SOL/USDT – 1H – BUY

The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 87.12 is expected.

Caution: A possible change in the direction of the support level at 82.94 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 86.835 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 87.12 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bullish Engulfing’ candlestick pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

87.12 – 90.73 – 90.53 – 82.94 – 84.43 – 87.34 —
84.190000000 – 85.760000000 —
34.777879567416 – 47.33329767512 —
– —
87.12 – 1776607200

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Engulfing – – –