SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.0015 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.00149 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00184 |
| 2nd High | 0.00153 |
| Next High | 0.0015 |
| Current Price | 0.001501100 |
| Next Low | 0.00149 |
| 2nd Low | 0.00147 |
| 3rd Low | 0.00146 |
0.0015 – 0.00149 – 0.00153 – 0.00149 – 0.00147 – 0.00149 — 60.550920942393 – 65.499211423294 — 79.767745140657 – 90.130203481753 – 78.161419197251 – 82.237954280431
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down – –