SOL/USDT – 30M – BUY

The pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards

A descent downwards to the next support at is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 136.130000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 122.17 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 136.130000000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

Download SOL/USDT Signal Image

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