SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 0.002026600 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.002135300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002232400 |
| 2nd High | 0.002204400 |
| Next High | 0.002135300 |
| Current Price | 0.002054800 |
| Next Low | 0.002026600 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing