SOL/BTC – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.001986100 is expected.

Caution: A possible counter-trend in the direction of the support line at 0.001910000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.0019861 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.001986100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001986100 – 0.001947000 – 0.001931800 – 0.001910000 – 0.001895600 – 0.001817400 — 53.26419504317 – 53.954088589125

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