The currency pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.00111 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.001091500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.00110575 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.00111 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00114 |
| 2nd High | 0.00112 |
| Next High | 0.00111 |
| Current Price | 0.001100500 |
| Next Low | 0.001091500 |
| 2nd Low | |
| 3rd Low |
0.00111 – 0.00111 – 0.00112 – 0.001091500 – 0.0011 – 0.0011 —
0.001095900 – 0.001098700 —
35.452174967474 – 45.756425501489 —
0.001091500 – 1777293000 —
0.00111 – 1777257000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three White Soldiers – – –