SOL/BTC – 4H – BUYAlso there is a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish signal. The currency pair is likely to go up.
The currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.001560000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.001407200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.0015738 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.001560000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | 0.001688300 |
| 2nd High | 0.001632600 |
| Next High | 0.001560000 |
| Current Price | 0.001501000 |
| Next Low | 0.001407200 |
| 2nd Low | 0.001278000 |
| 3rd Low |
0.001560000 – 0.001632600 – 0.001688300 – 0.001407200 – 0.001407400 – 0.001450400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji