The combination Solana/Tether (SOL/USDT) jumps from the bearish trendline upwards
A bullish movement upwards to the next resistance at 84.13 will persist.
Caution: A possible trend reversal in the direction of the support zone at 81.18 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Besides a ‘Inverted Hammer’ chart pattern is discovered. The candles form ‘Inverted Hammer’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.85 |
| 2nd High | 88.92 |
| Next High | 84.13 |
| Current Price | 82.350000000 |
| Next Low | 81.18 |
| 2nd Low | 77.12 |
| 3rd Low | 75.63 |
84.13 – 83.49 – 88.92 – 81.18 – 81.74 – 82.28 —
82.500000000 – 82.230000000 —
48.221074494679 – 43.55411789168 —
– —
84.13 – 1772964000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Inverted Hammer – – –