Alrighty tradegang - we're looking at SOL daily here
One of two things are going to happen... or both
A) Price is in the process of forming a higher low and demand in that range is increasing volume wise, which means we hit the first fair value gap for sure, possible even 147 range
B) We test the demand zone a 3rd time, and form a new ceiling - meaning we would be bearish and heading down to $120 again
C) Price does retest demand zone, but the low will be $127, which would still be a higher low and a bullish indicator heading into Q4
One of two things are going to happen... or both
A) Price is in the process of forming a higher low and demand in that range is increasing volume wise, which means we hit the first fair value gap for sure, possible even 147 range
B) We test the demand zone a 3rd time, and form a new ceiling - meaning we would be bearish and heading down to $120 again
C) Price does retest demand zone, but the low will be $127, which would still be a higher low and a bullish indicator heading into Q4
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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.