The pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
An ascending movement up to the next resistance line at 0.0012 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.00115 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.00119584 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.0012 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which 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 | 0.00125 |
| 2nd High | 0.00121 |
| Next High | 0.0012 |
| Current Price | 0.001182000 |
| Next Low | 0.00115 |
| 2nd Low | 0.00112 |
| 3rd Low |
0.00117 – 0.00119 – 0.0012 – 0.00115 – 0.00116 – 0.00117 —
0.001188200 – 0.001192000 —
74.727342197301 – 57.297585376683 —
– —
0.00117 – 1775548800
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – – –