SOL/BTC – 30M – BUYFurthermore a ‘Double bottom chart pattern’ chart formation is discovered. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The combination Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
An ascending movement up to the next resistance line at 0.001379400 is expected.
Caution: A possible reversal of the trend in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001423500 |
| 2nd High | 0.001392000 |
| Next High | 0.001379400 |
| Current Price | 0.001387200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001379400 – 0.001392000 – 0.001423500 – 0.001349000 – 0.001348800 – 0.001360400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern