SOL/BTC – 1H – BUY

The pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance line at 0.00128 is certain.

Caution: A possible trend reversal in the direction of the support zone at 0.00117 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Bullish Engulfing’ candle pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

0.00124 – 0.00121 – 0.00122 – 0.00117 – 0.00118 – 0.0012 —
0.001268900 – 0.001279200 —
76.294889730196 – 77.193022530472 —
– —
0.00124 – 1771009200

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –