SOL/BTC – 30M – BUY

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

A bullish ascent upwards to the next resistance level at 0.00124 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.00122 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish 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 will continue. Target of the current trend is 0.00124056 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.00124 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a positive 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.00124 – 0.00124 – 0.00124 – 0.00122 – 0.00121 – 0.00122 —
0.001230700 – 0.001232700 —
48.682590220406 – 50.939462672348 —
– —
0.00124 – 1773253800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Up – – –