December 27th Sol Analysis


Reviewing yesterday's recap, Sol's overall trend compared to BTC shows relatively strong performance. After failing to break the 126 resistance level, it declined to a low of 120, rebounded, and has been rising to 122 this morning.
Sol Analysis
4-hour Bollinger Bands are opening and closing around prices 124, 122, 120. The middle band of the 4-hour Bollinger is trending downward. The 1-hour Bollinger Bands are opening with three parallel lines around prices 124, 122, 120. The middle band of the 1-hour Bollinger is trending downward.
MA Moving Averages: On the 1-hour chart, the price is below MA5 but above the lower band. MA5 crosses above MA10 from below. Sol is holding above the lower band without breaking downward and above MA5 without breaking upward. On the 4-hour chart, the price is below MA5 but above the lower band. MA5 crosses below MA10 from above. Sol is holding above the lower band without breaking downward and above MA5 without breaking upward.
MACD
The 4-hour MACD lines are below the zero axis, with the fast line crossing below the slow line to form a death cross. Bullish momentum is increasing. The 1-hour MACD lines are below the zero axis, forming a death cross, with bearish momentum decreasing.
RSI Indicator: The 1-hour RSI is in the normal trading range at 37, 35. The 4-hour RSI is also in the normal trading range at 65, 64.
Summary: Range-bound market
Resistance levels: 124, 126
Support levels: 120, 118
Range-bound market does not provide strategy recommendations.
SOL0,56%
BTC0,19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)