SOLUSD - SOL has moved above the SUPPLY LINE, this is a good sign in my experience. BUT clues of a potential reversal are showing. Stoch RSI and RSI are in the oversold quadrant. Although these indicators can be misleading, it is still a technical to be put into perspective.
In Elliot Theory - This could be our 5th minor wave up, but you can never be sure about Elliot as he likes to mix signals.
If candles start closing under the DEMAND LINE, this could be a clue that SOL will be headed toward a larger time frame 3rd wave down.
- Not Financial Advice -
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.