SOL/BTC – 30M – BUYMoreover a ‘Falling Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 0.001409200 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.001383600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001439100 |
| 2nd High | 0.001429300 |
| Next High | 0.001409200 |
| Current Price | 0.001392000 |
| Next Low | 0.001383600 |
| 2nd Low | 0.001375000 |
| 3rd Low | 0.001360100 |
0.001409200 – 0.001429300 – 0.001439100 – 0.001383600 – 0.001403700 – 0.001389700
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji