SOL / TetherUSLong
SOL/USDT Technical Analysis: Channeling Towards Higher Levels
Analysis:
Ascending Channel: The price of SOL/USDT is moving within a clearly defined upward channel, with higher highs and higher lows.
Key Fibonacci Levels: The chart highlights Fibonacci retracement levels, particularly around the 0.5 (230.10) and 0.618 (246.62) areas, which serve as potential support and resistance zones.
Current Resistance Zone: The price is approaching a resistance cluster near 246-257 USDT, indicated by the blue box. A breakout above this zone may lead to a rally toward the channel's upper boundary near 265-275 USDT.
Potential Pullback: If the resistance holds, a pullback to the 0.5 Fibonacci level (230 USDT) or the midline of the channel is likely before the next leg upward.
Trend Confirmation: The price remains bullish as long as it stays within the channel, with no signs of a breakdown below the lower boundary near 197 USDT.
Ascending Channel: The price of SOL/USDT is moving within a clearly defined upward channel, with higher highs and higher lows.
Key Fibonacci Levels: The chart highlights Fibonacci retracement levels, particularly around the 0.5 (230.10) and 0.618 (246.62) areas, which serve as potential support and resistance zones.
Current Resistance Zone: The price is approaching a resistance cluster near 246-257 USDT, indicated by the blue box. A breakout above this zone may lead to a rally toward the channel's upper boundary near 265-275 USDT.
Potential Pullback: If the resistance holds, a pullback to the 0.5 Fibonacci level (230 USDT) or the midline of the channel is likely before the next leg upward.
Trend Confirmation: The price remains bullish as long as it stays within the channel, with no signs of a breakdown below the lower boundary near 197 USDT.
👉 my broker:: bit.ly/HYMCMELI
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.