Remaining cautiously neutral despite short-term bullish impulse.
Closely watching the 114.5 area for strong bounce to the upside.
Inverse head and shoulders will only be validated if the bulls can retain control of this level.
Would be the first instance of resistance becoming support since selloff started on the 4th.
Looking at 113 as the next key level if...
I expect this bullrun to continue potentially well into mid-November before a larger correction in which case I will be accumulating more Sol. No bearish signs on RSI. Notwithstanding any major price drops in ETH I think this thing has some more steam to push higher.
This is not financial advice.
RSI showing bearish divergence on the 4h chart, potentially indicating some significant pullback for the rest of the week. Adjusting my stop loss accordingly. This kind of divergence on the RSI is pretty rare and quite reliable. Furthermore, just looking at the daily chart tells me price is overextended and we're in for some significant pullback for the near...
