SOL/BTC – 30M – BUY

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 0.001638400 is expected.

Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.0016355808 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001638400 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bullish Belt Hold’ chart pattern is found. 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 chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.001638400 – 0.001659700 – 0.001599400 – 0.001601400 – 0.001628300 – 0.001576400 — 45.23968288716 – 52.940048234368

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold – Triple bottom chart pattern – –