The currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 0.00129 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.0012 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00146 |
| 2nd High | 0.00143 |
| Next High | 0.00129 |
| Current Price | 0.001278000 |
| Next Low | 0.0012 |
| 2nd Low | 0.00117 |
| 3rd Low | 0.00112 |
0.00129 – 0.00143 – 0.00143 – 0.0012 – 0.00121 – 0.00122 —
0.001220100 – 0.001274500 —
38.247852862456 – 65.178207798589 —
– —
0.00129 – 1771142400
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three White Soldiers – Double top retreat up – –