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cryptodailyuk
Jan 17, 2024 1:05 PM

SOL Short-Term 1H 

SOL / TetherUSBinance

Description

Let's look at the SOL to USDT chart on a one-hour time frame. As you can see, the price is moving above the local uptrend line.

After unfolding the trend based fib extension grid, you can see support at $99, and then a zone from $95 to $93.

Looking the other way, we see a resistance zone from $103 to $105, and then resistance at $110.

The RSI shows room for the price to go higher, but the STOCH indicator indicates a needed price recovery.
Comments
worldlyEnthusi27157
Good analysis! thank you. Do you think we will hit 120 this week?
rainmanhamid
The great analyze 👌
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