SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.002514000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.002474500 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002599900 |
| 2nd High | 0.002550000 |
| Next High | 0.002514000 |
| Current Price | 0.002501800 |
| Next Low | 0.002474500 |
| 2nd Low | 0.002452300 |
| 3rd Low | 0.002427200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing