SOL/USDT – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance at 89.32 is expected.

Caution: A possible trend reversal in the direction of support at 84.31 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bullish Engulfing’ candle chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency 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%.

89.32 – 86.89 – 86.22 – 84.31 – 85 – 82.94 —
86.130000000 – 86.100000000 —
36.155975170612 – 43.066271081712 —
– —
89.32 – 1776866400

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