SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.001631400 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.001464100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Belt Hold’ candle pattern is found. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001631400 |
| Current Price | 0.001683100 |
| Next Low | 0.001464100 |
| 2nd Low | 0.001456400 |
| 3rd Low | 0.001421300 |
0.001555700 – 0.001586200 – 0.001469500 – 0.001464100 – 0.001508300 – 0.001456400 — 72.578894552041 – 76.63129636292
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Belt Hold – Triple bottom chart pattern – –