Over the course of ~18 months or so, SOL has formed a falling wedge pattern. Falling wedges are bullish reversal patterns.
After two huge green weeks, this week looks like a minor correction is taking place. Thus far, we're only down 7%, which is nothing compared to the ~200% move we've seen since the start of 2023.
If the top resistance line of the falling wedge pattern holds, I'll start looking for a continuation of the uptrend. For a confirmation, I'd wait for SOL making a new high, $25.
Targets in blue.
After two huge green weeks, this week looks like a minor correction is taking place. Thus far, we're only down 7%, which is nothing compared to the ~200% move we've seen since the start of 2023.
If the top resistance line of the falling wedge pattern holds, I'll start looking for a continuation of the uptrend. For a confirmation, I'd wait for SOL making a new high, $25.
Targets in blue.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.