SOLB D1 Our expectations:
Long-term long trend and short-term correction. The movement remains in the trend channel, with the price reaching a key support zone.
Price action: Bar pin on a support level.
Test of 50%, price holds above.
Price below 50SMA and above 200SMA. The moving averages are arranged in a bullish formation.
DeMarker turns above 0.3 – an increase signal.
Alternative scenario: A confirmed break below 94 is likely to result in a deeper correction.
Trader Georgi Bozhidarov