SOL/USDT – 1H – BUY

The combination Solana/Tether (SOL/USDT) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance level at 187.710000000 is expected.

Caution: A possible counter-trend in the direction of the support level at 171.210000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 178.19 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 187.710000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

178.190000000 – 176.000000000 – 168.650000000 – 171.210000000 – 168.710000000 – 157.230000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern