SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.001536300 will persist.
Caution: A possible counter-trend in the direction of support at 0.001486200 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001616800 |
| 2nd High | 0.001560000 |
| Next High | 0.001536300 |
| Current Price | 0.001539400 |
| Next Low | 0.001486200 |
| 2nd Low | 0.001479400 |
| 3rd Low | 0.001445000 |
0.001536300 – 0.001503600 – 0.001395300 – 0.001486200 – 0.001479400 – 0.001445000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Triple bottom chart pattern