SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.001503600 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.001347600 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bullish Belt Hold’ candle pattern is existing. The candles show ‘Bullish Belt Hold’. 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 likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001503600 |
| Current Price | 0.001503700 |
| Next Low | 0.001347600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001503600 – 0.001395300 – 0.001379400 – 0.001347600 – 0.001349000 – 0.001348800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Belt Hold – Triple bottom chart pattern