$SOL in medium term
This is my points of view about the medium term for SOL.
Following the downtrend channel, the price has just finished 5 corrective waves and now turns to ABC or ABCDE in accumulation zone.
So, we need to consider about
1/ the breakout zone to get over the downtrend totally (>137), this resistance is very strong.
2/ the resistance zone to confirm the uptrend (>157)
3/ In case, the price can not get over the resistance, it will pullback to the accumulation zone to retest and confirm C (>100<) or D-E in the range of 80
NFA
Following the downtrend channel, the price has just finished 5 corrective waves and now turns to ABC or ABCDE in accumulation zone.
So, we need to consider about
1/ the breakout zone to get over the downtrend totally (>137), this resistance is very strong.
2/ the resistance zone to confirm the uptrend (>157)
3/ In case, the price can not get over the resistance, it will pullback to the accumulation zone to retest and confirm C (>100<) or D-E in the range of 80
NFA
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.