Price is moving as anticipated towards the 20/12/2021 (198).
Need to see a break above this zone so as to give some more steam to the bullish bias.
On the other side we have some interesting lows to keep an eye out on. The first low we need to see buyers defend is 176.80
The final line of defence for buyers is the range between 159.20 - 165.84. Break below this zone might signal that the sellers are starting to shake thing up
Need to see a break above this zone so as to give some more steam to the bullish bias.
On the other side we have some interesting lows to keep an eye out on. The first low we need to see buyers defend is 176.80
The final line of defence for buyers is the range between 159.20 - 165.84. Break below this zone might signal that the sellers are starting to shake thing up
Comment:
Price is heading towards the 160 level after giving us a high at around 209.90
Structure on the hourly is bearish as we head towards this low.
Will continue to monitor price action for any structure changes.
Still bullish on the long term
Structure on the hourly is bearish as we head towards this low.
Will continue to monitor price action for any structure changes.
Still bullish on the long term
Comment:
We have been following the trend of Solana for some time now.
We are now seeing buyers trying to push prices higher this is after market made a high around 209.90.
After which the market moved lower to make a retest at a crucial low around 159.20 - 167.70.
Now that we are seeing some signs of the buyers coming back, I will be looking to see if we can get a break and close above 191.80. for possibility of another push higher towards the previous high 209.90.
I still maintain interest of possibly seeing price move towards the ATH 260 level.
I keep an eye out as price can push lower towards support range 159.20 - 167.70.
We are now seeing buyers trying to push prices higher this is after market made a high around 209.90.
After which the market moved lower to make a retest at a crucial low around 159.20 - 167.70.
Now that we are seeing some signs of the buyers coming back, I will be looking to see if we can get a break and close above 191.80. for possibility of another push higher towards the previous high 209.90.
I still maintain interest of possibly seeing price move towards the ATH 260 level.
I keep an eye out as price can push lower towards support range 159.20 - 167.70.
Comment:
Still keeping an eye out on this crucial support zone 159.20 - 167.70.
Buyers need to fight to retain this support zone as a break of 159 level could lead price to seek support zones lower.
Buyers need to fight to retain this support zone as a break of 159 level could lead price to seek support zones lower.
We wait and see