SOL/BTC – 1H – BUY

The combination Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline up.

A continuation of the upward movement upwards to the next resistance level at 0.001720700 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 0.001563400 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘RSI fall below 70’ indicator signal is detected. The indicator is ‘RSI fall below 70’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.0016783494 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.001720700 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The 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).

0.001594600 – 0.001613600 – 0.001606700 – 0.001563400 – 0.001562500 – 0.001529200 — 67.430046381153 – 67.598548354105

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down –