Use of Phoenix Ascending indicators and Bad Ass Bollinger Bands (publicly available) to provide TA for SOLUSD using the near term group of TFs (1D, 2D, 3D, 4D) as a compass and the short term group of TFs (90 min, 3H, 6H, 12H) for more precise exit and entry. There is potential for higher highs in many of these TFs. My technical analysis is based on those of David Ward (WykoffMode). Please consider viewing his video publications (link below) to learn more.
@Shaila-akter, Thanks so much for taking the time to view my publication!
ijustcoin
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Congratulations on your first video! I am happy to follow you.
Regarding analysis i personally don't like how this energy on 4D looks like, however the 2D is above 50, so i the price should go at least sideways during next couple of 2D candles.
It looks like FOMO IN to enter right now, because you don't have a "pillow" in case the price action will go sideways and then down.
However looking at this charts this trade more than likely will make you money.
May i ask you to post a photo chart with FIBs as an update?
Thanks!
Eightchains
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@ijustcoin, I provided the photo update as per your request. I came across SOL last night when I was reading an article about high gas prices on the Ethereum blockchain. Turns out it looked really good in multiple TFs and I do think there is more upward price action to be had. Not really a FOMO in; more like late to the party but still some party left.