SOL/BTC – 30M – BUY

The combination Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.

A bullish movement up to the next resistance level at 0.001594600 is considered certain.

Caution: A possible change in the direction of the support line at 0.001563400 could occur.
Consider stop-loss settings accordingly.

Besides a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.0015921712 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 0.001594600 could occur.
Consider stop-loss settings accordingly.

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

0.001594600 – 0.001613600 – 0.001591100 – 0.001563400 – 0.001562500 – 0.001529200 — 48.77019690195 – 51.623775383784

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