The second trendline got broken and later denied trying to reclaim. 4h frame was also heavily overbought and some dojis and a drop in volume at the top also indicated downwards movement. Now the price is headed back to the initial uptrendline. 1h is showing indecisive candles which could indicate a reversal, it also fits with the trendline. If the price breaks...
Hello Guys,
All things looked great for SOLVE, It was trading in a bullish formation, a big upwards triangle. It technically was in a bull market (golden cross and above the 50 day MA).
Yet it failed to produce some upward price action and green volume.
There is no real volume to be seen, only at Upbit the SOLVE/KRW pair shows great volume (upwards of 1 million...
Remember Solve.Care? I shared a chart when it was added to Bittrex a few weeks back, it went quickly into retrace and now is moving after consolidation.
Take a look, I am sharing the resistance levels, which is where Solve.Care will find resistance on the way up.
Today's breakout has enough strength to signal additional bullish action.
Hit LIKE to show your...
