SOLUSDT: Diminishing Hope for Recovery on the Altcoins?
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"
Note
New Continuation Pattern Formed!Trade closed: target reached
Yup As we expected bear market isn't over yet!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.