TylerWood2020

Solana broke out of max squeeze - Trend is a "GO"

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FTX:SOLUSD   Solana
GoNoGo Charts blend the most widely-used objective tools to simplify the analysis into a single, elegant display of the overall technical perspective in an easy-to-read color-coded data visualization.

In this daily bar chart ($SOL/USD) Solana shows a resurgence of momentum in the direction of the trend as price rallied back to former highs. The bright blue color on the price bars shows the collective value of many technical trend indicators painting a Strong Bullish picture for Solana. GoNoGo Oscillator (in the lower panel) rested at the neutral zero line building up to a max volatility squeeze before buyers took control this week. Shifting the price control to the hands of buyers, we see heavy volume (dark blue oscillator) return on the move up to overbought levels as price rallied.

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