SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 0.002671900 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.002535200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.0026719 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.002671900 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. 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 ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002707000 |
| 2nd High | 0.002693600 |
| Next High | 0.002671900 |
| Current Price | 0.002659300 |
| Next Low | 0.002535200 |
| 2nd Low | 0.002449300 |
| 3rd Low | 0.002440100 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three White Soldiers