SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascending movement up to the next resistance at 0.001389500 is expected.
Caution: A possible change in the direction of the support zone at 0.001350600 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001389500 |
| Current Price | 0.001369700 |
| Next Low | 0.001350600 |
| 2nd Low | 0.001321400 |
| 3rd Low | 0.001315900 |
0.001389500 – 0.001409600 – 0.001487300 – 0.001350600 – 0.001373000 – 0.001373900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double top retreat up