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SOLANA, SHIBAINU AND DENT



Solana, like many Altcoins in the last few days, suffered heavy losses, but recovered quickly and hit our green 12H support zone perfectly. At the same time we tested the monthly support 

We are currently at USD 215.00 forming a possible Inverse Head & Shoulders chart pattern on the 4H chart. It is also bullish that we have confirmed the 200 SMA (last 200 average candles on the 4H chart/purple) as support again.

Now it is important that we can still develop the right shoulder of our chart pattern a little and then, with a significantly increasing trading volume, break through the resistance upwards and rise towards the monthly resistance R1.

ShibaInu is also running out of breath the last few days. After we were still in the middle of the hype two weeks ago and SHIBA made one high after the other, we are now in a quieter phase.

On the 4H chart we can see that we have broken our golden pocket (0.618 - 0.65 Fib. Retracement level) of the upward movement and even moved towards 0.786.

Here we have first found support and now have to break through the golden pocket and the 200SMA on the 4H chart. For this we need significantly more volume so that we can rise again towards the all-time high. In case this should happen again after such a hype.

After DENT had had some strong weeks recently, there has now also been a significant cooling. We are currently at around USD 0.0062 and have already tested our green support zone at around USD 0.0055.

Now we have the monthly resistance P in front of us and at the same time our large resistance zone. Here we also need significantly increasing trading volumes in order to break through these zones and confirm them as support.

Another reset in our support box would be possible again to get new momentum and to create a trend reversal.

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