SOL/BTC – 4H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
An ascent up to the next resistance at 0.001655200 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.001548000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001707300 |
| Next High | 0.001655200 |
| Current Price | 0.001707700 |
| Next Low | 0.001548000 |
| 2nd Low | 0.001464100 |
| 3rd Low | 0.001421300 |
0.001655200 – 0.001707300 – 0.001586200 – 0.001548000 – 0.001566900 – 0.001464100 — 68.647460916147 – 68.953402299962
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down – –