SOLUSDT: Diminishing Hope for Recovery on the Altcoins?
Updated
Hello Fellow Crypto Investor/Trader, Here's an Outlook for Solana or SOLUSDT!
Price Action Analysis
1. SOLUSDT has retested on the dynamic support (EMA200) and classic resistance area
2. Then, forming a Rising Wedge, the pattern indicates a bearish continuation pattern
3. Breakout of the pattern confirmed the possibility of the downside movement
4. The MACD Indicator also made a Death Cross, signifying the possible downside movement to the target area.
The roadmap will be invalid after reaching the target/resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the SOLUSDT"
Price Action Analysis
1. SOLUSDT has retested on the dynamic support (EMA200) and classic resistance area
2. Then, forming a Rising Wedge, the pattern indicates a bearish continuation pattern
3. Breakout of the pattern confirmed the possibility of the downside movement
4. The MACD Indicator also made a Death Cross, signifying the possible downside movement to the target area.
The roadmap will be invalid after reaching the target/resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the SOLUSDT"
Comment
New Continuation Pattern Formed!Trade closed: target reached
Yup As we expected bear market isn't over yet!
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