SOLUSDT: Moving in the Bullish trend, Long Opportunity to 22.83?
Updated
Hello Fellow Global Crypto Investor/Trader, Here's a Technical outlook for Solana Coin!
Price Action Analysis
1. On the H4 Timeframe, SOLUSDT is moving above the bullish trendline
2. Rebound on the bullish trendline multiple times,
3. Breakout of the Falling Wedge Pattern indicates a possible upside movement ahead
4. Furthermore, The MACD Indicator made a golden cross, signifying a potential bullish bias on Solana
Fundamental Drives
- Dollar Weakening & Lower US Treasury Bond Yields
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the SOLUSDT"
Price Action Analysis
1. On the H4 Timeframe, SOLUSDT is moving above the bullish trendline
2. Rebound on the bullish trendline multiple times,
3. Breakout of the Falling Wedge Pattern indicates a possible upside movement ahead
4. Furthermore, The MACD Indicator made a golden cross, signifying a potential bullish bias on Solana
Fundamental Drives
- Dollar Weakening & Lower US Treasury Bond Yields
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the SOLUSDT"
Note
Rebound at the Support area & Breakout the Upper TrendlineNote
Done target 1, Will it reach the second target?Trade closed: target reached
Yup, Reached the second target again!
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.