The combination Solana/Tether (SOL/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance line at 86.8 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 85.84 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Bearish SBS White Lines’ chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.32 |
| 2nd High | 86.94 |
| Next High | 86.8 |
| Current Price | 86.560000000 |
| Next Low | 85.84 |
| 2nd Low | 85.53 |
| 3rd Low | 84.92 |
86.8 – 86.94 – 86.79 – 85.84 – 85.53 – 86.03 —
86.660000000 – 86.590000000 —
58.240109472849 – 58.330881976838 —
– —
86.8 – 1777105800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish SBS White Lines – – –