We got a few confirmations on a move up for SOL/USDT.
1. Bounce/ re-test off of the 200 EMA.
2. Broke 100 EMA, which was acting as a local resistance.
3. We had a downtrend forming from the early hours of today, while the RSI started moving upwards forming a Bullish Divergence.
* Further confirmation and reassurance of an uptrend will be if the...
I am looking for a position in SOL.
* Currently a diagonal uptrend with thinning buy pressure
* Watch local support levels - if touched, consider laddering in a position
* Big sell off expected to dampen price today - quite a crowded trade. Watch and wait
As per my new 'zen trading' plan:
* I will be taking a 'fixed' position in this - a quarter position at...
Played this once 2 weeks ago. But as BTC.D approaches 75% time to start looking at some alts and roll profits. SOL looking to break a multi-month downtrend. Daily closes over 2 and we should see a mark up. Wait for the trigger. This and a couple other look decent for 2021.