SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 0.002155900 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.002027300 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.0020547 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.002155900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002177600 |
| 2nd High | 0.002156000 |
| Next High | 0.002155900 |
| Current Price | 0.002064700 |
| Next Low | 0.002027300 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Up