SOL/BTC – 1H – BUY

The currency pair Solana/Bitcoin (SOL/BTC) breaks through the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance at 0.00109 is certain.

Caution: A possible change in the direction of the support zone at 0.00105 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

0.00109 – 0.00108 – 0.00107 – 0.00105 – 0.00105 – 0.00105 —
0.001086100 – 0.001088900 —
76.902831267496 – 73.803142488561 —
– —
0.00109 – 1781481600

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –