SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 0.001688300 is certain.
Caution: A possible change in the direction of the support line at 0.001486200 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 0.001740400 |
| 2nd High | 0.001710800 |
| Next High | 0.001688300 |
| Current Price | 0.001671300 |
| Next Low | 0.001486200 |
| 2nd Low | 0.001479400 |
| 3rd Low | 0.001445000 |
0.001536300 – 0.001503600 – 0.001395300 – 0.001486200 – 0.001479400 – 0.001445000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double top chart pattern