SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascending movement up to the next resistance level at 0.001462100 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.001422900 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001496400 |
| Next High | 0.001462100 |
| Current Price | 0.001452800 |
| Next Low | 0.001422900 |
| 2nd Low | 0.001407400 |
| 3rd Low | 0.001376000 |
0.001462100 – 0.001439200 – 0.001496400 – 0.001422900 – 0.001407400 – 0.001477700
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji