SOLUSDT might be forming another right shoulder of a W-bottom (light blue line). The target drop is around $131, which happens to be the mid-point (0.5) of the descending channel—a reasonable support level.The first right shoulder has already formed, and its drop was exactly the same as the left shoulder—both at -47%.
However, the best-case scenario would be if it finds support at the upper boundary of the descending channel. Let's see if it can hold there.
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Trade closed: target reached
Target price reached. See if it can hold and prepare for future pump.
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[Follow me] to see my 'guesses' on future scripts of various cryptos.
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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.