SOL/BTC – 1H – BUY

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

A bullish trend up to the next resistance at 0.001655200 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.001557500 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. 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).

0.001590300 – 0.001592200 – 0.001655200 – 0.001557500 – 0.001548000 – 0.001562300 — 56.962662379447 – 62.236384543782

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Triple bottom chart pattern – –