SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
A descending movement downwards to the next support level at 0.002023500 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.002080100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002156000 |
| 2nd High | 0.002155900 |
| Next High | 0.002080100 |
| Current Price | 0.002057800 |
| Next Low | 0.002023500 |
| 2nd Low | 0.002021100 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold