solano overviewsolano broke its intermediate trendline,
if we draw fib retracement from recent high and low we can see it retraced from 0.5 levels two times it was like a double top formation as well
currently it is consolidating in a short channel, it can be the inverted pole and flag pattern
the prices seems to be mean reverting towards the 50ma on daily chart it is also a round fig 100
Solano
solano new outlookon daily time frame it looks like forming evening star (bearish) it can come down to 161-160 as a mean reversion of 9 ema.
4h time frame it indicates higher high, higher lows
pitchfork and fib speed resistance fan shows confluence levels at 172-160
140 could be the last major support after this level it can go sideways or bearish
240 might be possible based on this analysis might be positional pick (this might need good momentum and healthy structures formations)