Analysis:
Ascending Channel: The price of SOL/USDT is moving within a clearly defined upward channel, with higher highs and higher lows.
Key Fibonacci Levels: The chart highlights Fibonacci retracement levels, particularly around the 0.5 (230.10) and 0.618 (246.62) areas, which serve as potential support and resistance zones.
Current Resistance Zone: The price is approaching a resistance cluster near 246-257 USDT, indicated by the blue box. A breakout above this zone may lead to a rally toward the channel's upper boundary near 265-275 USDT.
Potential Pullback: If the resistance holds, a pullback to the 0.5 Fibonacci level (230 USDT) or the midline of the channel is likely before the next leg upward.
Trend Confirmation: The price remains bullish as long as it stays within the channel, with no signs of a breakdown below the lower boundary near 197 USDT.
Ascending Channel: The price of SOL/USDT is moving within a clearly defined upward channel, with higher highs and higher lows.
Key Fibonacci Levels: The chart highlights Fibonacci retracement levels, particularly around the 0.5 (230.10) and 0.618 (246.62) areas, which serve as potential support and resistance zones.
Current Resistance Zone: The price is approaching a resistance cluster near 246-257 USDT, indicated by the blue box. A breakout above this zone may lead to a rally toward the channel's upper boundary near 265-275 USDT.
Potential Pullback: If the resistance holds, a pullback to the 0.5 Fibonacci level (230 USDT) or the midline of the channel is likely before the next leg upward.
Trend Confirmation: The price remains bullish as long as it stays within the channel, with no signs of a breakdown below the lower boundary near 197 USDT.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.