SOL/USDT – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 184.670000000 is considered certain.

Caution: A possible trend reversal in the direction of the support level at could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 180.90344 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 184.670000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

184.670000000 – 178.190000000 – 176.000000000 – 174.800000000 – 173.240000000 – 171.210000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Northern Doji – Double bottom retreat down