SOL/BTC – 4H – BUY

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

An ascending movement up to the next resistance at 0.001423500 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.001347600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.0014403832 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.001423500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001423500 – 0.001487300 – 0.001383300 – 0.001347600 – 0.001348800 – 0.001350600

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