SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 0.001367500 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001352100 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Above the Stomach’ candle chart pattern is found. The candles form ‘Above the Stomach’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001389500 |
| 2nd High | 0.001373500 |
| Next High | 0.001367500 |
| Current Price | 0.001368000 |
| Next Low | 0.001352100 |
| 2nd Low | 0.001350600 |
| 3rd Low | 0.001321400 |
0.001367500 – 0.001373500 – 0.001372900 – 0.001352100 – 0.001358400 – 0.001350600
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Above the Stomach –