SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 0.001719800 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.001664400 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Hammer’ candlestick chart pattern is detected. The candles form ‘Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001719800 |
| Current Price | 0.001687400 |
| Next Low | 0.001664400 |
| 2nd Low | 0.001649800 |
| 3rd Low | 0.001490300 |
0.001719800 – 0.001720700 – 0.001739200 – 0.001664400 – 0.001649800 – 0.001490300