SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.001423500 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001357400 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The currency 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001423500 |
| Current Price | 0.001464500 |
| Next Low | 0.001357400 |
| 2nd Low | 0.001347600 |
| 3rd Low | 0.001321400 |
0.001400000 – 0.001397300 – 0.001375800 – 0.001357400 – 0.001347600 – 0.001352800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern