SolanaShort
H&S and $4 possibly in play for SOL?
SOL/USD
Bearish Case (Using Log Chart)
- Masive H&S in play once we break the neck line is it getting closer.
- Strong Resistance currently failing to break the Daily 50MA. 100MA and 200MA not even reached yet.
- Downtrend line from Nov 2021 still in play and we are retesting it only once and failing to break it.
- Bollinger Band tightening, can also go higher stretching the band, but needs to reach a medium of coming back in.
- VPVR shows strong resistance above next down is support is around $3-4 which is also the bottom of the H&S and previous Resistance now turned Support, once breaking downwards.
Bullish Case (would be)
- Can't see any
Thoughts?
Bearish Case (Using Log Chart)
- Masive H&S in play once we break the neck line is it getting closer.
- Strong Resistance currently failing to break the Daily 50MA. 100MA and 200MA not even reached yet.
- Downtrend line from Nov 2021 still in play and we are retesting it only once and failing to break it.
- Bollinger Band tightening, can also go higher stretching the band, but needs to reach a medium of coming back in.
- VPVR shows strong resistance above next down is support is around $3-4 which is also the bottom of the H&S and previous Resistance now turned Support, once breaking downwards.
Bullish Case (would be)
- Can't see any
Thoughts?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.