Hello guys!
Solana has completed a double bottom pattern and broken above the neckline, signaling bullish momentum. Here’s the breakdown:
1-Pattern Formation
A clear double bottom has formed around the $200 zone.
The neckline breakout happened at ~$213–214, confirming the reversal.
2- Momentum Confirmation
Bullish divergence on RSI supported the double bottom.
While price made equal lows, RSI showed higher lows → early sign of trend reversal.
3-Entry Options
Market entry
Pullback entry: Around the $210 area, in case of a retest of the neckline zone.
5- Target
The projected move from the pattern points to $222.
This also aligns with the next resistance area.
Solana has completed a double bottom pattern and broken above the neckline, signaling bullish momentum. Here’s the breakdown:
1-Pattern Formation
A clear double bottom has formed around the $200 zone.
The neckline breakout happened at ~$213–214, confirming the reversal.
2- Momentum Confirmation
Bullish divergence on RSI supported the double bottom.
While price made equal lows, RSI showed higher lows → early sign of trend reversal.
3-Entry Options
Market entry
Pullback entry: Around the $210 area, in case of a retest of the neckline zone.
5- Target
The projected move from the pattern points to $222.
This also aligns with the next resistance area.
Trade active
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Related publications
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.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Related publications
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.