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InkyGrip
Apr 15, 2022 7:20 AM

SOLUSDT is testing the 100$ as support Short

BINANCE:SOLUSDT240
SOL / TetherUSBinance

Description

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The price is creating a descending channel after a breakout from the dynamic support on 115$
The price is testing the 100$ support eight now but we could see a new bearish impulse soon

How to approach?
IF the price is going to lose the 100$ support, we could see a new bearish impulse until the 0.886 Fibonacci level, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐
Trend AnalysisHarmonic PatternsChart PatternssupportsupportbreakoutFibonacci RetracementFibonacci ExtensionfibonaccianalysisFibonacci Confluence
Comments
Michael_Winner
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Interesting analysis, appreciate this effort for sol chart
InkyGrip
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@Michael_Winner, excellent feedback thanks mate
AtlasTrades
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thank you so much for hard work, I think you are right and SOL/USD will go down soon
InkyGrip
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@AtlasTrades, thanks to you
BitonGroup
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we doubt it goes below 98. nice TA
InkyGrip
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@BitonGroup, we will wait for the confirmation first
BitonGroup
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@plancton0618, don't you think it may pomp just now? in few hours or a day?
InkyGrip
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@BitonGroup, if the price will break the above structure it might change the scenario, we ll monitor the market for the further price action move
BitonGroup
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@plancton0618, you are right dear. lets see
YMGroup
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Cool SOL/USDT idea buddy, I love your style
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