SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline upwards
An ascending movement upwards to the next resistance line at 0.00124 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.00122 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Hammer’ candlestick chart pattern is existing. The chart shows ‘Hammer’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00126 |
| 2nd High | 0.00125 |
| Next High | 0.00124 |
| Current Price | 0.001227500 |
| Next Low | 0.00122 |
| 2nd Low | 0.00121 |
| 3rd Low | 0.00118 |
0.00124 – 0.00125 – 0.00126 – 0.00123 – 0.00124 – 0.00124 —
0.001232200 – 0.001232200 —
49.107701565425 – 40.994594000811 —
– —
0.00124 – 1772928000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Hammer – – –