Solana Swing Trading Possibile Directions
Price retraced 44% towards Box 1, indicating a significant correction with great opportunities. We purchased more SOL at the 200 EMA. What comes next?
Scenario A: If BTC can establish its 21 EMA as support, SOL will likely follow suit. Should this occur and in the short term SOL's price experiences a dip, it should find support around the trendline, 21 EMA, and 100 EMA. At this juncture, the RSI is expected to trade above the middle band, signaling upward price action.
Scenario B: If the price retraces back towards Box 1, it will likely find support once again at the 200 EMA. If BTC maintains a slow pace, the price may range between $110 and $160 USD; otherwise, we may witness further upward price movement. The RSI will continue to trade above the middle band in this scenario.
If you have been buying up these corrections with me hit a like.
Scenario A: If BTC can establish its 21 EMA as support, SOL will likely follow suit. Should this occur and in the short term SOL's price experiences a dip, it should find support around the trendline, 21 EMA, and 100 EMA. At this juncture, the RSI is expected to trade above the middle band, signaling upward price action.
Scenario B: If the price retraces back towards Box 1, it will likely find support once again at the 200 EMA. If BTC maintains a slow pace, the price may range between $110 and $160 USD; otherwise, we may witness further upward price movement. The RSI will continue to trade above the middle band in this scenario.
If you have been buying up these corrections with me hit a like.
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.