SOL/BTC – 1H – BUYThe currency pair jumps from the descending trendline up.
An ascent upwards to the next resistance line at 0.002648400 will continue.
Caution: A possible change in the direction of the support zone at 0.002457100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern 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 | 0.002691600 |
| 2nd High | 0.002659600 |
| Next High | 0.002648400 |
| Current Price | 0.002611500 |
| Next Low | 0.002457100 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |