SOL/USD
Bearish Case (Using Log Chart)
- Masive H&S in play once we break the neck line is it getting closer.
- Strong Resistance currently failing to break the Daily 50MA. 100MA and 200MA not even reached yet.
- Downtrend line from Nov 2021 still in play and we are retesting it only once and failing to break it.
- Bollinger Band tightening, can also go higher stretching the band, but needs to reach a medium of coming back in.
- VPVR shows strong resistance above next down is support is around $3-4 which is also the bottom of the H&S and previous Resistance now turned Support, once breaking downwards.
Bullish Case (would be)
- Can't see any
Thoughts?
Bearish Case (Using Log Chart)
- Masive H&S in play once we break the neck line is it getting closer.
- Strong Resistance currently failing to break the Daily 50MA. 100MA and 200MA not even reached yet.
- Downtrend line from Nov 2021 still in play and we are retesting it only once and failing to break it.
- Bollinger Band tightening, can also go higher stretching the band, but needs to reach a medium of coming back in.
- VPVR shows strong resistance above next down is support is around $3-4 which is also the bottom of the H&S and previous Resistance now turned Support, once breaking downwards.
Bullish Case (would be)
- Can't see any
Thoughts?