SOL/USDT – 1H – BUY

The pair Solana/Tether (SOL/USDT) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance level at 191.870000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 177.800000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Additionally a ‘RSI cross above 70’ indicator signal is found. The indicator shows ‘RSI cross above 70’. which is often a bullish chart scenario. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 198.01876 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 191.870000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Up’ candle pattern is found. The candles show ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

191.870000000 – 206.300000000 – 204.670000000 – 177.800000000 – 174.800000000 – 173.240000000 — 51.62470660405 – 53.185882023735

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – Double bottom chart pattern –