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Solvecarebtc

Possible bounce on SOLVEThe second trendline got broken and later denied trying to reclaim. 4h frame was also heavily overbought and some dojis and a drop in volume at the top also indicated downwards movement. Now the price is headed back to the initial uptrendline. 1h is showing indecisive candles which could indicate a reversal, it also fits with the trendline. If the price breaks down its back to the drawing board :) Also note that Solve Care will announce multiple things the coming weeks starting today that could influence the price.
by clusterr
Solve new analysis from Bullish and Bearish standpointHello Guys, All things looked great for SOLVE, It was trading in a bullish formation, a big upwards triangle. It technically was in a bull market (golden cross and above the 50 day MA). Yet it failed to produce some upward price action and green volume. There is no real volume to be seen, only at Upbit the SOLVE/KRW pair shows great volume (upwards of 1 million a day) against the 30.000 at Bittrex and 20.000 at KuCoin. Now SOLVE has fallen in value with 25%. There is a chance that the price will continue the drop in the falling channel. Then the price must drop dramatically today or in the next day. This seems unlikely, but there is a small possibility. I think it is more likely that this was a correction and that the target from the break of the triangle has been made. That should result in a break of the channel to the upside (this could also be drawn as a falling wedge with a classic dip below it before braking the wedge). Also on the weekly chart, we are now in a bounce area according to the Stoch RSI. We will get some answers today or tomorrow. I will keep you guys updated. Trade safe! Greetings!
by Cornevdberg
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