SOLETH 1day shows a beautiful longterm upward trend for SOL against ETH If you are in the race with Solana and Ethereum and can't decide where to park your bags you might get some insight from a chart like this one Price is now at/below the bottom of the bullish trend range against ETH but that could change with a fresh tailwind in the market and we should start to head into the top of range again There is no confirmation to bias SOL against ETH yet so our bet is on ETH until that changes We will be watching a few indicators to show the change in direction Green candles and green dots maybe a green momentum arrow the rsi has double bottomed in the oversold area and needs to show us a way back to 42 and the macd also needs to cross and begin to track upwards towards the 0.0 You can scan charts like this to 'follow the money'
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.