SOLANA, Extensive Broadening-Wedge Potential to Unfold!

Hello Community,

moving into the year of 2023 the cryptocurrency market is full of hidden crypto coins with a paramount capability and therefore as I analyzed the market I found several cryptocurrencies that have a great setup to move forward with. One of them is Solana, especially as it recently bounced off the $8.00 with a healthy shift into the $13.00 mark Solana is now building an interesting formational structure worthwhile to consider. As when looking at my chart now we can watch there Solana is forming this major broadening-wedge-formation and such a formation is likely to convert into a strong breakout and volatility potential once the formation has been completed with the breakout above the upper boundary for which Solana has a high likelihood possibility to complete with. Especially on the local structure Solana also has main supports as marked in my chart once by horizontal support and once by the 100-EMA and the 65-EMA which also build huge supports in this area as seen in my chart. Now, when Solana finally settles above the upper boundary and builds the confirmational breakout as it is marked in my chart this will be the setup from where Solana will have further continuation developments to be lined up and in this case, the final broadening-wedge target-zones marked in my chart will be activated and there will be a high possibility given for Solana to reach out to these target-zones. After the targets have been reached further determinations can be made.

In this manner, thank you everybody for watching. Let's move forward together.

The information provided is only educational and should not be used to take action in the markets.