SOL/BTC – 30M – BUYThe combination Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 0.001533400 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles form ‘Bullish Belt Hold’. this is a bullish 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’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001536300 |
| Next High | 0.001533400 |
| Current Price | 0.001506700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001533400 – 0.001536300 – 0.001503600 – 0.001486200 – 0.001486800 – 0.001479400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Bullish Belt Hold –