SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 0.001409200 is likely expected.
Caution: A possible change in the direction of the support line at 0.001278000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001486400 |
| Next High | 0.001409200 |
| Current Price | 0.001324800 |
| Next Low | 0.001278000 |
| 2nd Low | |
| 3rd Low |
0.001409200 – 0.001486400 – 0.001403600 – 0.001352200 – 0.001383600 – 0.001389700
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji