SOL - Falling Wedge Breakout
Please Refer to our previous post:
After we broke the previous high on the line chart we drew a yellow line at $202 and said long any retests of this line. On the altcoin flash crash, SOL perfectly retested our yellow line and is up almost 15% from the retest!
Now we can see price has been squeezing in between a falling wedge pattern. Right now SOL is testing the top of the trendline. If we can start seeing 12H candles close above this top line, SOL will have broken out and will be visiting new all time highs.
After we broke the previous high on the line chart we drew a yellow line at $202 and said long any retests of this line. On the altcoin flash crash, SOL perfectly retested our yellow line and is up almost 15% from the retest!
Now we can see price has been squeezing in between a falling wedge pattern. Right now SOL is testing the top of the trendline. If we can start seeing 12H candles close above this top line, SOL will have broken out and will be visiting new all time highs.
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