SOLUSD BREAKOUT IMMINENT

SOL has been in a downtrend after we broke out of the upward ORANGE trend into a downward channel where the RED line has been holding as support several times. SOL has now formed a TRIANGLE pattern which is usually a continuation pattern and the breakout is usually to the upward direction. A successful breakout will reclaim the ATH with adequate volume and take SOL back into the upward ORANGE channel where it can now form a new ATH at $240 - $250. Watch out for rejection at about $179-$184.
Remember to keep your eyes on bitcoin.


Not a financial advice. Trade wisely and be reasonable with your money.

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