BARSTrading

SOL trying to fight its way up

Long
BINANCE:SOLUSDT   SOL / TetherUS

That image above is the exact same chart on a Daily time frame.
You can see the SOL has started its climb up.
It broke a nice long resistance line, and is slowly rising again.
If it follows the trend like MATIC has done (chart in my profile), then we will definitely see a sharp rise soon.

As per our indicators and chart pattern, we are opening a long for SOL.
TP levels are highlighted in the chart.
Right now it is in a zone of resistance, so clearing this will be a little big of a challenge, but the real problem is that red line above around $80.50.
That ~$80 mark has served as a major support before during all time high runs, and its used it as support multiple times. I am expecting that to be a very strong resistance now, because it hasn't spent much time around that price range.

Therefore, I expect the price to be rejected around the $80 mark, and for it to come down heavily before it slowly starts accumulation, and the demand for it increases again.
At that point, anything above $80 is very bullish.

I leave this chart here for future references. We have averaged close to +24,000% on SOL in the last year alone, and this is a new start and we are already close to +500%. I am expecting this coin to blow up as it has in the past.
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