SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A bearish movement down to the next support level at 0.001939900 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.002231900 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Engulfing’ candle pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002322500 |
| 2nd High | 0.002313800 |
| Next High | 0.002231900 |
| Current Price | 0.002064700 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001872200 |
| 3rd Low | 0.001842700 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing