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s_hasan_zolanvar
Sep 16, 2021 5:47 AM

SOL about to make move 

SOL / TetherUSBinance

Description

Hi all and welcome to this analysis on SOL-USDT;
this is the 4H chart and we see that SOL price is being firmly consolidating in a triangle;
I think this could go either way, but I think can upward movement is more likely.
The pattern we see here is similar to a bull flag, also the price has recently sprung back strongly from the 0.38 Fib ratio level shown.

Let's see how this pattern will develope

upward target: 210 $ or higher
downward target: 135-100 $

check for volume and confirmation in any direction if you want to trade this.
Comments
lekbodflex
Looks like a bearish pattern
s_hasan_zolanvar
@lekbodflex, yeah looks like the bearish one is being played
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