fatdelight

SOLUSD - at a critical point

FTX:SOLUSD   Solana
We all know SOL has had a massive rally. That said, it could do it once again if it breaks out on the upside. It really is in a critical zone right now. One of the above two possibilities can happen.

CCI/RSi/MACD aren't telling me anything yet. However, I could see that 20EMA is (kindof) acting as a support and resistance at various points. The current 4h candle seem to be going below the 20EMA support line and I do feel it might pull back within the channel to 23.6 fibs level before going further down. I am watching this carefully, before picking up a trade myself.

I would also be happy to load up on my hodl pf if it goes down to $100. Not a financial advice ofcourse.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.