SOL/BTC – 4H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 0.00125 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.001212100 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00132 |
| 2nd High | 0.00131 |
| Next High | 0.00125 |
| Current Price | 0.001256100 |
| Next Low | 0.001212100 |
| 2nd Low | 0.00121 |
| 3rd Low | 0.0012 |
0.00125 – 0.00131 – 0.00132 – 0.001212100 – 0.00121 – 0.00124 —
0.001232400 – 0.001235600 —
37.645348643136 – 49.696421435257 —
0.001212100 – 1773230400 —
0.00125 – 1773086400
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold – – –