SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline upwards
The bullish trend up to the next resistance at 0.001423500 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.001348800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Engulfing’ candle pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. 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 | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001423500 |
| Current Price | 0.001370400 |
| Next Low | 0.001348800 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001423500 – 0.001421100 – 0.001413300 – 0.001348800 – 0.001360400 – 0.001367700
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Engulfing – Double bottom chart pattern