SOL/BTC – 1H – BUY

The combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline upwards

A continuation of the bullish trend up to the next resistance level at 0.001536300 is expected.

Caution: A possible trend reversal in the direction of the support level at could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.0015363 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.001536300 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).

0.001536300 – 0.001503600 – 0.001395300 – 0.001479400 – 0.001445000 – 0.001347600

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down