SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
A bullish trend up to the next resistance at 0.001467800 will continue.
Caution: A possible trend reversal in the direction of the support zone at could occur.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
Besides a ‘Bullish Engulfing’ candlestick pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001496400 |
| Next High | 0.001467800 |
| Current Price | 0.001467900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001467800 – 0.001454700 – 0.001458300 – 0.001420500 – 0.001407200 – 0.001413900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Engulfing