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Is SOLANA about to BREAKOUT?

347
Solana is trending up in it's channel on the 30min chart.

If it breaks out through the channel on a candle close, look for it to move higher.

If it rejects the channel resistance, look for it to test the bottom the channel and repeat.

SOLUSDT SOLUSD

#Solana #BTC #SOL #SOLUSD
Note
Solana continues to range between the channel and just broke below the bottom on the 15 min.

snapshot
Note
Very interesting pattern just formed.

snapshot

SOLANA broke down out of the first channel and has now formed a new channel based on the trajectory of the the wedge it was previously in.

What do you think?
Note
Solana is now testing the top of the bear channel it's been in for a while.

Watch for candle closings above the top of the channel, especially 4 hour time frame or higher. If candles start to close above the channel top, look for a BIG move up.

snapshot
tradepsych
Parallel ChannelsolanasolanausdSOLUSDsolusdtsolusdtshortSupport and Resistance

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Parallel ChannelsolanasolanausdSOLUSDsolusdtsolusdtshortSupport and Resistance
tradepsych

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.