The horizontal line in red is the SELL resistance.
The horizontal line in green is the BUY resistance.
The price pattern in blue is from August 10th to August 27th, 2023.
According to the chart, if we break the BUY resistance, the price of SOL could drop to 18 and 16 USD.
However, we should keep an eye on the price action and price levels. Better trading ideas could come from them.
Most importantly, the market is always changing, so it is important to trade safely with risk management.
The horizontal line in green is the BUY resistance.
The price pattern in blue is from August 10th to August 27th, 2023.
According to the chart, if we break the BUY resistance, the price of SOL could drop to 18 and 16 USD.
However, we should keep an eye on the price action and price levels. Better trading ideas could come from them.
Most importantly, the market is always changing, so it is important to trade safely with risk management.
Nota
At the moment SOL is following BTC price. BTC
SOL
SOL could continue the price drop if it can break the buy resistance
In the meantime, keep monitoring the price of BTC:
Nota
Nota
As always, stay safe (by practicing risk management) and stay vigilant (by monitoring the price action/resistance levels).Happy trading, and may the force be with you.
Nota
Nota
Nota
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.
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.