Alikze »» SOL | Ascending channel - 1D
2024-12-28
Category: None

🔍 Technical analysis:  Last corrective leg, to the order block area 

📣  BINANCE:SOLUSDT   was analyzed and reviewed in the  4-hour  and  8-hour  time frames in previous posts, which touched their targets.

🟢 It is currently moving in an ascending channel on the daily time frame, which is correcting again to the bottom of the descending channel after reaching the channel ceiling and an unsuccessful breakout.

🟢 Given the current corrective structure, it can have two movement scenarios.

💎 Scenario 1: If it cannot break the red box area, it can continue the correction to the order block area.

💎 Scenario 2: If the red box area is not broken, the correction to the bottom of the channel and with a lower leg, it can meet demand and retest the previous ceiling.

🔔 If the behavior and structure change, the post will be updated.
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
