SOL Exchange Trading 21-11-29

SOL may retest the 78.6% zone and if it does, that would be a great entry. It went way up into the 50% zone but is now falling back. The Stochastic is at the oversold area so the retracement may not make it back to the 78.6% zone. You could draw a fib on this timeframe and see if it comes back to the 50% zone there for an entry too. I have put that in this chart as well. Sorry for the messy look! Unfortunately, the 50% zone falls at exactly the 78.6% zone. I wanted to leave that in so you can see how smaller time frame analysis sometimes lines up with higher timeframe analysis which I believe gives it more strength.