SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.001373500 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.001352100 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.00141895 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.001373500 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Harami Cross’ candle chart pattern is found. The chart shows ‘Bearish Harami Cross’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001373500 |
| Current Price | 0.001391600 |
| Next Low | 0.001352100 |
| 2nd Low | 0.001350600 |
| 3rd Low | 0.001288500 |
0.001373500 – 0.001372900 – 0.001409600 – 0.001352100 – 0.001350600 – 0.001373900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bearish Harami Cross –