SOL/USDT – 30M – BUYThe currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 84.97 will persist.
Caution: A possible reversal of the trend in the direction of the support line at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 84.50134 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 84.97 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Inverted Hammer’ candle pattern is detected. The chart shows ‘Inverted Hammer’. this 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 probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 85.83 |
| 2nd High | 85.56 |
| Next High | 84.97 |
| Current Price | 83.960000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
84.97 – 84.17 – 84.18 – 83.58 – 83.52 – 83.33 —
83.980000000 – 84.040000000 —
51.54881848342 – 46.561681372302 —
– —
84.97 – 1777757400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Inverted Hammer – – –