$SOL - Head and Shoulders and MASTER trendline + Price Targets
I point out important items in my included chart. If you enjoy my TA, please consider liking and following. Thanks!
1) The all important ascending trendline (GOLD) that has been the most influential TA asset since the 10X run this year.
2) The POSSIBLE Head and Shoulders pattern.
Should Solana break through the golden trendline and the neckline of the H&S then we could see further downside. However, the trendline has been a major influencer of the price action.
What do I think? I believe that we continue up. That we continue to respect the golden trendline and make new all time highs very soon. But I'm not biased as I have a lot of money in Solana so take my TAs with a grain of salt.
Here are my price targets.
#1 $242
#2 $276
#3 300
-longer term-
#4 $780
#5 $950
1) The all important ascending trendline (GOLD) that has been the most influential TA asset since the 10X run this year.
2) The POSSIBLE Head and Shoulders pattern.
Should Solana break through the golden trendline and the neckline of the H&S then we could see further downside. However, the trendline has been a major influencer of the price action.
What do I think? I believe that we continue up. That we continue to respect the golden trendline and make new all time highs very soon. But I'm not biased as I have a lot of money in Solana so take my TAs with a grain of salt.
Here are my price targets.
#1 $242
#2 $276
#3 300
-longer term-
#4 $780
#5 $950
Note
Looking great so far! H&S rejection is the works. Keep an eye out for further price action.Note
If we break this current pattern, I expect a jump up to our first price target.Note
An important note.Should the price break the $204 level, you'll see the current bearish head and shoulders turn into an inverted BULLISH H&S.
Note
Now the bears have to consider the inverse head and shoulders pattern. Constant tug of war and my money is on the bulls.Note
However, I do want to add that even Solana will have it's dips. We need to watch out for a triple top. The market always reacts opposite of what everyone believes, when we think it's going to moon, it dips. Keep this in mind when trading, especially with crypto.
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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.