Jota pê353
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Bearish
#solana
The 1-hour chart of Solana reveals interesting things. It shows that a triple top pattern has formed in recent days, but what does this mean?
✅ This chart pattern typically occurs after upward trends;
✅ And when it occurs, it is a sign of possible reversal, especially when other indicators also indicate reversal (volume is widely used);
✅ We are already in a bearish trend, so we should wait for the price to reach its support level around 125$ before making a valid buying decision, but for now, it is a great time to sell your assets and then buy back at a lower price.
Also, check out my latest publication, where I show another analysis that also indicates bearish. No guesses or crazy predictions, just technical analysis of the information.
The 1-hour chart of Solana reveals interesting things. It shows that a triple top pattern has formed in recent days, but what does this mean?
✅ This chart pattern typically occurs after upward trends;
✅ And when it occurs, it is a sign of possible reversal, especially when other indicators also indicate reversal (volume is widely used);
✅ We are already in a bearish trend, so we should wait for the price to reach its support level around 125$ before making a valid buying decision, but for now, it is a great time to sell your assets and then buy back at a lower price.
Also, check out my latest publication, where I show another analysis that also indicates bearish. No guesses or crazy predictions, just technical analysis of the information.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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