$SOL #SOL
SOL forecast, Nov 4 snapshot. SOL is near $92 and still below its major weekly moving averages. One weekly review puts the expected range at roughly $84 to $99, with the 20-week average near $96 as the closest ceiling.
My read: a coin below all its weekly averages is in a downtrend until proven otherwise.
A bounce into $96 to $99 is not a trend change by itself. It only becomes one if SOL closes above $99 and holds.
Upside: a weekly close above $99, which clears the top of the range and the 20-week average at once.
Downside: a break below $84, that review's weekly support, which puts recent lows back in play.
Base case: range-bound. 😒
The same review rated breakout odds as limited.
Lean: respect the downtrend, and watch $99 for the first real sign of change.
Not financial advice.
#sol $SOL
Poll: What breaks first for $SOL ?
SOL forecast, Nov 4 snapshot. SOL is near $92 and still below its major weekly moving averages. One weekly review puts the expected range at roughly $84 to $99, with the 20-week average near $96 as the closest ceiling.
My read: a coin below all its weekly averages is in a downtrend until proven otherwise.
A bounce into $96 to $99 is not a trend change by itself. It only becomes one if SOL closes above $99 and holds.
Upside: a weekly close above $99, which clears the top of the range and the 20-week average at once.
Downside: a break below $84, that review's weekly support, which puts recent lows back in play.
Base case: range-bound. 😒
The same review rated breakout odds as limited.
Lean: respect the downtrend, and watch $99 for the first real sign of change.
Not financial advice.
#sol $SOL
Poll: What breaks first for $SOL ?
Above $99
Below $84
11 残り時間