SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 0.001533400 is expected.
Caution: A possible change in the direction of the support level at 0.001486800 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Engulfing’ candle chart pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001536300 |
| Next High | 0.001533400 |
| Current Price | 0.001503600 |
| Next Low | 0.001486800 |
| 2nd Low | 0.001479400 |
| 3rd Low | 0.001445000 |
0.001533400 – 0.001536300 – 0.001503600 – 0.001486800 – 0.001479400 – 0.001445000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Engulfing –