SOL/USDT – 30M – BUY

The currency pair Solana/Tether (SOL/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 120.760000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 130.640000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 125.21 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 130.640000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Southern Doji’ candlestick chart pattern is detected. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Download SOL/USDT Signal Image

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