SOL has just flashed the strong bearish signal!
Hello, traders!
Solana is following the Bitcoin and has also flashed the strong bearish signal on the 1D time frame.
After reaching the 0.618 Fibonacci retracement of the previous downside impulse price got rejection. Moreover it formed the true confirmed bearish divergence with the MACD, which is the strongest signal in technical analysis.
What about targets? I expect
SOLUSDT price at $17, which coincides with the 0.61 Fibonacci zone of the uptrend impulse.
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Solana is following the Bitcoin and has also flashed the strong bearish signal on the 1D time frame.
After reaching the 0.618 Fibonacci retracement of the previous downside impulse price got rejection. Moreover it formed the true confirmed bearish divergence with the MACD, which is the strongest signal in technical analysis.
What about targets? I expect
SOLUSDT price at $17, which coincides with the 0.61 Fibonacci zone of the uptrend impulse.________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
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