December 31 Sol Analysis


Reviewing yesterday's recap, Sol's overall trend compared to BTC showed relatively weaker performance. After the price failed to break the 128 resistance during the pullback, it declined to the low of 123, bottomed out, rebounded, and reached 125 this morning.
Sol Analysis
The 4-hour Bollinger Bands are opening upward, corresponding to prices 127, 124, 121. The middle band of the 4-hour Bollinger Bands is trending upward. The 1-hour Bollinger Bands are opening upward, corresponding to prices 125, 124, 123. The middle band of the 1-hour Bollinger Bands is trending upward.
MA Moving Averages: On the 1-hour chart, the price is below the upper band but above the MA5, which has crossed above the MA10 from below, with Sol not breaking below the upper band or MA5. On the 4-hour chart, the price is above the upper band, with MA5 above it, and MA5 has crossed above MA10, with the middle band, MA30, and MA60 trending upward. Sol is moving upward without breaking the upper band or MA5.
MACD
The 4-hour MACD lines are above zero, with the fast line crossing above the slow line to form a golden cross, indicating increasing bullish momentum. The 1-hour MACD lines are also above zero, with a golden cross, indicating increasing bullish momentum.
RSI Indicator: The 1-hour RSI is in the normal trading range at 59, 42. The 4-hour RSI is also in the normal trading range at 44, 40.
Summary: Uptrend
Resistance levels: 127, 129
Support levels: 123, 121
High-altitude Strategy: If the price fails to break above 127 during the upward push, establish a short position. For the first take profit, at 124; second take profit at 126.
Low-position Strategy: Long positions at 123, with additional longs at 121. First take profit at 126; second at 128.
SOL1,6%
BTC1,22%
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