SOL/BTC – 1H – BUY

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

The bullish trend 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 line at 0.002001500 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.0021555 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.002149000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.002117700 – 0.002064900 – 0.002149000 – 0.002001500 – 0.002012200 – 0.002007100 — 71.040990830145 – 74.593519965311

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