SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance level at 0.001395300 is certain.
Caution: A possible trend reversal in the direction of support at 0.001349000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candle chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001395300 |
| Current Price | 0.001366200 |
| Next Low | 0.001349000 |
| 2nd Low | 0.001348800 |
| 3rd Low | 0.001321400 |
0.001395300 – 0.001379400 – 0.001392000 – 0.001349000 – 0.001348800 – 0.001360400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Engulfing – Double bottom chart pattern