SOL/BTC – 4H – BUY

The pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance line at 0.001655200 is expected.

Caution: A possible counter-trend in the direction of the support zone at 0.001548000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Northern Doji’ chart pattern is existing. The candles show ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001655200 – 0.001707300 – 0.001586200 – 0.001548000 – 0.001566900 – 0.001464100 — 57.28641399549 – 58.212675651237

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Triple bottom chart pattern – –