RLinda ! SOLUSDT-> The bulls make themselves known. What's next?

The SOLUSDT is slowing its fall and stops near the level of 26.00, once it has tested the support, the price forms the limit zone around 27.00. In the consolidation format, the price has reached the minimum volatility for the last few years.

A bullish pattern is forming on the chart, which implies a strong growth in the direction of the nearest resistance levels, behind which there is a large volume of liquidity on the background of a falling market. The price breaks the up-trend resistance and exits, forming a surge of volume, we have to wait for the bullish forces to continue to rise

On the local chart, we are seeing the price return to the range of 30.20 - 35.00 after breaking the resistance of the descending wedge. The price forms a technical pullback to the support of the range for a retest. What to expect in this zone? We need to wait for confirmation of the presence of buyers in the market and enter positions behind them.

• 1) We expect the retest of the zone 30.20 (or touchdown or false-breakdown).
  
• 2) Fixation of the price above the support range of 30.20
  -- -- -- --
  
• Short-term target in our case will be resistance of the 34.38 range
  
• Medium-term target - liquidity zone 38.92
  

Sincerely R. Linda!

Commentaire:

SOLUSDT reaches the first specified target of 39.84
Let me remind you: the price breaks the trend movement and forms a bullish set-up, which is behaving well at the moment. The price passes in our direction almost 16%
Gold is once again entering the long zone relative to the broken level.
If the price can consolidate above the level and the bulls show their strength, the next target of 38.92 will be reached quite quickly.
I expect the potential to reach 47.78