SOL/USDT – 30M – BUY

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 83.165 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 86.72 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

86.72 – 85.03 – 85.49 – 83.97 – 81.77 – 79.61 —
85.350000000 – 85.210000000 —
45.643498150007 – 46.010007748488 —
– —
86.72 – 1771686000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top chart pattern – –