SOL testing the inflection zone here again. Looks like its shaping up a nice ABC move up with consecutive higher lows. 42 and 47 would be the first targets here i would think if we break this level, and 53 being an extension of the first wave up from the lows.
Rising volume, OBV is bullish, ADX is bullish, and volatility is expanding on this time frame. The RSI is also approaching the bull zone and shows momentum as well.
Worth keeping an eye on.
Rising volume, OBV is bullish, ADX is bullish, and volatility is expanding on this time frame. The RSI is also approaching the bull zone and shows momentum as well.
Worth keeping an eye on.
Comment:
As ive mentioned before, i wouldnt be surprised to see one last wave to test the lows again before all is said and done. Always use tight stops in markets like this as a trader.