SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 0.001594600 will persist.
Caution: A possible counter-trend in the direction of support at 0.001562500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Bullish Separating Lines’ candlestick pattern is detected. The candles show ‘Bullish Separating Lines’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001720700 |
| 2nd High | 0.001613600 |
| Next High | 0.001594600 |
| Current Price | 0.001579000 |
| Next Low | 0.001562500 |
| 2nd Low | 0.001529200 |
| 3rd Low | 0.001522800 |
0.001594600 – 0.001613600 – 0.001606700 – 0.001562500 – 0.001529200 – 0.001522800 — 48.166057123662 – 51.186000093426
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Separating Lines – Double bottom retreat down –