SOL/BTC – 4H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 0.001632600 is likely expected.
Caution: A possible change in the direction of the support level at 0.001347600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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 | 0.001740400 |
| 2nd High | 0.001688300 |
| Next High | 0.001632600 |
| Current Price | 0.001657500 |
| Next Low | 0.001347600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001536300 – 0.001423500 – 0.001487300 – 0.001347600 – 0.001348800 – 0.001350600
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern