Solana (SOL) – May 6 for BINANCE:SOLUSD by readCrypto

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(SOLUSD 1W chart)

(1D chart)
You should watch for any movement that deviates from the 42.17581368-46.72883857 segment.

If you go down at 42.17581368, you can touch the 35.34678647-37.62278879 area, so you need to trade carefully.

In particular, it remains to be seen if it can rise along the uptrend line.

In the CCI-RC indicator, the CCI line fell below the EMA line.

We must see if the CCI line can quickly rise above the EMA line.

Therefore, careful trading is necessary.


(SOLBTC 1W chart)

(1D chart)

73914 Satoshi-96672 Satoshi should be watched to see if any movement deviates from it.
In particular, it remains to be seen if it can rise above the 81216 Satoshi point and break off the downtrend line.

If you fall in the 66328 Satoshi-73914 Satoshi section, a short stop loss is required.

If it falls at 51156 Satoshi, Stop Loss is needed to preserve profit and loss.

However, it may rise along the uptrend line, so careful trading is necessary.

On the CCI-RC indicator, the CCI line fell below the EMA line, showing a short-term downtrend.

We must see if the CCI line can quickly rise above the EMA line.


It is advisable to trade at your average unit price.

This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.

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** All indicators are lagging indicators.

So, it’s important to be aware that the indicator moves accordingly with the movement of price and volume .

Just for the sake of convenience, we are talking upside down for interpretation of the indicators.

** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)

** Check support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart

R: A point or section of resistance that requires a response to preserve profits

S-L: Stop Loss point or section

S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they do not trade 24 hours a day.

G1: Closing price when closed

G2: Cigar at the time of opening

(Example) Gap (G1-G2)

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