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Bearish Signal Flashing on
SOLUSDT, What Signals Are Showing?
Let’s Break It Down..
On the daily timeframe, Solana has formed a double top pattern, followed by a neckline breakout, which is a classic sign of a potential shift from a bullish to a bearish trend.
This breakout was confirmed by a break of the bullish trendline, accompanied by rising selling volume, which reinforces the bearish momentum. Adding to this, a bearish divergence has appeared on the stochastic oscillator. Bearish divergence occurs when price makes higher highs while the oscillator forms lower highs, signaling weakening buying pressure and increasing the likelihood of a reversal.
Given these technical signals, the price is likely to continue moving lower toward the first target at 134.13, with a possible extension to the second target at 114.96.
This bearish outlook remains valid as long as the price stays below the key stop-loss level at 180.26.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana.
Bearish Signal Flashing on
SOLUSDT, What Signals Are Showing? Let’s Break It Down..
On the daily timeframe, Solana has formed a double top pattern, followed by a neckline breakout, which is a classic sign of a potential shift from a bullish to a bearish trend.
This breakout was confirmed by a break of the bullish trendline, accompanied by rising selling volume, which reinforces the bearish momentum. Adding to this, a bearish divergence has appeared on the stochastic oscillator. Bearish divergence occurs when price makes higher highs while the oscillator forms lower highs, signaling weakening buying pressure and increasing the likelihood of a reversal.
Given these technical signals, the price is likely to continue moving lower toward the first target at 134.13, with a possible extension to the second target at 114.96.
This bearish outlook remains valid as long as the price stays below the key stop-loss level at 180.26.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana.
Dagangan aktif
- Retested on the neckline structure- And formed a Bearish Marubozu Candlestick
- Signal a continuation of the medium term bearish trend
Dagangan ditutup: sasaran tercapai
Finally, it hit the first targetWe remain bearish on altcoins
Due to recent breakout of the structure
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.