SOL/USDT – 1H – BUY

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

A bullish ascent up to the next resistance line at 182.700000000 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 170.290000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘RSI cross above 30’ indicator layout is existing. The indicator shows ‘RSI cross above 30’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 176.18292 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 182.700000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

182.700000000 – 182.560000000 – 186.680000000 – 170.290000000 – 178.300000000 – 180.670000000 — 34.372763508731 – 36.761026339474

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – Double top chart pattern –