SOL/BTC – 30M – BUYAdditionally a ‘Falling Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.
The combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 0.001409200 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.001383600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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