SOL/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance level at 182.560000000 is expected.

Caution: A possible change in the direction of the support level at 178.300000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 182.30256 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 182.560000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

182.560000000 – 186.680000000 – 195.260000000 – 178.300000000 – 180.670000000 – 184.900000000 — 51.242286302778 – 51.401134632879

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Northern Doji – Double bottom retreat down –