Hello everyone, let's take a look at the SOL to USDT Chart on the 4H Interval. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 102 if the support is broken, the next one is $ 92 and another one at $ 78.
Now let's move on from the resistance line, as you can see, the first resistance is $ 106 which the price is currently struggling with, if it manages to break it, the next resistance will be $ 113 and $ 119.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has already been used.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 102 if the support is broken, the next one is $ 92 and another one at $ 78.
Now let's move on from the resistance line, as you can see, the first resistance is $ 106 which the price is currently struggling with, if it manages to break it, the next resistance will be $ 113 and $ 119.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has already been used.