SOL/USDT – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 191.760000000 will persist.

Caution: A possible trend reversal in the direction of support at 179.210000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 189.77 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 191.760000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Inverted Hammer’ chart pattern is existing. The candles form ‘Inverted Hammer’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

191.760000000 – 191.870000000 – 206.300000000 – 179.210000000 – 177.800000000 – 174.800000000 — 41.237557087132 – 42.333146313627

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Inverted Hammer – Triple top chart pattern –