SOL/BTC – 4H – BUYThe pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.001739200 is expected.
Caution: A possible change in the direction of the support zone at 0.001522800 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. which could be a negative signal. The currency pair could go down.
Besides a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 0.001621000 |
| Next Low | 0.001522800 |
| 2nd Low | 0.001347600 |
| 3rd Low | 0.001288500 |
0.001739200 – 0.001536300 – 0.001423500 – 0.001522800 – 0.001347600 – 0.001348800 — 60.675235794044 – 60.675235794044
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down –