SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) goes from the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 0.001606700 will persist.
Caution: A possible trend reversal in the direction of support at 0.001530400 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Hammer’ candlestick chart pattern is detected. The chart forms ‘Hammer’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001719800 |
| 2nd High | 0.001609900 |
| Next High | 0.001606700 |
| Current Price | 0.001546000 |
| Next Low | 0.001530400 |
| 2nd Low | 0.001490300 |
| 3rd Low | 0.001486200 |
0.001606700 – 0.001609900 – 0.001719800 – 0.001530400 – 0.001566900 – 0.001664400 — 34.159683334263 – 36.055322651003
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Hammer – Double top chart pattern –