Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Weekly: Left Chart
📊 SOL has been trading within a wide range between 10.0 and 50.0.
Lately, after rejecting the 10.0 support, SOL has been bullish from a medium-term perspective. However, it is currently approaching the upper bound of the range – the 50.0 round number.
📈 For the bulls to take control from a long-term perspective and initiate the Markup phase, we need a weekly candle close above 50.0.
In this scenario, a movement towards the next resistance at 130.0 would be anticipated.
H4: Right Chart
From a medium-term perspective, SOL appears bullish while trading inside the green rising broadening wedge, and we anticipate a movement towards the 50.0 level.
📉 Unless the last low in green is broken downward, in which case a bearish correction would begin.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Weekly: Left Chart
📊 SOL has been trading within a wide range between 10.0 and 50.0.
Lately, after rejecting the 10.0 support, SOL has been bullish from a medium-term perspective. However, it is currently approaching the upper bound of the range – the 50.0 round number.
📈 For the bulls to take control from a long-term perspective and initiate the Markup phase, we need a weekly candle close above 50.0.
In this scenario, a movement towards the next resistance at 130.0 would be anticipated.
H4: Right Chart
From a medium-term perspective, SOL appears bullish while trading inside the green rising broadening wedge, and we anticipate a movement towards the 50.0 level.
📉 Unless the last low in green is broken downward, in which case a bearish correction would begin.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.