Hello everyone, let's take a look at the SOL to USDT chart on a one-day time frame. You can see how the upward movements have created an upward trend channel, in which we remain for now.
Going further, we can mark a strong resistance zone from which the price has gone up and is currently struggling to positively test this level, which may then result in an upward movement towards $156, and then we have visible resistance around $204.
Looking the other way, if the price falls below the previously indicated zone again, we have a visible support at $103, then a second support at $92, and a third support at $79.
Looking at the RSI indicator, we can see that for the second time we have bounced from a similar place, which creates a support line, while the STOCH indicator remains near the upper limit, so we should be cautious.
Going further, we can mark a strong resistance zone from which the price has gone up and is currently struggling to positively test this level, which may then result in an upward movement towards $156, and then we have visible resistance around $204.
Looking the other way, if the price falls below the previously indicated zone again, we have a visible support at $103, then a second support at $92, and a third support at $79.
Looking at the RSI indicator, we can see that for the second time we have bounced from a similar place, which creates a support line, while the STOCH indicator remains near the upper limit, so we should be cautious.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.