SOL/BTC – 30M – BUY

The pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance line at 0.001421100 is certain.

Caution: A possible counter-trend in the direction of the support zone at 0.001386000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

And also a ‘Hammer’ candlestick chart pattern is found. The chart forms ‘Hammer’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).

0.001421100 – 0.001384600 – 0.001413300 – 0.001386000 – 0.001367700 – 0.001382100

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Hammer – Double bottom retreat down