SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 0.001469500 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.001421300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which is often a bullish signal. The pair is likely to go up.
Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | 0.001539900 |
| 2nd High | 0.001493500 |
| Next High | 0.001469500 |
| Current Price | 0.001475600 |
| Next Low | 0.001421300 |
| 2nd Low | 0.001347600 |
| 3rd Low | 0.001288500 |
0.001469500 – 0.001493500 – 0.001539900 – 0.001421300 – 0.001443900 – 0.001471000 — 62.937156648293 – 64.675943712989
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – – –