SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 0.001613600 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001720700 |
| 2nd High | 0.001719800 |
| Next High | 0.001613600 |
| Current Price | 0.001583800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001613600 – 0.001591100 – 0.001561600 – 0.001562500 – 0.001529200 – 0.001522800 — 53.062985000959 – 57.650138385936
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold – Symmetrical Triangle Chart Pattern –