SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.00108 is expected.
Caution: A possible change in the direction of the support level at 0.00105 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Inverted Hammer’ candlestick chart pattern is existing. The chart forms ‘Inverted 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 likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00115 |
| 2nd High | 0.00112 |
| Next High | 0.00108 |
| Current Price | 0.001084200 |
| Next Low | 0.00105 |
| 2nd Low | 0.00102 |
| 3rd Low | 0.00101 |
0.00108 – 0.00107 – 0.00106 – 0.00105 – 0.00105 – 0.00105 —
0.001059000 – 0.001089600 —
46.901591307412 – 76.592000380244 —
– —
0.00108 – 1781384400
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Inverted Hammer – – –