The pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline up.
An ascending movement upwards to the next resistance at 0.001188800 is likely expected.
Caution: A possible change in the direction of support at 0.00117 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Engulfing’ chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00124 |
| 2nd High | 0.00122 |
| Next High | 0.001188800 |
| Current Price | 0.001178600 |
| Next Low | 0.00117 |
| 2nd Low | 0.0011 |
| 3rd Low | 0.00109 |
0.001188800 – 0.00122 – 0.00122 – 0.00118 – 0.00119 – 0.00119 —
0.001188800 – 0.001178000 —
49.988569345737 – 34.972320275748 —
0.001188800 – 1784268000 —
– 1784268000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bullish Engulfing – – –