Technical Analysis of Intraday Price Movements of Solana Cryptocurrency , Friday 28 July 2023.
July 28, 2023 6:24 am
If we look on its 4 hour chart of Solana Cryptocurrency, then there will be a few interesting things:
1. There is a hidden deviation between price with CCI indicator.
2. There is a Bearish Continuation pattern : Rising Wedge.
3. There is 123 bearish pattern follow with penetration of Bearish Ross Hook.
Where all those three things above gave the clue if in the nearest future Solana will continue its downside as long as there is no correction rally upward and break up to the level 24,42, then Solana has the potential to go down to test the last level of bearish Ross Hook at the level 21,84. If this level successfully broken down, then the next level to be address is 20,55 as the first target and level 19,58 as the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look on its 4 hour chart of Solana Cryptocurrency, then there will be a few interesting things:
1. There is a hidden deviation between price with CCI indicator.
2. There is a Bearish Continuation pattern : Rising Wedge.
3. There is 123 bearish pattern follow with penetration of Bearish Ross Hook.
Where all those three things above gave the clue if in the nearest future Solana will continue its downside as long as there is no correction rally upward and break up to the level 24,42, then Solana has the potential to go down to test the last level of bearish Ross Hook at the level 21,84. If this level successfully broken down, then the next level to be address is 20,55 as the first target and level 19,58 as the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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