SOL/BTC – 1H – BUY

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

A continuation of the upward movement up to the next resistance line at 0.002149000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.002007100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.

In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.0021049016 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002149000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.002149000 – 0.002155500 – 0.002104800 – 0.002007100 – 0.002047100 – 0.002056200 — 55.056421624828 – 59.35203511501

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double top retreat up – –