CRYPTOCAP:SOL seems to be overbought on the daily tf, a head and shoulder pattern has also formed on the 1hr tf to serve as a confluence. If you use the parallel channel tool, sol has reached its peak on the channel. Chances are high that we might see a drop down to $19-$16, as the daily candle seems to be closing with a reversal candle, close the opening which...
AXS seems to be following the ascending channel and trend line clearly. From my bias I think we’ll have a liquidity sweep to fill up the imbalance at $5.8 -$5.25, which will create an upward movement. Market structure still looks bullish on the 4hr tf.
Long position between $5.8-$5.725 while we target $6.4 as our TP.
#NFA #DYOR
