SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A descent downwards to the next support at 0.002114300 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.002204400 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Belt Hold’ candle pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002293000 |
| 2nd High | 0.002232400 |
| Next High | 0.002204400 |
| Current Price | 0.002128000 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold