SOL/BTC – 1H – BUY

The currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 0.001536300 is likely expected.

Caution: A possible counter-trend in the direction of the support level at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.0015363 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.001536300 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001536300 – 0.001503600 – 0.001395300 – 0.001479400 – 0.001445000 – 0.001347600

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