SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 0.00128 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.00124 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candle pattern is discovered. The chart forms ‘Bullish Engulfing’. 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 success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00131 |
| 2nd High | 0.00129 |
| Next High | 0.00128 |
| Current Price | 0.001257100 |
| Next Low | 0.00124 |
| 2nd Low | 0.00122 |
| 3rd Low | 0.00121 |
0.00128 – 0.00127 – 0.00127 – 0.00124 – 0.00124 – 0.00125 —
0.001264400 – 0.001265300 —
53.742212264924 – 45.102506957928 —
– —
0.00128 – 1772586000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –