SOL is going through a short period of consolidation.
It is still keeping above the pink trendline and looks to be moving up to the orange line which is potentially the neckline of an INVERSE HEAD AND SHOULDERS formation from July 2019.Should it breakout above the orange line it could be heading towards the black horizontal line.
SOL however needs to remain above the horizontal blue line or else a double top formation could be confirmed ( BEARISH)
It is still keeping above the pink trendline and looks to be moving up to the orange line which is potentially the neckline of an INVERSE HEAD AND SHOULDERS formation from July 2019.Should it breakout above the orange line it could be heading towards the black horizontal line.
SOL however needs to remain above the horizontal blue line or else a double top formation could be confirmed ( BEARISH)