SOL/BTC – 4H – BUYThe pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 0.001487300 is expected.
Caution: A possible change in the direction of the support level at 0.001350600 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.001487300 |
| Current Price | 0.001391600 |
| Next Low | 0.001350600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001487300 – 0.001383300 – 0.001486400 – 0.001350600 – 0.001288500 – 0.001256200
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji –