SOL/USDT – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at will continue.

Caution: A possible trend reversal in the direction of the support level at 211.690000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 226 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

226.000000000 – 219.790000000 – 217.110000000 – 211.690000000 – 210.790000000 – 201.480000000 — 61.475093191836 – 63.698160865887

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Belt Hold – Double bottom retreat down – –