If change of character happens, Solana can see higher prices
On October 13, 2022, strong bull leg broke above the strong high(CHoCH).
It created a demand zone I marked up at the bottom of range. Now price mitigates the whole range of demand zone.
I mark up the last recent supply zone that caused the BOS. First scenario is to break above this supply and going up to sweep the LQ.
At the moment price swept the LQ below the range but if the future bars close below this MSL, showing us the strength of bears and lower prices expected.
What do you think about this chart? Feel Free and Comment Below!
It created a demand zone I marked up at the bottom of range. Now price mitigates the whole range of demand zone.
I mark up the last recent supply zone that caused the BOS. First scenario is to break above this supply and going up to sweep the LQ.
At the moment price swept the LQ below the range but if the future bars close below this MSL, showing us the strength of bears and lower prices expected.
What do you think about this chart? Feel Free and Comment Below!