SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.001421100 will continue.
Caution: A possible trend reversal in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | 0.001487300 |
| Next High | 0.001421100 |
| Current Price | 0.001410100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001421100 – 0.001413300 – 0.001407100 – 0.001367700 – 0.001382100 – 0.001352100
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern