SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 0.002534500 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.002452300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002599900 |
| 2nd High | 0.002550000 |
| Next High | 0.002534500 |
| Current Price | 0.002512400 |
| Next Low | 0.002452300 |
| 2nd Low | 0.002423400 |
| 3rd Low | 0.002356800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three White Soldiers