SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 0.002535500 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.002461000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.002562129 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.002535500 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. 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 | 0.002599900 |
| 2nd High | 0.002545500 |
| Next High | 0.002535500 |
| Current Price | 0.002516900 |
| Next Low | 0.002461000 |
| 2nd Low | 0.002427200 |
| 3rd Low | 0.002423400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three White Soldiers