What is a Bullish Flag Pattern?
The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend.
How does Bullish Flag Pattern?
The flag pattern resembles a parallelogram or rectangle marked by two...
solano 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...
Sol has same features as Eth but its a step further with also the proof of time.
now the way sol was blasting and saw the small correction holding the 170 levels....
stop loss : 170(can hold for long term as well) Target : 500(sky is the limit).
on 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...
price seems to be making wicks on lower time frame on 0.5 fib levels
150 and 130 roundoff support areas if it breaks down
will update after other structure formation
do let me know if you need any other coins update and analysis