SOL/BTC – 4H – BUY

The currency pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance at 0.001739200 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.001522800 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘RSI cross above 30’ indicator layout is existing. The indicator shows ‘RSI cross above 30’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.0016467824 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.001739200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001739200 – 0.001536300 – 0.001423500 – 0.001522800 – 0.001347600 – 0.001348800 — 41.174211257508 – 43.351477654479

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern –