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tradepsych

Is SOLANA about to BREAKOUT?

Short
SOL / TetherUS (BINANCE:SOLUSDT)  
tradepsych Updated   
BINANCE:SOLUSDT   SOL / TetherUS
Support and Resistance Parallel Channel solana solusdt SOLUSD solanausd solusdtshort
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supportandresistance parallelchannel solana solusdt solusd solanausd solusdtshort
Solana is trending up in it's channel on the 30min chart.

If it breaks out through the channel on a candle close, look for it to move higher.

If it rejects the channel resistance, look for it to test the bottom the channel and repeat.

SOLUSDT SOLUSD

#Solana #BTC #SOL #SOLUSD
Comment:
Solana continues to range between the channel and just broke below the bottom on the 15 min.

snapshot
Comment:
Very interesting pattern just formed.

snapshot

SOLANA broke down out of the first channel and has now formed a new channel based on the trajectory of the the wedge it was previously in.

What do you think?
Comment:
Solana is now testing the top of the bear channel it's been in for a while.

Watch for candle closings above the top of the channel, especially 4 hour time frame or higher. If candles start to close above the channel top, look for a BIG move up.

snapshot
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