SOLUSDT @61 MACRO update Nov11 2023
Bulls broke above some key levels of resistances, $35 & $45.
Now, price is approaching a fib resistance at $69, whic is the 0.618fib.
The 30-25 or the W21ema will flip as support if market experiences any shakeouts in the next few months.
The monthly and Q are looking good, so not significant data yet for a pull back as of now. Will see by year end how chart will look like.
The next overhead resistance is at the 0.786fib or simply at $120-125
Bulls broke above some key levels of resistances, $35 & $45.
Now, price is approaching a fib resistance at $69, whic is the 0.618fib.
The 30-25 or the W21ema will flip as support if market experiences any shakeouts in the next few months.
The monthly and Q are looking good, so not significant data yet for a pull back as of now. Will see by year end how chart will look like.
The next overhead resistance is at the 0.786fib or simply at $120-125
