SOL on the resistance zoneHello fellow traders! Currently SOL is on the verge of a possible break out of the month long downtrend channel.
The pros are;
the WEEKLY bullish divergence taking place. (shown on last chart)
The MFI has support at 70.
Price has support at 100 ma (4 hr)
*opinion* undervalued project
The cons are;
SOL is at the top of a month long resistance channel
RSI showing resistance at 60
Currently in downtrend
Let me know you're opinions :) Good luck and set stop losses!
