SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline down.
A descent down to the next support at 0.002026600 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.002135300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Southern Doji’ candlestick pattern is found. The chart shows ‘Southern 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 probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002232400 |
| 2nd High | 0.002204400 |
| Next High | 0.002135300 |
| Current Price | 0.002054800 |
| Next Low | 0.002026600 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Southern Doji