SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 0.001888700 is certain.
Caution: A possible change in the direction of the support zone at 0.001861400 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.0019143394 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 0.001888700 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001909900 |
| 2nd High | 0.001888900 |
| Next High | 0.001888700 |
| Current Price | 0.001886100 |
| Next Low | 0.001861400 |
| 2nd Low | 0.001825600 |
| 3rd Low | 0.001818200 |
0.001888700 – 0.001888900 – 0.001909900 – 0.001861400 – 0.001825600 – 0.001858500 — 56.672429179711 – 58.025711874766
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom chart pattern – –