SOL - Some new TA

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- IO and CVD increased regarding last highs (15.04.) but price has not broken Local Daily line. This means Big Money is shorting the Local Daily and absorbing Longs.
- Price is going up while Volume (OBV and AD) is decreasing in almost every time frame. Again. Big money is selling heavily to the Longs. The probability that Whale Sellers get exhausted is high too!
- 1H:
  • Grey line would be a nice Short if we can catch it.
  • Price on 0.78 Fib.
  • Risky...


1H Chart : snapshot
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That POC level is a key level .
Nice scenario would be: if POC gets broken and retested. Perfect Short Scenario.
snapshot
Note
Buyers are really absorbing the sellers on the lower light blue TL. Look at footprint image.
106 k Vol and -21k Delta couldn't bring the price down.
So many hidden/limit buys.
Some are buying heavily. At least at lower TF and locally.
snapshot


A higher high in CVD, OBV or AD would be nice bearish sign if the price reaches upper yellow TL.
Price LH ---> Volume HH --- Bearish. In this case it would be an absorption or exhaustion depending on OI (Net Shorts & Longs)
snapshot
Note
A H&S at higher TF could be possible too. We are ready to short below POC or long above hVn or loc Daily :)
snapshot

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