SOL/BTC – 1H – BUY

The combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.

A bullish trend upwards to the next resistance level at 0.001462100 is expected.

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

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.0014837 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.001462100 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001462100 – 0.001496400 – 0.001560000 – 0.001407400 – 0.001464300 – 0.001456200

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji