SOLANA formed an inverted head and shoulders pattern on both daily/intraday charts.
Following the release of last Friday's fundamentals, the market experienced a significant surge, breaking through its neckline and a strong falling trend line.
This led to a consequent strong bullish movement and change of character CHoCH. These broken structures now form an expanding demand zone.
I will be looking for a buying opportunity in this zone, anticipating a bullish reversal towards the 150 support level.
Following the release of last Friday's fundamentals, the market experienced a significant surge, breaking through its neckline and a strong falling trend line.
This led to a consequent strong bullish movement and change of character CHoCH. These broken structures now form an expanding demand zone.
I will be looking for a buying opportunity in this zone, anticipating a bullish reversal towards the 150 support level.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Related publications
Disclaimer
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.