SOLANA bounce after retracing to 61.8% Fib. which coincided with the 200 VWMA (thin orange line) on the hourly (note: Thick Orange Line is the 200 SMA).
Higher high on the hourly set, hinting on a possible reversal of the short-term downward trend.
Waiting for potential bull flag breakout vs. BTC.
Ichicloud on the hourly turned bearish though, but will continue to hold. Stop limit set below the 65% Fib level.
Bearish cross of the Red 21 EMA vs. the green 50 SMA on the 4 hourly will be averted if SOL continue to remain above the 50 SMA, after having bounced off of it.
PRISM Oscillators indicated a bullish diversion on the acceleration oscillator.
A more confident short-term bullish outlook will be secured if SOL returns above the red 21 EMA on the 4 hrly, and stop-limit might then be updated (raised) to just below this level accordingly.
Higher high on the hourly set, hinting on a possible reversal of the short-term downward trend.
Waiting for potential bull flag breakout vs. BTC.
Ichicloud on the hourly turned bearish though, but will continue to hold. Stop limit set below the 65% Fib level.
PRISM Oscillators indicated a bullish diversion on the acceleration oscillator.
A more confident short-term bullish outlook will be secured if SOL returns above the red 21 EMA on the 4 hrly, and stop-limit might then be updated (raised) to just below this level accordingly.
Trade closed: stop reached:
Stopped limit at ~0.0018 BTC triggered. Will seek to buy in at lower price. Next strong support at ca. 0.00169 BTC.
Stopped limit at ~0.0018 BTC triggered. Will seek to buy in at lower price. Next strong support at ca. 0.00169 BTC.
Comment:
Possible next target of re-entry:
Comment:
Comment:
Continue to get rejected by the red 21 hourly EMA
Bullish divergences appearing on the aj-ribbon though, to note.
Bullish divergences appearing on the aj-ribbon though, to note.
Comment:
Rejection at the 23.6% Fib lvl.
Comment:
Bearish "m-pattern" double top after rejected by the descending line drawn just broken down below present support line: