SOL/BTC – 30M – BUYThe combination goes from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 0.002691600 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.002579800 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002691600 |
| Current Price | 0.002624800 |
| Next Low | 0.002579800 |
| 2nd Low | 0.002489000 |
| 3rd Low | 0.002487200 |