[Updated at 16:30 on 05/12/2024] SOL: As mentioned in the previous technical analysis (02/12/2024) - the price has reached the support range of 214 - 216 and found support at 214 - 215. With the RSI on the DAILY and WEEKLY timeframe still having quite a bit of "ROOM" to surpass the Overbought level - The second wave of SOL could push the price up to 300u and this price range will become a psychological resistance for SOL. Acceptable stop loss for LONG position: <217. $SOL #Write2Win #trend
[Updated at 13:30 on 04/12/2024] BTC The price is being held steadily above the Support line. Additionally, the price has touched Resistance multiple times within a short period (4 times/8 days) => the possibility of breaking through Resistance may occur => This is a common price behavior in terms of Technical Analysis. To continue the upward momentum, BTC needs to create a High-Low pattern on the 4-hour chart to have a reasonable bounce. Target price: 110000 #BTC☀ #write2win #ptkt #chart $BTC
Sol - regarding Technical Analysis - the bears are controlling the market - with all short-term indicators on the 4h frame (ma 12 and ma 26v) and long-term indicator (ma 50 -) all above the price - The nearest support for Sol is considered: 214 - 216 matching with ma200 daily #sol #solusdt #Write2Win