SOL/USDT – 1H – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 88.08 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 83.23 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90.73 |
| 2nd High | 89.32 |
| Next High | 88.08 |
| Current Price | 87.410000000 |
| Next Low | 83.23 |
| 2nd Low | 81.4 |
| 3rd Low | 81.27 |
85.9 – 84.97 – 84.86 – 83.23 – 83.35 – 83.58 —
86.900000000 – 87.510000000 —
73.141822628837 – 74.405679146441 —
– —
85.9 – 1777867200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Belt Hold – Rising Wedge Chart Pattern – –