SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline upwards
The bullish trend up to the next resistance line at 0.001539900 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.001471000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ chart pattern is existing. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001631400 |
| 2nd High | 0.001567700 |
| Next High | 0.001539900 |
| Current Price | 0.001465500 |
| Next Low | 0.001471000 |
| 2nd Low | 0.001445000 |
| 3rd Low | 0.001347600 |
0.001539900 – 0.001567700 – 0.001631400 – 0.001471000 – 0.001538100 – 0.001563400 — 39.049481739704 – 39.583939544073
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Triple top chart pattern –