SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.001373500 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.001350600 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive 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 | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001373500 |
| Current Price | 0.001366700 |
| Next Low | 0.001350600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001373500 – 0.001372900 – 0.001409600 – 0.001350600 – 0.001373900 – 0.001390100
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji –