#SOL analysis
SOL: Monthly close:
Feb : Bearish bar, Double top monthly, more like inside bar
Price is hitting key resistance ..
Weekly:
price is going to test previous week lows
key support area is 21.88 / fib .38 retracement.
Daily: possible h& s.. if it hits upper TB.
It is on lower TB Support if fails then first test is range low area between 20.25..19.50
if fails then we are expected to test next support at $15
if support is held 20.25/19.50 then .38 level retracement, ensures we have a strong uptrend. on breaking upper diagonal we can expect a move to $27.12 first and once broken we are aiming at $32 area.
Feb : Bearish bar, Double top monthly, more like inside bar
Price is hitting key resistance ..
Weekly:
price is going to test previous week lows
key support area is 21.88 / fib .38 retracement.
Daily: possible h& s.. if it hits upper TB.
It is on lower TB Support if fails then first test is range low area between 20.25..19.50
if fails then we are expected to test next support at $15
if support is held 20.25/19.50 then .38 level retracement, ensures we have a strong uptrend. on breaking upper diagonal we can expect a move to $27.12 first and once broken we are aiming at $32 area.
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