The currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascent upwards to the next resistance at 0.001409200 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.001383600 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | 0.001439100 |
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