SOL broke out of the bearish trendline and flipped to a bullish structure. Since then, a bullish flag has formed in the daily timeframe.
The price is now just below the 200 EMA, which is acting as resistance. A clean breakout above this level could trigger the next leg up.
Dynamic EMA Crossing Indicator– which flashed a Buy signal recently, giving more confidence to the bullish setup.
If the flag breaks out and the price clears the 200 EMA, the next target is around the 180 zone (resistance).
The price is now just below the 200 EMA, which is acting as resistance. A clean breakout above this level could trigger the next leg up.
Dynamic EMA Crossing Indicator– which flashed a Buy signal recently, giving more confidence to the bullish setup.
If the flag breaks out and the price clears the 200 EMA, the next target is around the 180 zone (resistance).
Trade active
Broke 200 EMA with volume. Watching for consolidation and continuation
Watching for a retest of the 200 EMA for potential long entries if a pullback happens.
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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.
Tip Jar
PayPal - paypal.me/vickyprudhvi
PayPal - paypal.me/vickyprudhvi
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.