Solarcoin gently preparing potential strong upside move!Solarcoin is nearing short term buying range and has several positive signals going for it:
--> Touches lower trend line support
--> Currently on 50% Fibonnacci support
--> Did a "low test" (see red candle stick downwards with the "thinner" part very long and touching the 61,8% level)
--> Bounced back from 50% Fib. & from the orange trend support line
--> Has broken through downward trend channel resistanc e (represented by downward orange resistance line)
--> Currently at lower end of the Bollinger bands
--> MACD is nearing bullish cross
--> CCI agrees with bullish character
Conclusion: due to the ongoing market turmoil smashing most of the cryptos, I remain "short term" neutral (to slightly bullish) on this coin, even though it has multiple bullish signals going for it. Nevertheless, we should keep an eye on this one as the bullish character will likely become more pronounced in the near term!
Keep your eyes open! ;-)
Note: this is by no means formal investment advice, do your own due diligence, preferably backed by some fundamental analysis
