SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.001409200 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.001383600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading 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