Same as SNX, we have seen a falling wedge breakout. However this pair has held up better than SNXUSD. Also a potential bounce of a strong HTF trendline.
Hard brake trend line for SOL. Stuck between descending trend, rising line and 0.5 Fib. Wait for break out or touch the rising line.
Up: $15,36
Down : 0,236Fib $11, 40
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (8.18). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. SOLUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
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