A lot of progress in $SOL DAILY chart but still in a no-go zone as I stick to my rigid rules set out in my last analysis, published 8 days ago. What happened since?
GOLDEN POCKET no longer a resistance zone, has been flipped into hard support and potentially my STOP LOSS protective pillow.
HIGHER LOW has been established, now time for a BULLISH market structure change.
Fibanacci-wise, the 0.5 fib level at $206 is in confluence with a horizontal level of resistance, JULY and AUGUST hard rejection levels. I live off confluences of this kind.
Short-term momentum 50 MA (yellow at $212.9 atm) will be the key test of intent in case of a BREAKOUT above $206.
MACD bullish crossover, check.
Volumes are not satisfying, at all. This is a major confirmation for me, always, so it's simple really.
LONG the BREAKOUT above $206 if volumes confirm the move.
FOMC soon, so I would need one more reason to enter, BULLISHNESS against BITCOIN or $ETH and next posts are going to be on that subject.
💙👽
GOLDEN POCKET no longer a resistance zone, has been flipped into hard support and potentially my STOP LOSS protective pillow.
HIGHER LOW has been established, now time for a BULLISH market structure change.
Fibanacci-wise, the 0.5 fib level at $206 is in confluence with a horizontal level of resistance, JULY and AUGUST hard rejection levels. I live off confluences of this kind.
Short-term momentum 50 MA (yellow at $212.9 atm) will be the key test of intent in case of a BREAKOUT above $206.
MACD bullish crossover, check.
Volumes are not satisfying, at all. This is a major confirmation for me, always, so it's simple really.
LONG the BREAKOUT above $206 if volumes confirm the move.
FOMC soon, so I would need one more reason to enter, BULLISHNESS against BITCOIN or $ETH and next posts are going to be on that subject.
💙👽
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SOL
142.11
+4.58%
BTC
91,432
+5.62%
ETH
3,025.43
+4.49%