SOL, THE POWER OF THE SUN WITHIN MY HAND
Updated
Did I get the spiderman line right? It must be close to that.
idk.
Either way, a neat trend setup on SOL to share.
A drop to 83 can spike to 115.
This is per technicals.
I would say there is a greater than 50% chance we see a move to the upside soon on this trend break, and then a big retracement down to the mega trend, but again, it doesn't have to go anything like that.
Either way, expect support at mega trend or just below mega trend, which is a great buy zone. Expect a move to the upside on the breakout of the smaller trend.
Resistance comes in around 115. It doesn't have to get to 83 before it goes up, it can break trend before. However, it can also go down lower before the breakout, watch the trend.
Good luck
Quick chart as I'm trying to get more earnings charts done for the week.
idk.
Either way, a neat trend setup on SOL to share.
A drop to 83 can spike to 115.
This is per technicals.
I would say there is a greater than 50% chance we see a move to the upside soon on this trend break, and then a big retracement down to the mega trend, but again, it doesn't have to go anything like that.
Either way, expect support at mega trend or just below mega trend, which is a great buy zone. Expect a move to the upside on the breakout of the smaller trend.
Resistance comes in around 115. It doesn't have to get to 83 before it goes up, it can break trend before. However, it can also go down lower before the breakout, watch the trend.
Good luck
Quick chart as I'm trying to get more earnings charts done for the week.
Note
I was pretty off on this chart, however, the bullish movement was nice to see. I was hoping we'd hit the buy zone before the spike, but I didn't call that right. Either way, that 83 price is a good buy target in case we see a drop. Remember, you can always wait until a price goes under a buy target and then buy it when it starts to head up at the same buy target because it offers a better trade and less risk.
Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Related publications
Disclaimer
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.