SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 0.001373500 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.001352100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001373500 |
| Current Price | 0.001363800 |
| 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 – Bullish Belt Hold –