Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (150.48). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
I've used Modified schiff pitchfork with the markings ( ABC ) seen on the chart and since the outside trendlines mark potential support and resistance, solana managed to take support at pitchfork. Pitchforks are used as part of a popular analysis and trading technique. In essence, there are 3 key elements to it: 2 outside parallel lines that provide support and...
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. ....