The combination Solana/Bitcoin (SOL/BTC) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.0013 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.00109 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Bullish Engulfing’ candle chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00132 |
| 2nd High | 0.00131 |
| Next High | 0.0013 |
| Current Price | 0.001278300 |
| Next Low | 0.00109 |
| 2nd Low | 0.00102 |
| 3rd Low | 0.00101 |
0.00123 – 0.00116 – 0.00113 – 0.00109 – 0.00109 – 0.00102 —
0.001257800 – 0.001278700 —
69.217407641835 – 73.625149445883 —
– —
0.00123 – 1782489600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –