For a lot of time, SOL has been in correction/consolidation phase. We havent seen much price action on the chart. Though currently the PA developing up on SOL is indicating that it is getting ready for another upward movement in upcoming days. On BTC pair, SOL looks to have hit the 0.618 retracement level and has double bottom at that level on daily chart in BTC pair.
If the bulls manage to push the price a little more, SOL will definitely be seeing some good gains in upcoming days/weeks.
If the bulls manage to push the price a little more, SOL will definitely be seeing some good gains in upcoming days/weeks.
Note
I am holding myself back from opening Long position on SOL for time being, since BTC is bearish as shown in my previous analysis on BTC. Will be looking for entry in this one when the dust settles.
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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.