Solana (SOL) - August 17

SOL / TetherUSBinance

Description

⋅ Aug 16, 2022 11:08 PM

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(SOLUSDT 1W Chart)

The interval 28.47-37.55 is the interval that determines the trend.

Therefore, since it was supported and ascended in the section 28.47-37.55, I think that we have started the journey to rise to the section 73.91-83.0.

To do that, we need to see if we can find support and move up around 42.20.

(1D chart)
The key is whether it can support and rise near the 39.78-42.20 section.

If it moves lower from 39.78, we should see support near 37.55.

If you fall in the 38.47-31.81 section, you need Stop Loss to secure cash.

- In the CCI-C indicator, if the CCI line is maintained above the EMA line, it is expected to maintain an upward trend.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comments

SwallowPremium

⋅ Aug 17, 2022 10:12 PM

Well written description, thanks!