SOL/BTC – 30M – BUY

The combination Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards

An ascending movement up to the next resistance at 0.001384500 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.001347600 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. 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 continue. Current target is 0.0013850922 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.001384500 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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).

0.001375800 – 0.001384500 – 0.001395300 – 0.001347600 – 0.001352800 – 0.001349000

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji –