Hi all and welcome to this analysis on SOL-USDT;
this is the 4H chart and we see that SOL price is being firmly consolidating in a triangle;
I think this could go either way, but I think can upward movement is more likely.
The pattern we see here is similar to a bull flag, also the price has recently sprung back strongly from the 0.38 Fib ratio level shown.
Let's see how this pattern will develope
upward target: 210 $ or higher
downward target: 135-100 $
check for volume and confirmation in any direction if you want to trade this.
this is the 4H chart and we see that SOL price is being firmly consolidating in a triangle;
I think this could go either way, but I think can upward movement is more likely.
The pattern we see here is similar to a bull flag, also the price has recently sprung back strongly from the 0.38 Fib ratio level shown.
Let's see how this pattern will develope
upward target: 210 $ or higher
downward target: 135-100 $
check for volume and confirmation in any direction if you want to trade this.