SOL/USDT – 1H – BUY

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

An ascent upwards to the next resistance line at 186.180000000 is likely expected.

Caution: A possible change in the direction of the support line at 167.000000000 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Then a ‘StochRSI cross above 20’ indicator signal is existing. The indicator is ‘StochRSI cross above 20’. which is often a bullish signal. The pair is likely to go up.

Then 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 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 186.18 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 186.180000000 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

186.180000000 – 179.660000000 – 169.930000000 – 167.000000000 – 166.700000000 – 161.130000000 — 52.692247248681 – 52.903947027374

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Northern Doji – – –