SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.0011 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.00108 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candlestick pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00115 |
| 2nd High | 0.00112 |
| Next High | 0.0011 |
| Current Price | 0.001129700 |
| Next Low | 0.00108 |
| 2nd Low | 0.00105 |
| 3rd Low | 0.00104 |
0.00109 – 0.00108 – 0.00107 – 0.00108 – 0.00105 – 0.00106 —
0.001112600 – 0.001131700 —
80.877060129026 – 78.087691090065 —
– —
0.00109 – 1781481600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –