SOL/BTC – 30M – BUYThe pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.001719800 is likely expected.
Caution: A possible change in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.
Besides a ‘Hammer’ candle chart pattern is found. The candles form ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001719800 |
| Current Price | 0.001694800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001719800 – 0.001720700 – 0.001739200 – 0.001664400 – 0.001649800 – 0.001490300