SOL/BTC – 1H – BUY

The pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline upwards

A continuation of the bullish trend up to the next resistance level at 0.001606700 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.001530400 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.0016093 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.001606700 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001606700 – 0.001720700 – 0.001739200 – 0.001530400 – 0.001649800 – 0.001486200 — 37.830545000645 – 43.216052128808

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern –