This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading.
The bear pattern seems to be broken , it's following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of...
This is my points of view about the medium term for $SOL.
Following the downtrend channel, the price has just finished 5 corrective waves and now turns to ABC or ABCDE in accumulation zone.
So, we need to consider about
1/ the breakout zone to get over the downtrend totally (>137), this resistance is very strong.
2/ the resistance zone to confirm the uptrend...
Solusdt is going to retest the support zone. At the support zone, we will see two possible scenarios, which are it may bounce back or see some more selling pressure and my thoughts are about to see some more selling pressure because at the support zone first layer about 126usdt there also the neckline of the chart also waiting to break.
I am bearish to see 79 usdt...
Slowly but surely, the SOL price correction came to an important range of $125-132. Moving in a clear correction channel, the SOL price showed that sellers are not yet ready to take the global initiative into their own hands. This is noticeable both in the trading volumes, which are lower during the correction than during the growth, and in the rate of...
