TradingView
IkkeOmar
Apr 3, 2023 11:50 PM

Potential breakout after retest on SOLUSDT Long

SOL / TetherUSBinance

Description

We should see a breakout at some point from SOL if it starts to outperform ETH:

SOL is currently heavily underperforming ETH, wait for SOL to outperform ETH while it's above the 0-line

The breakout I see is similar to the recent ADA play:


The line i have drawn isn't exactly how I view it, it could go lower in the channel before breaking out, it's obviously just a draft. Look for the levels!

The target is the purple line (-1 fib channel level)
Comments
InkyGrip
A good analysis of the SOLUSDT!
IkkeOmar
@plancton0618 thanks a lot man
IkkeOmar
Target hit! Without any entry plan, it would be approx 28% return
More