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untoldanalysis

SOLANA(SOL) Breaks Long-Term Downward trend Line

Long
SOL / TetherUS (BINANCE:SOLUSDT)  
untoldanalysis Updated   
BINANCE:SOLUSDT   SOL / TetherUS
Support and Resistance Trend Lines Head and Shoulders solana SOL Trend Line Break
14
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supportandresistance trendline headandshoulders solana sol trendlinebreak


* 1D

SOL broke through a long-term downward trend line that has continued since Nov 2021.

I think it's going to go up right away if it's supported at $21.1, and if it's not supported, it's going to go down a little and then go down.


snapshot


* 4H

If you look at it in more closely, It is important to support the blue downward trend line.

Comment:
snapshot

* 4H

Blue trend lines are currently supported.
However, it faces $21.9 resistance.
Comment:
snapshot

1st TP Reached After Breaking Green Long-Term Downtrend line Since May 2022.

It's up about 20%.
Comment:
snapshot

The second TP has been reached. 50% profit
Comment:
snapshot

* 1H

Solana is currently undergoing adjustments after rising more than 50%, with inverse head and shoulders pattern and ascending triangle pattern going on simultaneously in the short term.
Trade closed: target reached:
snapshot

All TPs have been reached +220%
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