SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 0.002377000 is likely expected.
Caution: A possible change in the direction of the support zone at 0.002357100 could occur.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. 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 | 0.002437100 |
| 2nd High | 0.002411300 |
| Next High | 0.002377000 |
| Current Price | 0.002348600 |
| Next Low | 0.002357100 |
| 2nd Low | 0.002297700 |
| 3rd Low | 0.002250700 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing