SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.001533400 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001479400 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001536300 |
| Next High | 0.001533400 |
| Current Price | 0.001491900 |
| Next Low | 0.001479400 |
| 2nd Low | 0.001445000 |
| 3rd Low | 0.001396000 |
0.001533400 – 0.001536300 – 0.001503600 – 0.001479400 – 0.001445000 – 0.001447400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Engulfing –