SOL/USDT IN COMING DAYS!

٢١ يوليو ٢٠٢١

Hi every one
SOL / TETHERUS

SOL/USDT has formed a Reversed Cup and Handle! this pattern is of course bearish and there are a lot of bearish signs as well! the chart is in Daily timeframe and the 20 EMA has crossed It's two bigger EMAs (50 and 100) . as you know whenever small moving crosses the bigger moving the trend is gonna be become bearish. there is also a bigger bearish sign! as you can see the price crossed 200 EMA as well which is a Extreme Bearish sign and It means pretty much the price is gonna Dump a lot! the price has already done the bearish break out so the price can move as much as the length of the cup pattern which means the price can go down all the way to 9.4!

summery:
-SOL/USDT has a lot of bearish signs!
-a Reversed cup and handle is visible (bearish)
-Small EMA has crossed bigger EMAs (bearish)
-price has crossed 200 EMA (bearish)
-bearish break out has already happened
-Strong support and mid term target : 9.4


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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck