SOL - USDT 4HChart, resistance and support zones
Hello everyone, let's take a look at the SOL versus USDT chart over the 4 hour timeframe. As you can see, the price is moving below the downtrend line.
Let's start by marking the support line and as you can see, when the price starts to fall, we have a support zone from $ 28.42 - $ 27.73.
Looking the other way around, the price is currently at the beginning of the resistance zone, which is between $ 28.95 - $ 30.25.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD incidentator indicates that the blue line crosses the red one from the bottom, which confirms the trend shift into an uptrend.
Let's start by marking the support line and as you can see, when the price starts to fall, we have a support zone from $ 28.42 - $ 27.73.
Looking the other way around, the price is currently at the beginning of the resistance zone, which is between $ 28.95 - $ 30.25.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD incidentator indicates that the blue line crosses the red one from the bottom, which confirms the trend shift into an uptrend.