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Solana Analysis [January 26, 2022]
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Inverted Head and Shoulder Pattern.
Trendlines were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart.
I believe the chart pattern says it all. Ultimately, we will be seeing ourselves at all time high soon, with Fib giving an insane take profit price.
Note that it is not compulsory that price action exactly follows the path drawn, but this gives an idea about what should follow.
Feel free to comment.
Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
Trendlines were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart.
I believe the chart pattern says it all. Ultimately, we will be seeing ourselves at all time high soon, with Fib giving an insane take profit price.
Note that it is not compulsory that price action exactly follows the path drawn, but this gives an idea about what should follow.
Feel free to comment.
Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
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