SOL/BTC – 30M – BUYNext a ‘Double top retreat up’ chart formation is existing. The chart picture forms ‘Double top retreat up’. this is a bullish pattern signal. The pair is likely to go up.
The pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.001392000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.001352100 could occur.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001392000 |
| Current Price | 0.001363000 |
| Next Low | 0.001352100 |
| 2nd Low | 0.001350600 |
| 3rd Low | 0.001321400 |
0.001392000 – 0.001423500 – 0.001421100 – 0.001360400 – 0.001386000 – 0.001367700
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double top retreat up