SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.001943400 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.002090600 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Above the Stomach’ candle pattern is found. The chart forms ‘Above the Stomach’. 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 ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002204400 |
| 2nd High | 0.002135300 |
| Next High | 0.002090600 |
| Current Price | 0.002008800 |
| Next Low | 0.001943400 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001878000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Above the Stomach