SOL/USDT – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance line at 186.800000000 will persist.

Caution: A possible counter-trend in the direction of support at 173.430000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Northern Doji’ candle pattern is existing. The candles form ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

186.800000000 – 186.180000000 – 179.660000000 – 173.430000000 – 177.510000000 – 167.000000000 — 37.925851392914 – 38.295712397391

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Northern Doji – Double top chart pattern – –