Hello traders
as you can see in the Title , SOL price after the big dump about 70% since 19 may is in the accumulation phase and hold weekly support 18.66$ ,
also price create nice triangle pattern but important thing here is that overall trend is bearish in the 1D time frame but in the weekly SOL still remain bullish ; so if price break above the resistance line and close 4H at least with volume so we can open long position because weekly trend is bullish and price still holding the weekly support.
I hope you enjoyed this analysis.
Do not forget to like and subscribe.
as you can see in the Title , SOL price after the big dump about 70% since 19 may is in the accumulation phase and hold weekly support 18.66$ ,
also price create nice triangle pattern but important thing here is that overall trend is bearish in the 1D time frame but in the weekly SOL still remain bullish ; so if price break above the resistance line and close 4H at least with volume so we can open long position because weekly trend is bullish and price still holding the weekly support.
I hope you enjoyed this analysis.
Do not forget to like and subscribe.
