SOL/BTC – 1H – BUYMoreover a ‘Double bottom chart pattern’ chart layout is found. The chart picture forms ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.001887700 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.001818200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.001887700 |
| Current Price | 0.001890400 |
| Next Low | 0.001818200 |
| 2nd Low | 0.001685800 |
| 3rd Low | 0.001586900 |
0.001887700 – 0.001881300 – 0.001834200 – 0.001818200 – 0.001685800 – 0.001773900 — 56.997210060146 – 57.758647079177
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern – –