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ferulianov
Feb 1, 2023 4:02 PM

SOLUSDT H1 

SOL / TetherUSBinance

Description

The solana is in a virtual bearish channel, but at the same time it is about to start an impulsive leg to stress the upper edge, confirmed by the RSI which indicates exhaustion of the selling forces. When you reach the upper edge, you may experience resistance from the Cloud of Ichimuku.

SOLUSDT 1H
⚠️Here are the supports and resistances at 1H:
Key Support Levels: 22.74 / 22.25
Main Resistance Levels: 23.39 / 23.82

✅RSI Exhaustion of selling forces.
✅MM200: At the height of 23.82
Comments
InvestingScope
Solid post, detailed and well written. We have cross-checked this instrument against all key indicators and more or less reach the same conclusion.
ferulianov
@InvestingScope, Thank you! It makes me very happy!!
polarity
You are on point for the bounce
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