SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 0.001454700 will continue.
Caution: A possible change in the direction of support at 0.001420500 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 0.0014621 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 0.001454700 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001462100 |
| 2nd High | 0.001458300 |
| Next High | 0.001454700 |
| Current Price | 0.001452000 |
| Next Low | 0.001420500 |
| 2nd Low | 0.001407200 |
| 3rd Low | 0.001376000 |
0.001454700 – 0.001458300 – 0.001455700 – 0.001420500 – 0.001407200 – 0.001413900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji