SOL / TetherUS
Short

Major Correction before trying to overtake ETH?

244
This time, we’re looking at the Solarna chart. As you can see, we have a very large overarching yellow structure, and our interim breakout was stopped at the resistance line. On the right, I’ve included an image from a smaller timeframe, and as you can see, we’re currently managing to position ourselves within the reversal zone, also known as the XY level, in a turquoise structure.

I strongly believe this level will push us down into the target levels. Within these target levels lies our overarching yellow XY level. This marks a very attractive area where Solarna has a good chance to regain strength, complete the sequence to the upside, and aim for the $300 mark.

Will this be enough to dethrone Ethereum? Only time will tell.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.