SOL/USDT – 1H – BUY

The currency pair Solana/Tether (SOL/USDT) breaks through the descending trendline upwards

A bullish movement up to the next resistance at 182.700000000 is likely expected.

Caution: A possible change in the direction of the support line at 170.290000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 176.18292 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 182.700000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

182.700000000 – 182.560000000 – 186.680000000 – 170.290000000 – 178.300000000 – 180.670000000 — 34.372763508731 – 36.761026339474

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