SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 0.001951500 is likely expected.
Caution: A possible change in the direction of resistance at 0.002035900 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Bullish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The 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 | 0.002135300 |
| 2nd High | 0.002090600 |
| Next High | 0.002035900 |
| Current Price | 0.001984000 |
| Next Low | 0.001951500 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing