May 15 BTC/SOL Operational Analysis - Love in the Summer, the Last Boarding Opportunity in the Weekly Bull Market!
Last night, the market adjusted again, and we have once again secured a long position in SOL, from 173 to our second take-profit point at 177.7. As we return to a range-bound market, are you losing confidence again? Today, let's discuss from the weekly chart why there is a last opportunity to board here.
First, on the weekly moving averages, we are testing the previous high here. We just need to wait for this week and next week to close with bullish candles; this will complete three consecutive bullish weeks, which will open up the BOLL. This will lead to a main upward trend at the weekly level. On the MFI and CCI indicators, the MFI is approaching 50 again, and the CCI is back around 100; this indicates the trend before the weekly breakout. Additionally, on the OBV, we are seeing an increase again. Therefore, there is a last opportunity to board at the weekly level recently.
First, on the weekly moving averages, we are testing the previous high here. We just need to wait for this week and next week to close with bullish candles; this will complete three consecutive bullish weeks, which will open up the BOLL. This will lead to a main upward trend at the weekly level. On the MFI and CCI indicators, the MFI is approaching 50 again, and the CCI is back around 100; this indicates the trend before the weekly breakout. Additionally, on the OBV, we are seeing an increase again. Therefore, there is a last opportunity to board at the weekly level recently.
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BTC
103,387.35
-0.53%
SOL
168.56
-2.40%
