resistance at 119.12 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 130.2 |
| 2nd High | 128.13 |
| Next High | 119.12 |
| Current Price | 96.110000000 |
| Next Low | 95.26 |
| 2nd Low | |
| 3rd Low |
119.12 – 118.14 – 128.13 – 96.46 – 96.64 – 114.34 —
98.250000000 – 97.210000000 —
43.176624437361 – 40.959079247453 —
– —
119.12 – 1769799600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – – –