SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.001720700 will persist.
Caution: A possible counter-trend in the direction of support at 0.001486200 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Besides a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001740400 |
| 2nd High | 0.001739200 |
| Next High | 0.001720700 |
| Current Price | 0.001566400 |
| Next Low | 0.001486200 |
| 2nd Low | 0.001479400 |
| 3rd Low | 0.001445000 |
0.001720700 – 0.001739200 – 0.001536300 – 0.001649800 – 0.001486200 – 0.001479400
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double top retreat up –