SOL/BTC – 4H – BUYThe pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.002681000 will persist.
Caution: A possible change in the direction of the support zone at 0.002440100 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.0026165112 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.002681000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.002711100 |
| Next High | 0.002681000 |
| Current Price | 0.002560300 |
| Next Low | 0.002440100 |
| 2nd Low | 0.002334200 |
| 3rd Low | 0.002310300 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing