SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 0.001400000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.001357400 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001400000 |
| Current Price | 0.001402400 |
| Next Low | 0.001357400 |
| 2nd Low | 0.001347600 |
| 3rd Low | 0.001321400 |
0.001400000 – 0.001397300 – 0.001375800 – 0.001357400 – 0.001347600 – 0.001352800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern