The currency pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 0.001375800 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.001347600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
There is also a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001395300 |
| 2nd High | 0.001384500 |
| Next High | 0.001375800 |
| Current Price | 0.001367200 |
| Next Low | 0.001347600 |
| 2nd Low | 0.001321400 |
| 3rd Low | 0.001315900 |
0.001375800 – 0.001384500 – 0.001395300 – 0.001347600 – 0.001352800 – 0.001349000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji –