December 24th sol analysis


Looking back at yesterday's review, the overall trend of SOL has shown to be relatively strong compared to BTC. After failing to break through the resistance at 126, it fell back to a low of 122, touched the bottom, rebounded, and rose to 123 by this morning.
sol analysis
The 4-hour Bollinger Bands opening corresponds to prices 127, 125, and 122, with the midline of the 4-hour Bollinger Bands showing a downward trend. The 1-hour Bollinger Bands opening has three lines converging at prices 125, 123, and 122, with the midline of the 1-hour Bollinger Bands also showing a downward trend.
MA Moving Average: The price on the 1-hour chart is below the ma5 and above the lower band, with ma5 crossing downwards through ma10. The midline is not breaking the lower band downwards, and not breaking ma5 upwards. On the 4-hour chart, the price is above the lower band and below ma5, with ma5 crossing downwards through ma10 and ma30. The midline is not breaking the lower band downwards, and not breaking ma5 upwards.
MACD
The 4-hour dual lines are below the 0 axis, with the fast line crossing down through the slow line to form a dead cross, increasing bearish volume. The 1-hour dual lines form a golden cross below the 0 axis, with decreasing bullish volume.
RSI Indicator: 1 hour in the normal trading range 67, 73, 4 hour RSI in the oversold trading range corresponding to 8, 9
Summary: Oscillating decline
Resistance levels: 125, 127
Support levels: 122, 120
High-altitude strategy: If it does not break 125 on the way up, a first short position can be established, with a first take profit at 122 and a second take profit at 120 after adding to the position at 127.
Long strategy: Open 122 long positions and add to the 120 long positions. First take profit at 124, second take profit at 126.
SOL2,68%
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