SOL/BTC – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 0.002691600 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.002579800 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002691600 |
| Current Price | 0.002635800 |
| Next Low | 0.002579800 |
| 2nd Low | 0.002457100 |
| 3rd Low | 0.002310300 |