SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A descending movement down to the next support line at 0.002499000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002599900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.00256055 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.002599900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Engulfing’ candle chart pattern is existing. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002693600 |
| 2nd High | 0.002681000 |
| Next High | 0.002599900 |
| Current Price | 0.002517500 |
| Next Low | 0.002499000 |
| 2nd Low | 0.002440100 |
| 3rd Low | 0.002356800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing