SOL/USDT – 1H – BUY

The currency pair Solana/Tether (SOL/USDT) breaks through the ascending trendline up.

A continuation of the uptrend up to the next resistance at 85.9 will continue.

Caution: A possible trend reversal in the direction of the support zone at 83.23 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually 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 will continue. Current target is 85.9 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 85.9 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Inside Up’ candlestick pattern is existing. The candles form ‘Three Inside 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 Inside Up’ heading up is 65% (Bull Market) & 63% (Bear Market).

85.9 – 84.97 – 84.86 – 83.23 – 83.35 – 83.58 —
84.800000000 – 85.700000000 —
49.091566410009 – 58.046474797757 —
– —
85.9 – 1777867200

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Inside Up – Symmetrical Triangle Chart Pattern – –