$SOL M15
Support / resistance analysis of artificial intelligence
1. General Price Movement: Price movements on the chart show a wavy structure, that is, a decrease is noticeable after an increase. However, the general trend seems to be upward.
2. Support Levels:
- First support level: 184.67 USDT (The price started to rise from this level and found support above this level several times.)
- Second support level: 186.68 USDT (At this level, the price has changed direction upwards several times.)
- Third support level: 183.51 USDT (The low point observed as a reversal point in the price on the left side of the chart.)
3. Resistance Levels:
- First resistance level: 189.32 USDT (The price has fallen repeatedly at this point, indicating that the level is acting as resistance.)
- Second resistance level: 191.17 USDT (Price movements above this level are limited, indicating that the resistance level has also served as resistance in the past.)
- Third resistance level: Since there is no prominent upper resistance level in the current state of the chart, a higher, previously untested level can be specified, such as 195.00 USDT, which is the last high reached by the price and is a psychological resistance that has not yet been tested lower on the chart.
Power Analysis:
- The second support level, 186.68 USDT, has been tested multiple times on the right side of the chart, which qualifies it as a strong support level.
- The initial resistance level of 189.32 USDT was tested by the price multiple times and each test resulted in the price falling below this level; Therefore, it can be considered as a strong area of ââresistance.
Conclusion:
- The general trend of the price is upward, and areas with high transaction volume indicate that support and resistance levels are strong.
- In case of uncertainty, high-volume turning points and regions where the price is consolidated for a long time can be looked at.
