SOLUSD ❕ another trap?

Solana / USD FTX:SOLUSD

Solldy

Solana , after the change of trend, went down to the downtrend line and broke it again.
The price is moving in a downward channel .
Attempts to break out of the channel happened on candlesticks with long shadows and high trading volumes.
Now the price is trying to break out of the channel again, and trading volumes have increased, if the price will fix above the lower boundary of the channel, I expect it will reach the resistance level afterwards.

You might be interested in …

Trading View May 23, 2022

BTC INDEX 11 year support and resistance

BTC INDEX 11 year support and resistance Bitcoin all time history index INDEX:BTCUSD DavidBradea According to this chart, i think that we already reached the Bear market bottom, in the next months we may be […]

Trading View February 27, 2022

wrx

wrx WRX / TetherUS BINANCE:WRXUSDT vahidzamani67 hi The strategy used in this deal is to identify support and resistance lines Then there is the detection of divergence in the RSI and price indicators This is […]

Trading View April 12, 2022

Bitcoin Monthly RSI Divergence

Bitcoin Monthly RSI Divergence Bitcoin / U.S. dollar BITSTAMP:BTCUSD ImThour Hey Everyone, This is just a simple chart of the Bitcoin RSI Divergence on Monthly Timeframe . You can see this divergence has played everytime, […]