The combination Solana/Tether (SOL/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 85.83 is considered certain.
Caution: A possible change in the direction of the support level at 82.65 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Latter Bottom’ chart pattern is existing. The chart forms ‘Latter Bottom’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.98 |
| 2nd High | 87.67 |
| Next High | 85.83 |
| Current Price | 85.380000000 |
| Next Low | 82.65 |
| 2nd Low | 81.54 |
| 3rd Low | 81.27 |
85.83 – 87.67 – 86.81 – 82.65 – 81.54 – 81.27 —
85.560000000 – 85.310000000 —
59.115181943463 – 53.114481832342 —
– —
85.83 – 1776281400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Latter Bottom – – –