SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.001739200 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.001649800 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is found. The candles form ‘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 | |
| 2nd High | 0.001740400 |
| Next High | 0.001739200 |
| Current Price | 0.001687800 |
| Next Low | 0.001649800 |
| 2nd Low | 0.001486200 |
| 3rd Low | 0.001479400 |
0.001739200 – 0.001536300 – 0.001503600 – 0.001649800 – 0.001486200 – 0.001479400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down