SOL/BTC – 1H – BUYBesides a ‘Double bottom chart pattern’ chart layout is found. The chart shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.
The pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.001373500 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001352100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern 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 | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001373500 |
| Current Price | 0.001376500 |
| Next Low | 0.001352100 |
| 2nd Low | 0.001350600 |
| 3rd Low | 0.001288500 |
0.001373500 – 0.001372900 – 0.001409600 – 0.001352100 – 0.001350600 – 0.001373900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern