SOL/USDT – 1H – BUY

The combination Solana/Tether (SOL/USDT) moves from the ascending trendline up.

A continuation of the upward movement up to the next resistance level at 85.9 will continue.

Caution: A possible trend reversal in the direction of the support line at 83.35 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 84.615 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 85.9 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Up’ candlestick pattern is detected. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

85.9 – 84.97 – 84.86 – 83.35 – 83.58 – 83.52 —
85.800000000 – 84.160000000 —
62.849313711261 – 42.18833448793 —
– —
85.9 – 1777867200

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – – –