SOLUSD: Thoughts and Analysis
Today's focus: SOLUSD
Pattern – Failed high and HL.
Support – 51.71
Resistance – 57.70 - 58.20 - 59.00
Hi, and thanks for checking out today's update. Today, we are looking at SOLUSD on the daily chart.
Today's video asks if SOLUSD will continue its run or if it could see further selling enter the market. Buyers continue to push in today's session but continue to be met with decent selling from 57.70 and above up to $61.
There's also an interesting price set-up we have run over, as it looks a lot like the current price action we are seeing at the moment, and the last time this occurred, we saw a solid run-up.
Good trading.
Pattern – Failed high and HL.
Support – 51.71
Resistance – 57.70 - 58.20 - 59.00
Hi, and thanks for checking out today's update. Today, we are looking at SOLUSD on the daily chart.
Today's video asks if SOLUSD will continue its run or if it could see further selling enter the market. Buyers continue to push in today's session but continue to be met with decent selling from 57.70 and above up to $61.
There's also an interesting price set-up we have run over, as it looks a lot like the current price action we are seeing at the moment, and the last time this occurred, we saw a solid run-up.
Good trading.
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