Solana's Bearish Trend Explained
Hello every one
SOL / TETHERUS
SOL has been in a Bearish Trend after Creating a ATH at 260$. The Price has been Ranging in a Descending Channel which we've Drawn for you. Now The Price is near The Top of The Mentioned Channel. It was about to Touch It's Top But Before That The Bears Have taken it down. Now The Price must Fall. If our Expectations Come True Solana can Decrease to It's Support zone which is Between 145 & 120 $. There is another reason that will make this Expectation More reliable. We can See a Hidden Bearish Divergence (-HD) on MACD. Since Indicators show The Future of Market ,It is safe to say That SOL is gonna Do a bearish Movement. THE EMA 200 is also a Strong Support for Solana. we can Expect a Pullback From there as well!
Summary:
-SOL is in a bearish Channel
-Support zone Between 145 &120 $
-(-HD) on MACD
-EMA 200 Is a Strong Support For Solana
This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
SOL / TETHERUS
SOL has been in a Bearish Trend after Creating a ATH at 260$. The Price has been Ranging in a Descending Channel which we've Drawn for you. Now The Price is near The Top of The Mentioned Channel. It was about to Touch It's Top But Before That The Bears Have taken it down. Now The Price must Fall. If our Expectations Come True Solana can Decrease to It's Support zone which is Between 145 & 120 $. There is another reason that will make this Expectation More reliable. We can See a Hidden Bearish Divergence (-HD) on MACD. Since Indicators show The Future of Market ,It is safe to say That SOL is gonna Do a bearish Movement. THE EMA 200 is also a Strong Support for Solana. we can Expect a Pullback From there as well!
Summary:
-SOL is in a bearish Channel
-Support zone Between 145 &120 $
-(-HD) on MACD
-EMA 200 Is a Strong Support For Solana
This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
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✅KYC-Free Crypto Exchange, Signup for 20% Fees Off and $45,145 Rewards.
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