SOL/USDT – 1H – BUY

The currency pair Solana/Tether (SOL/USDT) moves from the bearish trendline upwards

A bullish movement upwards to the next resistance line at 85.56 is considered certain.

Caution: A possible trend reversal in the direction of support at 81.4 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 84.74 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 85.56 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

85.56 – 88.08 – 86.76 – 81.4 – 82.98 – 83.63 —
83.130000000 – 82.790000000 —
41.988282348847 – 39.9085669135 —
– —
85.56 – 1777453200

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three White Soldiers – – –