SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 0.001533400 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.001490300 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.0015241234 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.001533400 could occur.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001536300 |
| Next High | 0.001533400 |
| Current Price | 0.001529000 |
| Next Low | 0.001490300 |
| 2nd Low | 0.001486200 |
| 3rd Low | 0.001479400 |
0.001522300 – 0.001533400 – 0.001536300 – 0.001490300 – 0.001486200 – 0.001486800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji –