It retested the previous resistance and took support from there Long only above 173.5 on daily closing for the said target. Do your own analysis and know the risk involved before execution
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. ....