SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 0.001507300 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.001464800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001586200 |
| 2nd High | 0.001555700 |
| Next High | 0.001507300 |
| Current Price | 0.001479300 |
| Next Low | 0.001464800 |
| 2nd Low | 0.001456400 |
| 3rd Low | 0.001429500 |
0.001507300 – 0.001555700 – 0.001586200 – 0.001464800 – 0.001508400 – 0.001508300 — 41.122931352404 – 44.907616817305
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – Double bottom chart pattern – –