Solana is overbought on the 1D technical outlook (RSI = 75.694, MACD = 9.354, ADX = 24.946) and even more so on 1W (RSI = 84.892) but that doesn't seem to stop its remarkable uptrend as it broke over the R1 level (144.00) today and the only Resistance standing now is the ATH (261.50). The price action is so far quite similar to the very beginning of Sol's trading...
💵Pair Name :SOLUSDT Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Type : Mid Term Swing —————————— 💲 As we said exactly also as we...
Solana smashed through our 32.000 TP (chart at the bottom) and turned technically overbought on the 1D timeframe (RSI = 85.195, MACD = 3.972, ADX = 68.655). Even the 1W technical outlook has an overbought RSI = 74.450 and as the price is near the R1 level (48.500), which was the Resistance during July-August 2022, we may see a technical pullback to ease some of...