SOL/BTC – 4H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
An ascent upwards to the next resistance level at 0.001486400 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.001288500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Additionally 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 go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001486400 |
| Current Price | 0.001417700 |
| Next Low | 0.001288500 |
| 2nd Low | 0.001256200 |
| 3rd Low |
0.001383300 – 0.001486400 – 0.001509500 – 0.001288500 – 0.001256200 – 0.001360100
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double top retreat up