Buy SOL/USDT – 30M – BUY

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

A bullish trend upwards to the next resistance at 254.760000000 is considered certain.

Caution: A possible change in the direction of the support zone at 240.930000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 259.06302 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 254.760000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. 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 White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 263.600000000
2nd High 259.780000000
Next High 254.760000000
Current Price 254.440000000
Next Low 240.930000000
2nd Low 229.600000000
3rd Low 229.400000000

Download SOL/USDT Signal Image

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