After breaking below 200 and 100 ema on D TF at the level 22.6$ that was standing as support, retest of that support level, that is now is a resistance, could tell us about the confirmation of the continuation of the downtrend.
Currently #SOL looks pretty bearish, and I expect continuation of the downtrend towards to 18.36$ (where we have W FVG) and then to 14.95$ and probably below towards to 5 -8 $ per coin, if it wont manage to hold above M FVG level or 14.95$ (n.1)
If the coin will manage to stand above M FVG, then high probably that it will return to 18 - 19$, where it will be important to see the break above 19$ to continue its uptrend towards to 22- 25$ (n.2)
Or another scenario is that SOL comes to W FVG 18.36$, bounces and comes back to 22 $ to continue its uptrend. (n.3)
Currently #SOL looks pretty bearish, and I expect continuation of the downtrend towards to 18.36$ (where we have W FVG) and then to 14.95$ and probably below towards to 5 -8 $ per coin, if it wont manage to hold above M FVG level or 14.95$ (n.1)
If the coin will manage to stand above M FVG, then high probably that it will return to 18 - 19$, where it will be important to see the break above 19$ to continue its uptrend towards to 22- 25$ (n.2)
Or another scenario is that SOL comes to W FVG 18.36$, bounces and comes back to 22 $ to continue its uptrend. (n.3)
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