SOL/BTC – 30M – BUY

The pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline up.

A continuation of the uptrend up to the next resistance line at 0.001720700 is expected.

Caution: A possible counter-trend in the direction of the support line at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.0017392 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.001720700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001720700 – 0.001739200 – 0.001547600 – 0.001649800 – 0.001490300 – 0.001486200

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