(SOL) blow off top? (H&S) possible scenario in coming weeks
Hello traders,
Usually all my technical analysis posts are strictly (BTC) but this (SOL) chart is very interesting with what it's done.
120x in one year is insane, everyone who bought this coin early 2021 or even within the last few months would be up a lot of $$$.
The entire SOL community is euphoric and reminds me of BTC at it's peak (ATH).
People are telling me it's going to $1000 & $5000 which is completely irrational and shows the emotional state people are currently in that are involved with this specific ALT coin.
The demand zone once this comes down is between the two blue rectangle boxes.
This will be VERY interesting to sit back, observe and watch.
Please like/comment.
👍
Usually all my technical analysis posts are strictly (BTC) but this (SOL) chart is very interesting with what it's done.
120x in one year is insane, everyone who bought this coin early 2021 or even within the last few months would be up a lot of $$$.
The entire SOL community is euphoric and reminds me of BTC at it's peak (ATH).
People are telling me it's going to $1000 & $5000 which is completely irrational and shows the emotional state people are currently in that are involved with this specific ALT coin.
The demand zone once this comes down is between the two blue rectangle boxes.
This will be VERY interesting to sit back, observe and watch.
Please like/comment.
👍
Trade active:
