SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 0.001837500 is considered certain.
Caution: A possible change in the direction of the support level at 0.001811300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish pattern 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’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001856700 |
| 2nd High | 0.001847200 |
| Next High | 0.001837500 |
| Current Price | 0.001831800 |
| Next Low | 0.001811300 |
| 2nd Low | 0.001804400 |
| 3rd Low | 0.001797600 |
0.001837500 – 0.001834400 – 0.001847200 – 0.001811300 – 0.001825500 – 0.001823900 — 49.674213352429 – 53.522268890157
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – Triple top chart pattern – –