SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.002064900 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.002012200 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.
Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002155500 |
| 2nd High | 0.002149000 |
| Next High | 0.002064900 |
| Current Price | 0.002023200 |
| Next Low | 0.002012200 |
| 2nd Low | 0.002007100 |
| 3rd Low | 0.001941100 |
0.002064900 – 0.002149000 – 0.002155500 – 0.002012200 – 0.002007100 – 0.002047100 — 45.933019011851 – 47.872491332213
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Rising Wedge Chart Pattern – –