Crypto Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Sidelines Mode (+55) - SOLUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SOLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SOLUSD
The long-term trend has been DOWN since Jan 7th, 2022 at 144.854
The intermediate-term trend has been UP since Mar 20th, 2023 at 23.520
The short-term trend has been DOWN since Mar 23rd, 2023 at 23.100
Smart Scan Analysis for SOLUSD
Based on our trend formula, SOLUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).