SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.001395300 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.001349000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001395300 |
| Current Price | 0.001359800 |
| Next Low | 0.001349000 |
| 2nd Low | 0.001348800 |
| 3rd Low | 0.001288500 |
0.001395300 – 0.001379400 – 0.001423500 – 0.001349000 – 0.001348800 – 0.001360400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Engulfing – Rising Wedge Chart Pattern