SOL goes to the exit of the triangle
Hello everyone, let's take a look at the SOL to USDT chart on the 1 hour timeframe. As you can see, the price moves in the local channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 48.41, if the support breaks down, the next one is $ 45.72 and $ 42.01.
Now let's move from the resistance line as you can see the first resistance is $ 51.34, if you can break it the next resistance will be $ 55.82 and $ 59.98 and $ 66.16.
Looking at the CHOP indicator, we can see that in the 1H interval, energy has energy and starts to grow, while the MACD indicator shows a blue line over the red one, which could confirm the local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 48.41, if the support breaks down, the next one is $ 45.72 and $ 42.01.
Now let's move from the resistance line as you can see the first resistance is $ 51.34, if you can break it the next resistance will be $ 55.82 and $ 59.98 and $ 66.16.
Looking at the CHOP indicator, we can see that in the 1H interval, energy has energy and starts to grow, while the MACD indicator shows a blue line over the red one, which could confirm the local upward trend.
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