SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 0.001372900 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.001350600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001409600 |
| 2nd High | 0.001389500 |
| Next High | 0.001372900 |
| Current Price | 0.001368700 |
| Next Low | 0.001350600 |
| 2nd Low | 0.001321400 |
| 3rd Low | 0.001315900 |
0.001372900 – 0.001389500 – 0.001409600 – 0.001350600 – 0.001373000 – 0.001373900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji –