SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A descent downwards to the next support line at 0.001943400 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002056100 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002056100 |
| Current Price | 0.002051100 |
| Next Low | 0.001943400 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001878000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold