SOL/BTC – 1H – BUY

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance at 0.002005000 will continue.

Caution: A possible counter-trend in the direction of the support zone at 0.001941100 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.002005 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.002005000 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.002005000 – 0.001980200 – 0.001986100 – 0.001941100 – 0.001910000 – 0.001895600 — 67.046385939118 – 67.294379893282

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