SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.002096600 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.001941100 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002096600 |
| Current Price | 0.002087300 |
| Next Low | 0.001941100 |
| 2nd Low | 0.001910000 |
| 3rd Low | 0.001895600 |
0.002096600 – 0.002005000 – 0.001980200 – 0.001941100 – 0.001944700 – 0.001910000 — 56.802390353829 – 59.527828239047
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Triple bottom chart pattern – –