SOL 1HR_analysis

SOLUSDT

Hi everyone! This is JJ CHEN, a student who are interested in the cryptocurrency market.

SOL has now broken through the pressure line(blue) and is near the pressure area(red).
I consider that if SOL breaks through the pressure area, it will continue to rise to challenge the next pressure area($200~205).
If SOL fails to break through the area, it will fall back to the support line(blue) to test the balance of supply and demand in this market($180~185).

Besides, let's take a look at the three-in-one indicator.
Golden Cross has occured in LS_Main several hours ago. This will help SOL rise.
But in LS_AUX, it's near the overbought level. We should also be careful about the risks.

Despite this, I think that SOL will go up with higher probability!

By the way, MERRY CHRISTMAS! Wish you all have a wonderful weekend :)