SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascending movement up to the next resistance at 0.001379400 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.001349000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘Northern Doji’ chart pattern is existing. The chart shows ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001379400 |
| Current Price | 0.001366200 |
| Next Low | 0.001349000 |
| 2nd Low | 0.001348800 |
| 3rd Low | 0.001288500 |
0.001379400 – 0.001423500 – 0.001421100 – 0.001349000 – 0.001348800 – 0.001360400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern