SOLUSD possible path

6 Şub

Blue support line repeat. I would buy on support and with stoploss just below. Blue channel converging with blue support line might show date for next run give or take.

15 Mar

Not

Well, I did get stopped out of this one quickly. Price went down to the lower thick blue support line from last year (low 120's) and bounced back up to higher thick blue support line (which automatically became resistance after it was broken to the downside). Price rejected and is currently testing the previous thick blue support line again. Could see some seesawing for a while unless favourable news will propel price up or vice versa.