SOL/BTC – 1H – BUY

The pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.

A bullish trend up to the next resistance at 0.001395300 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.001347600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.0014072574 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.001395300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish 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).

0.001395300 – 0.001379400 – 0.001423500 – 0.001347600 – 0.001349000 – 0.001348800

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Triple bottom chart pattern