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Technical analysis by TradeTheory about Symbol SOL: Sell recommendation (7/17/2023)

https://sahmeto.com/message/230770
TradeTheory
TradeTheory
Rank: 15248
1.4
Sell،Technical،TradeTheory

The straw that breaks the camels back? The last month and a half the buying pressure has kept the price above the average true range line over 90% of the time. It is not unusual that the price crosses below the 1 month average true line, because it usually just corrects itself and crosses back over in favor of the buyers. Could this cross-over on the montly chart finally be the straw that breaks the camels back? If I am right we could easily see prices correct back into the 20-22$ range by next week.

Translated from: English
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Signal Type: Sell
Price at Publish Time:
$26.54
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