Hello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price has returned above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is the zone from $22.07 to $21.65, if the support is broken then the next support is $21.32 and below we have the second zone from $20.98 to $20.98 $20.50.
Now let's go from the resistance line, as you can see the first resistance is $22.76, then we have the resistance zone from $23.09 to $23.55, the next resistance at $24.10, then the price will move towards strong resistance at $25.73 $
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while the RSI is moving in the upper part of the range.
Let's start with the support line and as you can see the first support in the near future is the zone from $22.07 to $21.65, if the support is broken then the next support is $21.32 and below we have the second zone from $20.98 to $20.98 $20.50.
Now let's go from the resistance line, as you can see the first resistance is $22.76, then we have the resistance zone from $23.09 to $23.55, the next resistance at $24.10, then the price will move towards strong resistance at $25.73 $
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while the RSI is moving in the upper part of the range.