BARRING NUCLEAR WAR, SOL IS ENTERING SALE ZONE!
Sol is poised for future mass adoption and anything under 140 is an amazing entry, as it stands a the charts are giving us the indication that sol's going to bottom out mid to low 130's but fear and greed might case a sell off hysteria that might push as down further, If we break 130 , we may see mid to low teens. Observing for the bottom as sol will turn around and be above 150 very quickly once support is found.
Waiting for a break at 1 hour and a test on the 4 before I would consider the trend e nullified wh consecutive higher lows
Sol is poised for future mass adoption and anything under 140 is an amazing entry, as it stands a the charts are giving us the indication that sol's going to bottom out mid to low 130's but fear and greed might case a sell off hysteria that might push as down further, If we break 130 , we may see mid to low teens. Observing for the bottom as sol will turn around and be above 150 very quickly once support is found.
Waiting for a break at 1 hour and a test on the 4 before I would consider the trend e nullified wh consecutive higher lows
Nota
Loose prediction , really as it is an alt coin it all follows BTC trend, however the interest in accumulating sol is out there and if we can get a daily and a rejected lower high sending us back into accumulation then look for the higher low on whatever timeframe that the structure happens to appear ( longer is better ) however the market is impatient and structure is ramping up for big moves one way or another, don't fall in love with the idea of the market moving up because of USA elections , it could be a good setup to fake pump and take your equity in the market with lower lows. looking ahead into 2 weeks I can see SOL up around 180 if the accumulation takes place , otherwise expect more pinball plinking off the constrained trend lines as the market moves along
Nota
this is the bullish pattern,. we have the higher high , lower low, followed by the lower high and higher low, to confirm we need a retraction below the higher low to begin looking for the pivot to bring us out of accum. and SOL will very quickly regain earlier levels before the retraction, this will mark an excellent place to take up a long position looking to TP at the 150 sup/res
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140 support being tested and we will quickly see 150. We may range between 140 - 150 depnding on btc holding its value Nota
testing weather we hold our price movement to the upside or weather we see further accumulation
Nota
watching for confirmation on 1hr for levels , we want to lay down a solid candle, especially a doji will confirm our direction Nota
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we are seeing clear signs that above 140 is being sold off currently. upon 1 close , we will need to break trend on a direction and follow price Nota
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flipped resistance for support at 140 on 1 hour Nota
1st target met - potential pennant forming in 1hr , watch for signal on price exit
Nota
Watch for the price to be pulled towards the 4hr price gap where liquidity exists before we can really address more upside movement barring a break in price trend on a higher timescale
git some
Penafian
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git some
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.