SOL/USDT – 30M – BUY

The currency pair Solana/Tether (SOL/USDT) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance line at 169.000000000 is expected.

Caution: A possible trend reversal in the direction of support at 162.650000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI cross above 20’ indicator layout is discovered. The indicator is ‘StochRSI cross above 20’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 169.93 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 169.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

169.000000000 – 169.930000000 – 164.790000000 – 162.650000000 – 161.130000000 – 164.580000000 — 61.138199166316 – 61.20582078355

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Northern Doji – Double bottom chart pattern – –