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R3ncso
Nov 20, 2023 2:18 PM

SOLUSDT Head and Shoulders maybe 

SOL / TetherUSBinance

Description

Excuse me!

What stands out in front of me is that this could be a possible shape?
There is no perfect bottom for all 3 triangles.
I would like someone else to look at it and form an opinion.
There is a large support zone around $40, but around $68, as if there was strong resistance, and around $62, the exchange rate formed a second smaller peak.

Is it possible to bounce down?

R3ncso

Trade active

It looks like my idea that the price will go down as part of a correction seems to be fulfilled.

Trade closed: target reached

The head and shoulders shape has reached the desired position.
I will come back later with a similar analysis.
Comments
behdark
I enjoyed your analysis. That had some good points.thank you
imaddudeen87
SOL has rallied since 15 Oct until today. Testing supportand going sideways should be expected already.
R3ncso
@imaddudeen87, This can also be an idea. I will definitely look into that possibility as well. Thanks.
MyCryptoParadise
Impressive analysis, really detailed!
R3ncso
@MyCryptoParadise, Thank you very much!
I have even more analysis, worth a look.
willquiner34
Nice one mate, i'll be watching
UnknownUnicorn60802882
Good work.
Patos26
good stuff, im looking at 33-39 for buys huge gap there. Also at 46-49 may see some sort of reaction.
tokentradertv
Good eye!
mirdasorig
Yeah see the same shit, but it seems bouncy.
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