Reviewing yesterday's recap, SOL's overall trend compared to BTC shows a relatively strong performance. After the dip did not break the 130 resistance level, it rebounded to the high of 128, touched the top, and then bounced back, reaching 128 this morning. SOL Analysis 4-hour Bollinger Bands are opening, corresponding to prices 127, 123, 120. The middle band of the 4-hour Bollinger Bands is trending upward. The 1-hour Bollinger Bands are opening, corresponding to prices 127, 124, 121. The middle band of the 1-hour Bollinger Bands is trending upward. MA Moving Averages: On the 1-hour chart, the price is above the upper band, above MA5. MA5 crosses above MA10 from below, crossing the middle band, MA30, and MA60. SOL is moving downward but not breaking below the lower band, and not breaking below MA5. On the 4-hour chart, the price is above the upper band, above MA5. MA5 crosses above MA10 from below, crossing the middle band, MA30, and MA60. SOL is moving downward but not breaking above the upper band, and not breaking below MA5. MACD The 4-hour MACD lines are above the zero line, with the fast line crossing above the slow line to form a golden cross, indicating increasing bullish momentum. The 1-hour MACD lines are above the zero line, forming a golden cross, with increasing bullish momentum. RSI Indicator: On the 1-hour chart, RSI is in the overbought trading zone at 100, 90. On the 4-hour chart, RSI is in the normal trading zone at 65, 60. Summary: Uptrend Resistance levels: 131, 133 Support levels: 123, 121 High-altitude strategy: Not provided for now Low-position strategy: 123 initial long position, 121 additional long position. First take profit at 126, second take profit at 128.
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December 29th SOL Analysis
Reviewing yesterday's recap, SOL's overall trend compared to BTC shows a relatively strong performance. After the dip did not break the 130 resistance level, it rebounded to the high of 128, touched the top, and then bounced back, reaching 128 this morning.
SOL Analysis
4-hour Bollinger Bands are opening, corresponding to prices 127, 123, 120. The middle band of the 4-hour Bollinger Bands is trending upward. The 1-hour Bollinger Bands are opening, corresponding to prices 127, 124, 121. The middle band of the 1-hour Bollinger Bands is trending upward.
MA Moving Averages: On the 1-hour chart, the price is above the upper band, above MA5. MA5 crosses above MA10 from below, crossing the middle band, MA30, and MA60. SOL is moving downward but not breaking below the lower band, and not breaking below MA5. On the 4-hour chart, the price is above the upper band, above MA5. MA5 crosses above MA10 from below, crossing the middle band, MA30, and MA60. SOL is moving downward but not breaking above the upper band, and not breaking below MA5.
MACD
The 4-hour MACD lines are above the zero line, with the fast line crossing above the slow line to form a golden cross, indicating increasing bullish momentum. The 1-hour MACD lines are above the zero line, forming a golden cross, with increasing bullish momentum.
RSI Indicator: On the 1-hour chart, RSI is in the overbought trading zone at 100, 90. On the 4-hour chart, RSI is in the normal trading zone at 65, 60.
Summary: Uptrend
Resistance levels: 131, 133
Support levels: 123, 121
High-altitude strategy: Not provided for now
Low-position strategy: 123 initial long position, 121 additional long position. First take profit at 126, second take profit at 128.