SOL has just flashed the strong bearish signal!
Hello, traders!
Solana is following the Bitcoin and has also flashed the strong bearish signal on the 1D time frame.
After reaching the 0.618 Fibonacci retracement of the previous downside impulse price got rejection. Moreover it formed the true confirmed bearish divergence with the MACD, which is the strongest signal in technical analysis.
What about targets? I expect
SOLUSDT price at $17, which coincides with the 0.61 Fibonacci zone of the uptrend impulse.
________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Solana is following the Bitcoin and has also flashed the strong bearish signal on the 1D time frame.
After reaching the 0.618 Fibonacci retracement of the previous downside impulse price got rejection. Moreover it formed the true confirmed bearish divergence with the MACD, which is the strongest signal in technical analysis.
What about targets? I expect
SOLUSDT price at $17, which coincides with the 0.61 Fibonacci zone of the uptrend impulse.________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
We make copy trading fair with high-water mark protection, empower manual traders with our smart terminal, and easily convert TradingView alerts into CEX orders with easy-to-use bots
Learn more at
skyrexio.com
Learn more at
skyrexio.com
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.