Hello,
This is the technical analysis for SOL/USDT on the 4 hours time frame.
After a huge upside in the price action SOLUSDT has started consolidating between 28.9$ and 25$ and a falling wedge is being formed which is a bullish sign since the falling wedge is known to be a trend continuing pattern.
Two scenarios might take place:
The first one is that we play in a traditional falling wedge and we break it to the upside.
the second one is that we break downwards which is not so likely.
In conclusion we have to wait for a breakout and remember not to trade inside a pattern but wait for a breakout.
Your feedback matters! Leave a comment below with your thoughts or questions. Let's keep the discussion going and learn from each other. Happy trading! 🚀😊
This is the technical analysis for SOL/USDT on the 4 hours time frame.
After a huge upside in the price action SOLUSDT has started consolidating between 28.9$ and 25$ and a falling wedge is being formed which is a bullish sign since the falling wedge is known to be a trend continuing pattern.
Two scenarios might take place:
The first one is that we play in a traditional falling wedge and we break it to the upside.
the second one is that we break downwards which is not so likely.
In conclusion we have to wait for a breakout and remember not to trade inside a pattern but wait for a breakout.
Your feedback matters! Leave a comment below with your thoughts or questions. Let's keep the discussion going and learn from each other. Happy trading! 🚀😊
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.