SOL/BTC – 1H – BUYThe combination breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.002621000 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.002457100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002621000 |
| Current Price | 0.002599800 |
| Next Low | 0.002457100 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |