SOL/BTC – 4H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.001536300 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.001347600 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001632600 |
| 2nd High | 0.001560000 |
| Next High | 0.001536300 |
| Current Price | 0.001613400 |
| 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