Hi everyone, SOLUSDT looks bullish, here's why
Previouky, last month to be exact, SOL has been in a correction phase after an impulsive move to the upside
Now a breakout occured from that correction phase, which also broke a local resistance.
We expect a rest on the resistance which was broken to validate If it's now a support level.
The retest happened but on its way to the retest a descending channel was formed. And this a good sign of bullish movement. If a breakout occur from the top of the descending channel we should expect the next impulsive move to the up side.
If you like my analysis don't forget to like and follow for more
Trade carefully and ensure you have risk Management.
Previouky, last month to be exact, SOL has been in a correction phase after an impulsive move to the upside
Now a breakout occured from that correction phase, which also broke a local resistance.
We expect a rest on the resistance which was broken to validate If it's now a support level.
The retest happened but on its way to the retest a descending channel was formed. And this a good sign of bullish movement. If a breakout occur from the top of the descending channel we should expect the next impulsive move to the up side.
If you like my analysis don't forget to like and follow for more
Trade carefully and ensure you have risk Management.
