Solana / SOLUSD is pulling back significantly today despite being on a bullish leg for the past 30 days.
The long term pattern is a Channel Up and September's Low could be the first out of two before the price goes for a Higher High, much like the one that started after the June 10th Low.
The 1day RSI patterns of January-April and so far July-now are very similar.
Buy low and sell high inside the dotted Channel Down until the 1day RSI gets oversold under 30.00. That will be the buy entry of the new bullish leg. Target 37.000 (top of Channel Up).
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The long term pattern is a Channel Up and September's Low could be the first out of two before the price goes for a Higher High, much like the one that started after the June 10th Low.
The 1day RSI patterns of January-April and so far July-now are very similar.
Buy low and sell high inside the dotted Channel Down until the 1day RSI gets oversold under 30.00. That will be the buy entry of the new bullish leg. Target 37.000 (top of Channel Up).
Follow us, like the idea and leave a comment below!!
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