SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 0.001606700 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.001522800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘RSI fall below 70’ indicator signal is discovered. The indicator is ‘RSI fall below 70’. which could be a positive chart scenario. The currency pair could go up.
Moreover a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. this is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001719800 |
| 2nd High | 0.001609900 |
| Next High | 0.001606700 |
| Current Price | 0.001556000 |
| Next Low | 0.001522800 |
| 2nd Low | 0.001490300 |
| 3rd Low | 0.001486200 |
0.001606700 – 0.001609900 – 0.001719800 – 0.001522800 – 0.001530400 – 0.001566900 — 50.648098925913 – 51.767744616935
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern –