SOL Both scenarios are valid! SOL is still bullish
SOL is in a critical zone. The price is still inside a large bullish pattern and as long as it stays inside the pattern, the trend remains bullish and SOL should follow the bullish scenario.
The bullish targets are at 205, 214 and 224
It may happen that the FOMC will bring surprises, so if SOL manages to break below the pattern, it will activate the bearish scenario after that and the chances of falling will increase further as shown in the red scenario.
The bearish targets are at 160 and 139
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
SOL is in a critical zone. The price is still inside a large bullish pattern and as long as it stays inside the pattern, the trend remains bullish and SOL should follow the bullish scenario.
The bullish targets are at 205, 214 and 224
It may happen that the FOMC will bring surprises, so if SOL manages to break below the pattern, it will activate the bearish scenario after that and the chances of falling will increase further as shown in the red scenario.
The bearish targets are at 160 and 139
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Trade active
📣SOL: Confirmed the downward scenario and has already fallen by almost 8%
From our analysis, SOL broke away from the pattern and confirmed the downtrend, increasing the chances of further declines.
After a small retest, SOL fell by almost 8%. Even if the price moves up again to test the red zone near 176, it should fall further, as the bearish scenario is indicating.
Considering that BTC has already fallen due to profit taking or something else, it may be possible for the downtrend to continue from this area.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.