SOL is forming a massive cup-and-handle pattern overall. However, when zooming into the short-term pattern currently unfolding, I believe we will see a false breakout leg on the fifth wave, leading to a 'flash crash' in mid to late April. After this occurs, the true breakout will likely happen on the seventh wave, taking out the pattern high and running to the top of the broadening wedge pattern—or perhaps even higher—given the bigger picture of a massive cup-and-handle formation that has been developing for over three years.
Good luck, and always use a stop-loss!
Good luck, and always use a stop-loss!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.