BINANCE:SOLUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#SOL is moving in a different based range zones since 17th September. There are some similarities between this zones and movement ! - On every range zone, There was a deviation below the zone and it's went to retest the swing low level for it. - After a retest on the range high zone, It's went back to the range low level. - All of them have the based mid-rang S/R zone as an affective level on chart. - After a retest on the swing low level, There's a same scale for uptrend to the next range !
📚 Now based on given data above, I'm expecting another leg up on #SOL's chart to the same scale level located at $295. Also it's logical level for public trades and they would set their ASK near to that level below $300. - Based on FIB extension levels, 0.718's FIB level is located near to $295 too !
📊 But along with the fractal idea, There are some other factors that can make #SOL aggressive bullish in short-term : In another view, We have the ascending channel and the Support level and support zones. Based on the current retest of support level, There's a chance for the #SOL to continue the movement and limit the downtrend here !
📑 Conclusion : There's a repetition on range zones on 4H's time-frame, Which lead #SOL to $295 after a retest on swing low level. But also there's will be another aggressive bullish movement, Which is need to be confirmed by a hold above the resistance zone on 1H's time-frame.
Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision.
#BTC has formed a bearish pennant and it's breaking the lower line now ! Based on the technical logic, After breakdown confirmation; We'll face another to 63K and 61K's supports...
But it's not confirmed yet.
Comentarios
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Have a look on my recent exclusive analyze for BTC
Great observation & detailed analysis !! Followed for more such content :)
Helical_Trades
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@majoshsg, Thanks for the support dear :D Hope I can share more and more...
CobraVanguard
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exceptional analysis, keep it up
Helical_Trades
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@T_V_TreeTrader, Thanks my dear !
EdgarTigranyan
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here is my version. please follow and like since it is my new channel
Blackmind28
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I'm waiting for it on 220💛
vaptorx
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You could buy Sol for $3 one year ago, right now is way overpriced
Helical_Trades
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@vaptorx, You was able to buy #BTC at $0.86 but I don't think that you bought it... Everything in the past is memory and I don't like to trade my memory !