Key technical supports hit.
Pennant triangle forming on the weekly. Will squeeze to the upside.
5 count on the DM indicator for the downside (of 9 total), if the counts play out that is.
Stoch RSI underbought
Always view SolarCoin with respect to what is happening in BTC. Because BTC is the dominant force that indirectly affects SLR technical....
Solarcoin is nearing short term buying range and has several positive signals going for it:
--> Touches lower trend line support
--> Currently on 50% Fibonnacci support
--> Did a "low test" (see red candle stick downwards with the "thinner" part very long and touching the 61,8% level)
--> Bounced back from 50% Fib. & from the orange trend support line
Solarcoin started in 2014, switched to POS a few years ago. This coin is all about a cleaner environment. If you have Solar panels, you get Solarcoins for free. Wouldn't it be great that the value of Solarcoin would be so high, the panels were free? Just imagine what that would mean for the environment worldwide.
Nick Gocery is the man behind this coin - google...
SLR has been below Key Support for a while.
Recently there has been news of the BTC Energy crisis, and mining centralization problems in BTC.
Proof-of-stake coins will benefit, and not only is SLR POS, it is Proof-of-stake (POS) and Proof-of-Generation (POG) for 1MWh = 1SLR.
So, if SLR does break up above the key support (0.00008 BTC) and consolidate, we have a...
SolarCoin (SLR) just caught my attention, after bouncing from a bottom that it hasn’t hit since February 2016. This coin has been on Bittrex since March of 2014, that’s a very long time and shows great potential for long term upward movement. Its all time high was reached on the 6th of June 2016 @ 0.00040000. Let’s see what this coin has to offer to us...
Demark combo implemented for the SLR/BTC pair. It is a sequential indicator.
Best to use the sequential indicator with a 4 hour chart (because BTC markets are 24-7 markets), and also a 1 week chart.
TomDemark Combo indicator implemented for Trading View.