$SOLUSD - WATCHLIST -
Added 2024-10-16 09:15:14 +0000 UTCOk things are looking very good here for Solana as Crypto starts to prepare itself for a potential move.
Large bullish flag has been in place since March, which was the ABC correction, with Wave C holding on the 0.5 Fib, so I am happy with that
Since Wave C held, there has been an ascending triangle formed.....which is my favourite bullish formation
Price is also above the 50 and 200 Day MA and above the blue support line which cuts through both MA's
So a break and holding above $163 and the bulls are in the driving seat
There will be a test of resistance at $181 to get out of the bull flag but the 1.618 Fib is the target at $209 for Wave 3.
If $BTC makes its move, Solana and $ETH will likely move well with it
I am fully committed to $ETH but I like this set up here and $BTC
Comments
Entered sol because of this chart and to think I couldnβt find it π
Chris H
2024-10-24 15:31:42 +0000 UTC
