#SOLANA/ Falling from one of these resistances

2 lug 2024

Solana can start falling again from one of the resistances of 148.07 or 169.15-174.22.
Falling targets in order from short term to long term:
Target 1: 120.47
Target 2: 94.47
the STOP-LOSS growth scenario is a break of the slower BEARISH trend-line in the daily time-frame

2 lug 2024

Nota

Considering the possibility of confirming the HIGH divergence in the MAcD indicator in the 4-hour time-frame, there is a possibility of falling from this range, which is a very important resistance!
The condition of falling can be the breaking of the BULLISH channel of the last move

2 lug 2024

Nota

Open a SELL position with this channel
If it breaks down the head and shoulder channel in the 1-minute time-frame, the fall can continue from this area.

3 lug 2024

Nota

Solana started falling exactly from the BEARISH trend-LINE that I mentioned in the analysis
Pay special attention to the trends if they are drawn. Trends are important LEVELS for price reversals!
In the continuation of the fall, the divergence of the HIGH was also confirmed in the 4-hour time-frame
Both on the basis of divergence and based on the levels of the pivot indicator, the next targets of the fall can be obtained. which is specified in the figure.

4 lug 2024

Nota

Based on the latest analysis, the 1st pivot target and the 1st divergence target were achieved