SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.001739200 will persist.
Caution: A possible trend reversal in the direction of support at 0.001486200 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.001740400 |
| Next High | 0.001739200 |
| Current Price | 0.001678000 |
| Next Low | 0.001486200 |
| 2nd Low | 0.001479400 |
| 3rd Low | 0.001445000 |
0.001739200 – 0.001536300 – 0.001503600 – 0.001486200 – 0.001479400 – 0.001445000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji –