Solana's Inverse Head & Shoulder Pattern In The Making

1 Jul 2022

The inverse H&S pattern is developing and likely to show fully on this chart.

We are looking at Solana vs Bitcoin (SOLBTC).

Not only this pattern but we can also see prices holding above EMA10;
The highest volume in the last two weeks (volume breakout);
And a very strong RSI.

We can also look at this from a different perspective, and that is the "same pattern".

We can notice a low 12-May followed by a lower low 13-June.
This precedes a bullish breakout.

It is normal to see a correction/retrace after the initial breakout.

This correction/retrace is now coming to an end all across the board.

It ends in a higher low that leads to a higher high...

The next target/additional details on the chart.

Thank you for reading.

Namaste.