SOL/BTC – 4H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 0.001423500 is expected.
Caution: A possible change in the direction of the support level at 0.001347600 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 | 0.001490200 |
| Next Low | 0.001347600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001423500 – 0.001487300 – 0.001383300 – 0.001347600 – 0.001348800 – 0.001350600
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern