SOLUSD forms positive dynamics after a strong bearish decline correlated with the whole cryptocurrency market. During the week, the price recovered by 36%.
A descending triangle is forming on the chart and after a false breakdown of the limit support level 12.38, the price tends to resistance. A pre-breakdown consolidation is forming, which clearly points us to the "Symmetrical Triangle" pattern, which interprets the situation as a possible continuation of the movement.
The local triangle pattern is formed on the resistance of the global pattern, but at the moment we are seeing a breakdown of the local pattern and a consolidation of the price in the long zone. If the bulls manage to hold the position, we might see a strong rally and a break-up of 14.83 and a move towards us.
Short-term target is resistance at 16.45.
Medium-term target - liquidity zone 18.24
A descending triangle is forming on the chart and after a false breakdown of the limit support level 12.38, the price tends to resistance. A pre-breakdown consolidation is forming, which clearly points us to the "Symmetrical Triangle" pattern, which interprets the situation as a possible continuation of the movement.
The local triangle pattern is formed on the resistance of the global pattern, but at the moment we are seeing a breakdown of the local pattern and a consolidation of the price in the long zone. If the bulls manage to hold the position, we might see a strong rally and a break-up of 14.83 and a move towards us.
Short-term target is resistance at 16.45.
Medium-term target - liquidity zone 18.24
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
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🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.