SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.001467800 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.001429600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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 | 0.001560000 |
| 2nd High | 0.001496400 |
| Next High | 0.001467800 |
| Current Price | 0.001454300 |
| Next Low | 0.001429600 |
| 2nd Low | 0.001420500 |
| 3rd Low | 0.001407200 |
0.001467800 – 0.001454700 – 0.001458300 – 0.001429600 – 0.001420500 – 0.001407200
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji