Hi Traders, Investors and Speculators of Charts
Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL.
SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. โ
๐ Technical Indicator SHORT TERM is overbought indicating a correction is overdue
๐ Support zone at $153 is critical to hold
๐ Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern.
Overbought indicates a correction is overdue:
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SOLUSDT
Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL.
SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. โ
๐ Technical Indicator SHORT TERM is overbought indicating a correction is overdue
๐ Support zone at $153 is critical to hold
๐ Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern.
Overbought indicates a correction is overdue:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
๐ขFollow us here on TradingView for daily updates๐ข
๐Hit like & Follow ๐
SOLUSDT
Comment:
SOL : H&S pattern forming in the 4h: