Hi everyone,
Let's take a look at the SOLUSDT chart on the 1 day time frame.
What is striking in the foreground are two channels:
- the downtrend channel marked with yellow lines
and
- the uptrend channel marked with blue lines
Then, expressively, we can notice the place where the downward trend breaks and the point of defense of the upward trend change in which we are currently.
It is also worth designating support and resistance zones, and so we can see that the support zone is from $ 34,165 to $ 30,430, and the resistance zone is from $ 46.680 to $ 52,485.
Going further, we should pay attention to the behavior of the price, which moves nicely from the upper to the lower limit of the channel, which can potentially be used in short-term games with appropriately selected stoplots.
Remember these are my thoughts and this is not an investment advice :)
Let's take a look at the SOLUSDT chart on the 1 day time frame.
What is striking in the foreground are two channels:
- the downtrend channel marked with yellow lines
and
- the uptrend channel marked with blue lines
Then, expressively, we can notice the place where the downward trend breaks and the point of defense of the upward trend change in which we are currently.
It is also worth designating support and resistance zones, and so we can see that the support zone is from $ 34,165 to $ 30,430, and the resistance zone is from $ 46.680 to $ 52,485.
Going further, we should pay attention to the behavior of the price, which moves nicely from the upper to the lower limit of the channel, which can potentially be used in short-term games with appropriately selected stoplots.
Remember these are my thoughts and this is not an investment advice :)