SOL/BTC – 4H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 0.00116 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.00109 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candle pattern is found. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00121 |
| 2nd High | 0.0012 |
| Next High | 0.00116 |
| Current Price | 0.001125200 |
| Next Low | 0.00109 |
| 2nd Low | 0.00102 |
| 3rd Low | 0.00101 |
0.00116 – 0.00113 – 0.00107 – 0.00109 – 0.00102 – 0.00101 —
0.001107500 – 0.001118400 —
37.70003646269 – 48.525028918018 —
– —
0.00116 – 1782057600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –