#Crypto #SOL Inverse head and shoulders. Get long
Updated
Inverse head and shoulders appearing on the Solana chart so it is time to buy. SOL is the talk of the town right now but that is another story.
What is the chart saying?
Clear inverse head and shoulders pattern which is a reversal pattern. We are in a downtrend so the only way is up, baby, for you and me now.
There is a key price level at 23. And based on the head and shoulders pattern that is target 1 as well so we may see some resistance there. 3 bucks would be a nice 15% return if you dont turn the leverage lever up to max.
RSI is creeping higher. Back to 54 should the bulls may be back in control.
Slow STO is 68 so could have some more upside but it is a little high for me.
Volume is falling as we form the right shoulder.
Target 1 can be 22.90. Dont want to miss out if we get rejected from 23.
Stop loss will be 18.60. We dont want to breach this level.
Current price is 20.14.
What is the chart saying?
Clear inverse head and shoulders pattern which is a reversal pattern. We are in a downtrend so the only way is up, baby, for you and me now.
There is a key price level at 23. And based on the head and shoulders pattern that is target 1 as well so we may see some resistance there. 3 bucks would be a nice 15% return if you dont turn the leverage lever up to max.
RSI is creeping higher. Back to 54 should the bulls may be back in control.
Slow STO is 68 so could have some more upside but it is a little high for me.
Volume is falling as we form the right shoulder.
Target 1 can be 22.90. Dont want to miss out if we get rejected from 23.
Stop loss will be 18.60. We dont want to breach this level.
Current price is 20.14.
Note
Target 1 reached. Lock in some profit but leave some on the table as new high confirmed by rsi. That was superfast. Love it.Note
Time to lock in some more profit peeps. New high is confirmed so leave some coins on the table
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