SOL/BTC – 1H – BUYThe combination Solana/Bitcoin (SOL/BTC) jumps from the descending trendline up.
The bullish trend up to the next resistance line at 0.001539900 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.001471000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘RSI cross above 30’ indicator layout is existing. The indicator is ‘RSI cross above 30’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Besides a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001631400 |
| 2nd High | 0.001567700 |
| Next High | 0.001539900 |
| Current Price | 0.001493700 |
| Next Low | 0.001471000 |
| 2nd Low | 0.001445000 |
| 3rd Low | 0.001347600 |
0.001539900 – 0.001567700 – 0.001631400 – 0.001471000 – 0.001538100 – 0.001563400 — 37.905937839014 – 40.234631554242
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold – Symmetrical Triangle Chart Pattern –