$SOL — the previous bullish scenario is invalidated; a decline still needs confirmation
Subscribe + like
On October 13, a recovery in $SOL was tied to a move back above 118. The lower bound of the hypothesis was 105.4.
On October 15, the loss of 105.4 was confirmed by the daily close. The new scenario projected a decline below 101.7 toward the weekly area of 95.8–98.4.
By October 19, the price of $SOL had pierced 101.7, but there had not yet been a daily close below it. The condition for the decline to continue has not been met. A close above 110.6 will invalidate this hypothesis.
Subscribe + like
On October 13, a recovery in $SOL was tied to a move back above 118. The lower bound of the hypothesis was 105.4.
On October 15, the loss of 105.4 was confirmed by the daily close. The new scenario projected a decline below 101.7 toward the weekly area of 95.8–98.4.
By October 19, the price of $SOL had pierced 101.7, but there had not yet been a daily close below it. The condition for the decline to continue has not been met. A close above 110.6 will invalidate this hypothesis.