Here’s an interesting pattern on the chart. SOL tends to form these clean channels where price action bounces between the rails almost rhythmically. In the previous leg, price tapped the bottom of the channel three times before curling back up toward the midline.
Now a new channel that started forming around late August is showing similar behavior. Another solid bounce off the lower rail which is marked by #3, staying true to the same structure. If it behaves like the last one, the next step would be a revisit of that midline to test direction.
Cool to see how consistent SOL is with these channel dynamics. It’s like it respects its own geometry.
Educational observation only — not a trade signal or advice.
Now a new channel that started forming around late August is showing similar behavior. Another solid bounce off the lower rail which is marked by #3, staying true to the same structure. If it behaves like the last one, the next step would be a revisit of that midline to test direction.
Cool to see how consistent SOL is with these channel dynamics. It’s like it respects its own geometry.
Educational observation only — not a trade signal or advice.
Quant research firm developing proprietary indicators, trading automation, and risk frameworks for digital & macro markets. Free indicator channel (telegram) t.me/hashcapitalresearchchannel I hashadaptive.com
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.
Quant research firm developing proprietary indicators, trading automation, and risk frameworks for digital & macro markets. Free indicator channel (telegram) t.me/hashcapitalresearchchannel I hashadaptive.com
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.
