SOL/BTC – 1H – BUY

The pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.

An ascent upwards to the next resistance line at 0.001395300 will persist.

Caution: A possible change in the direction of support at 0.001347600 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.0014072574 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 0.001395300 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001395300 – 0.001379400 – 0.001423500 – 0.001347600 – 0.001349000 – 0.001348800

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Triple bottom chart pattern