By analyzing the 4H chart of SOLUSDT we can see that after it reached 87.67 two days ago, it dropped all the way to 82.65, back inside the lower 4H FVG, after that it bounced back up, reaching 85.83, just below the upper 4H IFVG Low which is at 85.90 and then started consolidating, currently being traded at 85.33.
I expect Solana to retest the upper 4H IFVG and go inside it, retesting the C.E. at 86.50, and if it goes above it and stabilizes there, it could go above the FVG High to sweep the liquidity above the 86.67, then go back down to the IFVG High, and bounce back up then afterwards towards the Bearish Breaker.
Targets: 86.00, 87.00, 88.00, 89.00.
However if it fails at retesting the IFVG, first target will be at 84.00, and then to the FVG high at 83.08. If it fails to stay above the FVG C.E. at around 82.42, it'll drop further to the 81.77 level.
I expect Solana to retest the upper 4H IFVG and go inside it, retesting the C.E. at 86.50, and if it goes above it and stabilizes there, it could go above the FVG High to sweep the liquidity above the 86.67, then go back down to the IFVG High, and bounce back up then afterwards towards the Bearish Breaker.
Targets: 86.00, 87.00, 88.00, 89.00.
However if it fails at retesting the IFVG, first target will be at 84.00, and then to the FVG high at 83.08. If it fails to stay above the FVG C.E. at around 82.42, it'll drop further to the 81.77 level.
Trade geschlossen: Ziel wurde erreicht
As you can see, Solana reached all of our 4 targets, breaking above the Bearish Breaker and reaching a high of 90.53, before dropping again, reaching 89,53 once more, being rejected by the breaker and currently is being traded at 88.50.Solana will most likely drop back to the 4H IFVG below it and should it stabilize above the IFVG C.E. it can bounce back up once more towards the Breaker.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.