New ascending channel?

Looking at the recent pullback after the FOMC meeting it appears SOL is forming a new ascending channel, hopefully similar to the recent ascending channel leading up to the announcement. The price (thankfully) reversed upward and found resistance at the .786 fib level then continued to a similar thing at the .618 pulling back down and flipping the .786 to support. It's looking like a healthy recovery so far to me. I'm expecting SOL to follow the new smaller ascending channel leading into October. If we see another rate cut in late October hopefully we'll see a breakout higher rather than a breakdown this time. I'm new at this game so please let me know if I'm way off!