SOL, possible bullish Spring setup, AB=CD on raising volume
Solana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis).
Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move.
Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout.
We hope for a test of the previous high and a runner.
Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move.
Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout.
We hope for a test of the previous high and a runner.
