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Solana
Long
Updated

SOL/USD Bulls in Control

188
From the daily timeframe, SOL/USD (Solana versus the US dollar) recently connected with support from US$163.90, aided by the H1 timeframe chalking up an inverted head and shoulders pattern. With the formation’s neckline consumed (taken from the high of 107.88), further outperformance towards the pattern’s profit objective at 179.90 could be seen.
Trade active
Bulls remain in control and appear to be closing in on the pattern's profit objective - AH
Trade closed: target reached
The pattern's profit target was essentially hit - AH
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Chart PatternsSOLUSDTrend Analysis

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Chart PatternsSOLUSDTrend Analysis
FPMarkets
Broker
Also on:

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.