The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Solana
Although EMA(50) position is below EMA(200), but with RSI(14) condition is in the Neutral-Bullish level and the appearance of a Bullish Divergence, there is potential for Solana to strengthen toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 89.11
2. Resistance. 1 : 87.36
3. Pivot : 85.94
4. Support. 1 : 84.19
5. Support. 2 : 82.77
Tactical Scenario
Positive Reaction Zone: If Solana breaks out above 87.36, there is a likelihood of a move up toward 89.11.
Momentum Extension Bias: If 89.11 is broken, 90.53 becomes the next target.
Invalidation Level / Bias Revision
The upside bias weakens if Solana falls below 82.77.
Technical Summary
EMA(50) : 86.05
EMA(200): 86.24
RSI(14) : 52.31 + Bullish Divergent
Economic News Release Agenda:
From the United States only two economic releases are scheduled:
US - Revised UoM Consumer Sentiment - 21:00 WIB
US - Revised UoM Inflation Expectations - 21:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
