To be honest, we have time panels within a channel. If it just keeps on moving in that direction, it will take a while until something has a chance to happen. If it breaks out soon, we could see a pretty nice recovery, if it breaks down, RIP soon recovery and it will take a little while, until we get into the channel and then have the chance to go up...
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....
For some time now, people have been talking of the massive possible cup and handle formation that seems to be formed for SLR.
Now today, we see that:
- The CCI broke the -100 barrier on the daily.
- The MACD shows a golden cross on the daily.
- The cup seems to have reached his bottom.
What will happen next?
I would like to say that we will follow the cup and...
Best advice i can give you as traders is buy the damn dip, SLR is a good project and is bound for a decent bounce. The bears are squeezing as many sellers as possible to position themselves way below market value. This is the time to BUY and not SELL. Little to no TA is needed to understand this. Accumulation is when big players or whales accumulate as many shares...