SOL/USDT – 30M – BUY

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

An ascending movement up to the next resistance line at 191.870000000 is likely expected.

Caution: A possible change in the direction of the support zone at should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.

Besides a ‘RSI cross above 70’ indicator signal is discovered. The indicator shows ‘RSI cross above 70’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 192.755 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 191.870000000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish 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’ heading up is 82%.

191.870000000 – 206.300000000 – 204.990000000 – 179.210000000 – 183.970000000 – 198.390000000 — 58.654353863284 – 60.485829974318

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three White Soldiers – Double bottom chart pattern –