Sol is approaching a year long trend line with possible momentum to brake it.
Currently we are bullishly consolidating just below and today at the very bottom of a bullish flag formation reaching its end.
If support for sol is real at this price level, the chart will show it by holding this flag leading to a brake to the upside for what could be a 50% price move.
Case for bullish move is the daily 200 moving average has finally been pulled down the current trading range, possible reverse head and shoulders pattern, bullish flag consolidation. Looking at the wave trend and stochastic oscillators we can also see some roation to the upside from the bottom of their range.
Either way a significant move the upside or down side is likely as we approach the end of the flag and the 200 moving average.
If Sol cannot hold its current range a hard sell off is likely.
Currently we are bullishly consolidating just below and today at the very bottom of a bullish flag formation reaching its end.
If support for sol is real at this price level, the chart will show it by holding this flag leading to a brake to the upside for what could be a 50% price move.
Case for bullish move is the daily 200 moving average has finally been pulled down the current trading range, possible reverse head and shoulders pattern, bullish flag consolidation. Looking at the wave trend and stochastic oscillators we can also see some roation to the upside from the bottom of their range.
Either way a significant move the upside or down side is likely as we approach the end of the flag and the 200 moving average.
If Sol cannot hold its current range a hard sell off is likely.
