SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 0.001606700 is likely expected.
Caution: A possible change in the direction of the support line at 0.001529200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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 | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001606700 |
| Current Price | 0.001607400 |
| Next Low | 0.001529200 |
| 2nd Low | 0.001522800 |
| 3rd Low | 0.001486200 |
0.001606700 – 0.001720700 – 0.001739200 – 0.001529200 – 0.001522800 – 0.001530400 — 63.287762765791 – 66.457387042491
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern –