SOL/USDT – 1H – BUY

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

The bullish trend up to the next resistance level at 207.060000000 will continue.

Caution: A possible reversal of the trend in the direction of support at 197.370000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 212.90466 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 207.060000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

205.990000000 – 206.660000000 – 207.060000000 – 197.370000000 – 194.190000000 – 196.030000000 — 60.186250606604 – 60.418035715386

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