SOL/USDT – 1H – BUY

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

A bullish trend upwards to the next resistance at 206.300000000 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 184.900000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘RSI fall below 70’ indicator signal is detected. The indicator is ‘RSI fall below 70’. which could be a positive chart signal. The pair is likely to go up.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 199.79654 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 206.300000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency 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).

189.780000000 – 191.760000000 – 191.870000000 – 184.900000000 – 184.290000000 – 175.910000000 — 66.497991950998 – 67.950133133933

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – Double bottom retreat down –