Solusdtsignal
SOLUSDT ! Broke rising wedge pattern, looking very bearishHello traders 👋
On Aug 18, downtrend line broke rising wedge pattern. Therefore, it is more than likely downtrend line will continue. It confirms my trading analysis that I did on aug 9. After rising wedge pattern tests resistance line, it formed strong downward price movement. The sellers were waiting for the pattern to break the support line and they ordered sell orders which executed once orders had been confirmed. There were a lot of sell orders. As rise of DXY, it might not have a good impact on crypto market. Also to confirm there is a downtrend, 50 and 200 EMA curving downward.
SOLUSDT, Will it Sell or BuyHello Tradingview family,
This is my analysis and prediction on the SOLUSDT. At this current point I can't really give a clear verdict on it's next line of action, but which ever way we shall follow. With my trading strategy if the current candle can close as a bearish candle forming an evening Star then it's a sell market for SOLUSDT but if otherwise then we wait.
Let me know your thoughts and analysis through the comment section. Please don't forget to like, comment and follow so you will know when next I drop another analysis.
Thank you,
Johntr_na