SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.002027300 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.002076400 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002076400 |
| Current Price | 0.002049300 |
| Next Low | 0.002027300 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing