SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 0.001739200 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.001649800 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles show ‘Bullish Belt Hold’. 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 probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.001740400 |
| Next High | 0.001739200 |
| Current Price | 0.001714700 |
| Next Low | 0.001649800 |
| 2nd Low | 0.001486200 |
| 3rd Low | 0.001479400 |
0.001739200 – 0.001536300 – 0.001503600 – 0.001649800 – 0.001486200 – 0.001479400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Belt Hold –