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SOL / TetherUS
Long
Updated

SOLANA(SOL) Breaks Long-Term Downward trend Line

1 080


* 1D

SOL broke through a long-term downward trend line that has continued since Nov 2021.

I think it's going to go up right away if it's supported at $21.1, and if it's not supported, it's going to go down a little and then go down.


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* 4H

If you look at it in more closely, It is important to support the blue downward trend line.

Note
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* 4H

Blue trend lines are currently supported.
However, it faces $21.9 resistance.
Note
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1st TP Reached After Breaking Green Long-Term Downtrend line Since May 2022.

It's up about 20%.
Note
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The second TP has been reached. 50% profit
Note
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* 1H

Solana is currently undergoing adjustments after rising more than 50%, with inverse head and shoulders pattern and ascending triangle pattern going on simultaneously in the short term.
Trade closed: target reached
snapshot

All TPs have been reached +220%
untoldanalysis
Also on:
Head and ShouldersSOLsolanaSupport and ResistanceTrend LinesTrend Line Break

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.
Head and ShouldersSOLsolanaSupport and ResistanceTrend LinesTrend Line Break
untoldanalysis
Also on:

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.