SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 0.001984000 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.001943400 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Inside Up’ candle chart pattern is found. The chart shows ‘Three Inside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Up’ heading up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002009000 |
| 2nd High | 0.002000800 |
| Next High | 0.001984000 |
| Current Price | 0.002030500 |
| Next Low | 0.001943400 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001878000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Inside Up