SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.002693600 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.002512400 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ chart pattern is detected. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. 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 | 0.002711100 |
| 2nd High | 0.002707000 |
| Next High | 0.002693600 |
| Current Price | 0.002542200 |
| Next Low | 0.002512400 |
| 2nd Low | 0.002356800 |
| 3rd Low | 0.002334200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing