SOL/USDT – 4H – BUY

The combination Solana/Tether (SOL/USDT) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance line at 88.08 is expected.

Caution: A possible change in the direction of the support line at 83.230000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 87.45088 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 88.08 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

85.56 – 88.08 – 86.94 – 83.230000000 – 81.4 – 84.48 —
85.200000000 – 86.100000000 —
48.130858230288 – 60.668815913385 —
83.230000000 – 1777881600 —
85.56 – 1777449600

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –