SOL/BTC – 30M – BUY

The pair Solana/Bitcoin (SOL/BTC) breaks through the descending trendline upwards

A bullish movement up to the next resistance level at 0.00122 is likely expected.

Caution: A possible trend reversal in the direction of the support line at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.001225 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.00122 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Latter Bottom’ candlestick chart pattern is found. The candles form ‘Latter Bottom’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

0.00122 – 0.00122 – 0.00124 – 0.00119 – 0.00119 – 0.00121 —
0.001207000 – 0.001208100 —
51.652699894649 – 59.446156491071 —
– —
0.00122 – 1783782000

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Latter Bottom – – –