Hi All,
Sol has finally broken free from it's shackles in the $130, breaking out into the late $140's before coming back to retest.
As you can see there's a hidden divergence with the confluence of an inverse H&S.
I expect the next area of resistance to be in the $160's.
If you zoom out into the weekly you can see Sol's just broken out from a multi-month inverse H&S. If it plays out Sol' price action should move to the mid $200's without too much trouble.
Cheers
BB
Sol has finally broken free from it's shackles in the $130, breaking out into the late $140's before coming back to retest.
As you can see there's a hidden divergence with the confluence of an inverse H&S.
I expect the next area of resistance to be in the $160's.
If you zoom out into the weekly you can see Sol's just broken out from a multi-month inverse H&S. If it plays out Sol' price action should move to the mid $200's without too much trouble.
Cheers
BB
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.