Solana - It Just Looks Super Bullish Now!
Solana (
SOLUSD) is creating a break and retest:
Click chart above to see the detailed analysis👆🏻
With the last monthly candle of more than +40%, Solana broke all resistance towards the upside and finally created a new all time high. Now we are seeing the perfect retest of the previous resistance which is now turned support and another strong move higher is absolutely possible.
Levels to watch: $200, $400
Keep your long term vision,
Philip (BasicTrading)
SOLUSD) is creating a break and retest:Click chart above to see the detailed analysis👆🏻
With the last monthly candle of more than +40%, Solana broke all resistance towards the upside and finally created a new all time high. Now we are seeing the perfect retest of the previous resistance which is now turned support and another strong move higher is absolutely possible.
Levels to watch: $200, $400
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Solana (SOLUSD):
Click chart above to see the detailed analysis👆🏻
Last month, Solana dropped a stunning -20% after creating a new all time high just a couple of weeks ago. However this is such a small candle on the higher timeframes and this candle is even retesting the previous all time high so everything is still bullish and the creation of a break and retest is extremely possible.
Levels to watch: $200, $400
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Solana (SOLUSD):
Click chart above to see the detailed analysis👆🏻
Literally all eyes are now looking at the previous all time high level. Will this recent breakout actually turn into a false bullish breakout, which would lead to a significant move lower or will this still turn into a valid all time high break and retest. Time will tell but bulls are still mainly in control.
Levels to watch: $200, $400
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision.
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