There is a huge gap between SOL and 200 EMA. Indicates a large price range. My prediction is that SOL prices may fall slightly in the future with the rise of BTC.
My technical reason for this is that I guess SOL has now taken the form of a 1D large triangle, and that some people who traded with SOL are allocating money to trade with other ALT Coins as the BTC...
based on my analysis on today's candle, sxp indicates a price drop based on 2 reasons. first, the there's a downward ABCD pattern. and second, today's candle is an engulfing bear candle. consider to sell short and take profit on the number i marked. i wish it could help your decision and i wish y'all good luck.
Hi, dear subscribers!
After a sudden price drop 3 days ago from levels $10,100-$10,200 to $9,280, buyers did not let sellers lower the price. Now the price is in correction movement at $9,700. We analyzed the rapid drop in the previous review:
We can talk about...
There are a lot of candlesticks with wicks on it's top and they are creating what it seems to be a descending triangle. Oscillators are located at the overbought section, and all this together might be pointing to a price drop within the next hours.