SOL: Wedge Pattern!
Updated
SOL/USDT is making a rising wedge pattern on 1 day chart.
There can be 2 scenarios:
1. If SOL breakout through the lower trend line below 40 then the targets are on next support areas marked on the chart (Green)
2. If SOL holds the area in the wedge then the targets are on next resistance areas marked on the chart (Red)
Share your views in the comment section.
Like & follow for more easy and simple trading ideas.
Thank You!
There can be 2 scenarios:
1. If SOL breakout through the lower trend line below 40 then the targets are on next support areas marked on the chart (Green)
2. If SOL holds the area in the wedge then the targets are on next resistance areas marked on the chart (Red)
Share your views in the comment section.
Like & follow for more easy and simple trading ideas.
Thank You!
Trade closed: target reached
SOL closed the candle below the trend line around 23:15 UTC (18 Aug), & 1st scenario initiated.Both the targets from downward movement were achieved.
That was a sharp trade, achieving its target points really quickly.
Don't forget to like & follow for more.
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.