Solana is forming three white soldiers on the support of parallel channel. MACD was showing an uptrend shortly before soldiers started to form, and afterwards soldiers pushed EMA 9 above 20, as well as both those lines above EMA 50.
All these are very bullish indicators, and I am looing forward this one.
Feel free to comment.
We can see that every time SAR was moving along trendline, there was a bullish movement. This time SAR has been moving longer and more acuratelly, and we entered back above 0.5 Fib Retracement. Trendline has been acting as a strong support. This time 0.5 FIb Retracement might shoot price above 0.786 Fib Retracemnt.
Looking forward your opinion guys.
We see that the bearish rectangle pattern broke the trend line, and than on the support line we can see that buliish rectangle formed and its is going up. If we break 1.4844 resistance we can expect going above trend line again.
On 27th Algo entered 0.382 on 27th of April as since been moving between 0.382 and 0.236. I used FIb Retracement on uptrend EMA 9 and EMA 20 back in January towards the peak, since there were no downtrends occurring during the bull run.
Afterwards, we can see 2 Fib Speed Resistance Fans.
1st Fib Speed is used once Algo started bull run between 0.618-0.382...