SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
An ascent up to the next resistance level at 0.001419800 is expected.
Caution: A possible trend reversal in the direction of support at 0.001288500 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 | 0.001419800 |
| Current Price | 0.001417700 |
| Next Low | 0.001288500 |
| 2nd Low | 0.001256200 |
| 3rd Low |
0.001419800 – 0.001345000 – 0.001366700 – 0.001288500 – 0.001328500 – 0.001256200
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double top retreat up