Hello everyone, let's take a look at the SOL versus USDT chart over the 4 hour timeframe. As you can see, the price has broken the downtrend line and is above it.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38.92, if the support breaks down, the next one is $ 36.49 and $ 34.43.
Now let's move from the resistance line as you can see the first resistance is $ 42.78, if you can break it the next resistance will be $ 48.40 and $ 54.08.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used up and is slowly bouncing back, while the MACD indicator shows a local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38.92, if the support breaks down, the next one is $ 36.49 and $ 34.43.
Now let's move from the resistance line as you can see the first resistance is $ 42.78, if you can break it the next resistance will be $ 48.40 and $ 54.08.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used up and is slowly bouncing back, while the MACD indicator shows a local upward trend.