Support and resistance zone: 202.68-211.77
2025-02-05
Category: None


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(SOLUSDT.P 1D chart)

Since it is a coin that has renewed its ATH, it may be natural for it to fall.

The key is whether it can receive support near the current support and resistance zone of 202.68-211.77.

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This applies to coins where the gap between the HA-Low and HA-High indicators is unusually narrow.

Therefore, if it is supported and rises within the box range of the HA-Low indicator (173.33-218.71), it is expected to rise above the Fibonacci ratio point of 1.618 (297.94).

Otherwise, if it falls, it is expected to re-determine the trend by touching the M-Signal indicator on the 1M chart.

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(SOLUSDT 1D chart)

I think it is also good to hold SOL coins as a long-term investment.

However, I think it is wise to increase the number of coins (tokens) held by increasing the number of coins (tokens) corresponding to profits, if possible, for all altcoins.

The reason is that the volatility is quite large.

I think the only way to stabilize your psychological state in this volatility is to increase the number of coins (tokens) corresponding to profits.

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Thank you for reading to the end. I hope you have a successful transaction.

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- ​​Big picture
I used TradingView's INDEX chart to check the entire range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have been in an upward trend since 2015.

In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.

Accordingly, the upward trend is expected to continue until 2025.

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(LOG chart)

Looking at the LOG chart, you can see that the upward trend is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, I expect that we will not see prices below 44K-48K in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

That is, the Fibonacci ratio of the first wave of the uptrend.

The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.

Therefore, this Fibonacci ratio is expected to be used until 2026.

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No matter what anyone says, the chart has already been created and is already moving.

It is up to you how to view and respond to it.

Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.

The reason is that the user must directly select the important selection points required to create the Fibonacci.

Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

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