SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
A descent down to the next support at 0.002114300 is certain.
Caution: A possible change in the direction of the resistance zone at 0.002204400 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002232400 |
| Next High | 0.002204400 |
| Current Price | 0.002124700 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing