Technical Analysis of Daily Price Movement of Solana Cryptocurrency, Friday October 20, 2023.
October 20, 2023 6:22 am
Although currently the bias of Solana cryptocurrency on its daily chart is strengthening and tends to rally, but with the appearance of Ascending Broadening Wedge bearish pattern and the deviation between Solana price movement with RSI indicator, then in a few days ahead Solana has the potential to weaken to the level 17,88 as the first target and if the momentum and the volatility supporting enough, then the level 17,88 as the first target and if the momentum as well as the volatility quite supporting, then level 13,28 will be the second target but all these downward scenario will be invalid and cancel itself if suddenly Solana return to the first bias, especially if it manages to close above the level 26,47.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Although currently the bias of Solana cryptocurrency on its daily chart is strengthening and tends to rally, but with the appearance of Ascending Broadening Wedge bearish pattern and the deviation between Solana price movement with RSI indicator, then in a few days ahead Solana has the potential to weaken to the level 17,88 as the first target and if the momentum and the volatility supporting enough, then the level 17,88 as the first target and if the momentum as well as the volatility quite supporting, then level 13,28 will be the second target but all these downward scenario will be invalid and cancel itself if suddenly Solana return to the first bias, especially if it manages to close above the level 26,47.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: