The pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 0.00128 is likely expected.
Caution: A possible change in the direction of the support level at 0.00124 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00131 |
| 2nd High | 0.00129 |
| Next High | 0.00128 |
| Current Price | 0.001262400 |
| Next Low | 0.00124 |
| 2nd Low | 0.00122 |
| 3rd Low | 0.00121 |
0.00128 – 0.00127 – 0.00127 – 0.00124 – 0.00125 – 0.00126 —
0.001266700 – 0.001259400 —
45.918298479261 – 48.340953626715 —
– —
0.00128 – 1772586000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –