SOL/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance at 171.730000000 is likely expected.

Caution: A possible counter-trend in the direction of support at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘RSI cross above 70’ indicator layout is found. The indicator shows ‘RSI cross above 70’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

171.730000000 – 182.700000000 – 182.560000000 – 161.130000000 – 164.580000000 – 170.290000000 — 63.575159137028 – 64.379026783268

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