SOL/BTC – 30M – BUYThe currency pair Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at is likely expected.
Caution: A possible trend reversal in the direction of support at 0.001941100 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.002026200 |
| Next Low | 0.001941100 |
| 2nd Low | 0.001910000 |
| 3rd Low | 0.001895600 |
0.002005000 – 0.001980200 – 0.001986100 – 0.001941100 – 0.001944700 – 0.001910000 — 70.976570001769 – 74.45791528324
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – Double bottom retreat down – –