Hi all,
Solana is making a predicted move to the upside today.
It's currently trading in a Unilateral triangle so we might still see a bearish push in the future to break down, but like everyone else I'm hoping it will break upwards.
The analysis shows us that the current move is following a cup and handle pattern, with a Buy order just indicated by the 7day crossing over the 25day moving average. We are hoping that his will be enough of a push to break past the 99day moving average and up to the next major resistance at $48.
If we however get rejected at the 99day we will see it drop back down to the bottom of this triangle before more consolidation at around $32.
Good luck all and happy trading.
Solana is making a predicted move to the upside today.
It's currently trading in a Unilateral triangle so we might still see a bearish push in the future to break down, but like everyone else I'm hoping it will break upwards.
The analysis shows us that the current move is following a cup and handle pattern, with a Buy order just indicated by the 7day crossing over the 25day moving average. We are hoping that his will be enough of a push to break past the 99day moving average and up to the next major resistance at $48.
If we however get rejected at the 99day we will see it drop back down to the bottom of this triangle before more consolidation at around $32.
Good luck all and happy trading.