SOL/BTC – 4H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline up.
The bullish trend up to the next resistance line at 0.001423500 is likely expected.
Caution: A possible change in the direction of support at 0.001348800 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001423500 |
| Current Price | 0.001370400 |
| Next Low | 0.001348800 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001423500 – 0.001487300 – 0.001383300 – 0.001348800 – 0.001350600 – 0.001288500
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double top retreat up