The currency pair Solana/Tether (SOL/USDT) moves from the bearish trendline up.
A bullish trend upwards to the next resistance at 76.86 is expected.
Caution: A possible counter-trend in the direction of the support level at 74.1 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Next a ‘Latter Bottom’ chart pattern is found. The chart forms ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79.04 |
| 2nd High | 77.64 |
| Next High | 76.86 |
| Current Price | 74.770000000 |
| Next Low | 74.1 |
| 2nd Low | 72.25 |
| 3rd Low | 71.9 |
76.86 – 77.64 – 79.04 – 75.39 – 75.64 – 76.94 —
74.840000000 – 74.600000000 —
44.591555060072 – 41.14952123829 —
– —
76.86 – 1784214000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Latter Bottom – – –