SOL/USDT – 30M – BUY

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

An ascending movement upwards to the next resistance line at 241.220000000 is likely expected.

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

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 244.315 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 241.220000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

241.220000000 – 239.780000000 – 239.960000000 – 236.910000000 – 235.120000000 – 245.010000000 — 55.417162230141 – 57.412808346625

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –