Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Tuesday April 18, 2023.
April 18, 2023 7:25 am
Even though the Solana Crypto currency on the 4-hour chart looks trying to be corrected back to its initial bias to test the 23.92 level, however, with the emergence of deviations between the Solana price movements and the Awesome Oscillator indicator, it confirms that there is a potential for a decline in Solana in the near future where the 22.87 level will try to break to the bottom and if successful then the next level area 22.14-21.71 will be the main target to be aimed at and the level area 21.05-20.31 will be the next target to be tested if the momentum and volatility are sufficiently supportive where during the journey towards the targets that have been set As previously described, there was no significant upward correction movement beyond the level of 25.11 because if this happened all the scenarios previously described would become invalid and cancel themselves.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Even though the Solana Crypto currency on the 4-hour chart looks trying to be corrected back to its initial bias to test the 23.92 level, however, with the emergence of deviations between the Solana price movements and the Awesome Oscillator indicator, it confirms that there is a potential for a decline in Solana in the near future where the 22.87 level will try to break to the bottom and if successful then the next level area 22.14-21.71 will be the main target to be aimed at and the level area 21.05-20.31 will be the next target to be tested if the momentum and volatility are sufficiently supportive where during the journey towards the targets that have been set As previously described, there was no significant upward correction movement beyond the level of 25.11 because if this happened all the scenarios previously described would become invalid and cancel themselves.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: