Solana breaks out vs. Bitcoin. Nears prior area of resistance.

11 thg 11, 2023

Solana is where it's at while Ethereum continues to lose ground to Bitcoin. However, we've had this run-up before, and we are nearing an area where we could see a pullback to support. If you are just now entering Solana, be aware of these prior areas of consolidation vs. Bitcoin.

11 thg 11, 2023

Ghi chú

To clarify the trendiness shown, the heavy blue line is a 200D MA. The lighter lines are 'faster' EMA lines I use for momentum indicators.

(Whenever price is above the 200D, trading is bullish. If we were swing trading, we would take profit when price touches the lighter blue line, and protecting our assets when price falls below the green line. All out of the trade below the heavy blue line.)

12 thg 11, 2023

Ghi chú

And sure enough we resistance and pulled back. This next level will be key as to whether Solana bleeds vs. Bitcoin.

12 thg 11, 2023

Ghi chú