$SOL 20DMA Breakout 200DMASolana 20DMA has crossed the 200DMA.
Last time this happened October 2023 it ripped nearly 900%
Waiting for the daily close above $180 which would invalidate its bearish trendline.
Then we’re off to the races 🏇
20dma
Timing the market. IWMWhat we know? Oil is likely bullish in 2nd Half (24'). BTC leads the small caps. TNX usually works as a head wind (and has took a pause). Rate cuts are very bullish for small caps and financials benefit in this environment?
technically; the 20dma works as a driver. 50dma and 200dma just gives you context. You can add MACD to confirm things.
Im speculating that small caps breaks out in mid April.
U can fact check using IWM/SPX.
Nifty following 20DMAIt has been observed that Nifty is following 20DMA very precisely. Buy on dip seems good option. Thinking to buy for 11800 target with SL bottom of red candle.
High & Tight is a bears NuanceHigh & tight pennant off that 20dma, which has been significant the whole run up. Options are fairly priced in the 17th percentile of its 52wk range. Shares are trading above the 2012 high and double the March 2020 low. Large call open interest at the 29-strike expired Friday giving room to run. Short-interest is also at a 3-year high and looks ready to roll over. We're long the Oct 28c's from Friday afternoon.
