SOLO
November 19 lowest point was $7.50 which as a support
November 20 solo ran up to $13.61 before seeing a huge reversal candle form leading to a sell off, on the 5 minute chart we saw 2 attempts to hold the $13 level
November 20 SOLO closed below the $11 level
November 23 SOLO dropped to 9:27, price shot back up due to volume and long’s getting filled, we saw the retest to break the $11 level SOLO failed to hold that level, the bulls failed to push the price back to $11 resulting in a $10 retest SOLO couldn’t hold we saw a retest of the $9.60
SOLO attempted to retest $10 but failed to hold once again resulting in the huge sell off to $8.
November 24 SOLO held the support level at $7.50 from November 19 when we gaped up
SOLO’s volume accumulated during market opening pushing SOLO above $9 after multiple attempts to keep it above the $9 level bulls failed to break out as bears pushed the price back to the $8 area resulting to the retest $7.60 held saw a retest of $8 failed to hold and we saw a retest of the support once again and we held.
November 25 SOLO opened up testing the $7.60 support held it accumulated volume and SOLO blasted through $8 before seeing a huge resistance at the $9 level again.
Daily RSI is overbought
Hourly RSI is neutral
4hour oversold
15min RSI is overbought
Scenario A: SOLO opens strong Friday holds $8, we retest $9 and break above wait for retest if we break above $9 before going long
Scenario B: SOLO opens testing the support at $7.50 and failing to that level we can see a sell of the the $6 range
November 19 lowest point was $7.50 which as a support
November 20 solo ran up to $13.61 before seeing a huge reversal candle form leading to a sell off, on the 5 minute chart we saw 2 attempts to hold the $13 level
November 20 SOLO closed below the $11 level
November 23 SOLO dropped to 9:27, price shot back up due to volume and long’s getting filled, we saw the retest to break the $11 level SOLO failed to hold that level, the bulls failed to push the price back to $11 resulting in a $10 retest SOLO couldn’t hold we saw a retest of the $9.60
SOLO attempted to retest $10 but failed to hold once again resulting in the huge sell off to $8.
November 24 SOLO held the support level at $7.50 from November 19 when we gaped up
SOLO’s volume accumulated during market opening pushing SOLO above $9 after multiple attempts to keep it above the $9 level bulls failed to break out as bears pushed the price back to the $8 area resulting to the retest $7.60 held saw a retest of $8 failed to hold and we saw a retest of the support once again and we held.
November 25 SOLO opened up testing the $7.60 support held it accumulated volume and SOLO blasted through $8 before seeing a huge resistance at the $9 level again.
Daily RSI is overbought
Hourly RSI is neutral
4hour oversold
15min RSI is overbought
Scenario A: SOLO opens strong Friday holds $8, we retest $9 and break above wait for retest if we break above $9 before going long
Scenario B: SOLO opens testing the support at $7.50 and failing to that level we can see a sell of the the $6 range