SOL/USDT – 30M – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 88.92 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 80.26 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Bullish Engulfing’ candle chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92.96 |
| 2nd High | 89.85 |
| Next High | 88.92 |
| Current Price | 86.030000000 |
| Next Low | 80.26 |
| 2nd Low | 77.12 |
| 3rd Low | 75.63 |
85.75 – 84.61 – 84.13 – 80.26 – 81.18 – 81.74 —
85.630000000 – 86.180000000 —
63.518560603636 – 60.735460001005 —
– —
85.75 – 1773063000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Engulfing – – –