SOL/BTC – 1H – BUY

The pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance at 0.001606700 is expected.

Caution: A possible reversal of the trend in the direction of support at 0.001530400 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI cross above 70’ indicator signal is found. The indicator shows ‘RSI cross above 70’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001606700 – 0.001720700 – 0.001739200 – 0.001530400 – 0.001649800 – 0.001486200 — 47.549844703353 – 48.177172970213

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Triple top chart pattern –