Bullish Continuation Pattern Signals Over 20% Upside Potential?
Hi Realistic Traders, let's delve into the technical analysis of
SOLUSDT
On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish trend. Recently, it has formed a bullish chart pattern (symmetrical triangle) and breached the upper trendline. Such a breakout typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 185.72. Subsequently, the price may revisit the pullback zone before establishing a new high and achieving the second target at 227.21.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on SOLUSDT."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
SOLUSDT
On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish trend. Recently, it has formed a bullish chart pattern (symmetrical triangle) and breached the upper trendline. Such a breakout typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 185.72. Subsequently, the price may revisit the pullback zone before establishing a new high and achieving the second target at 227.21.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on SOLUSDT."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
トレード稼働中:
Breakout confirmed with a bullish candlestick
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Market is going no where, we will wait until there's a good setup then I will post again
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Now the coin is going somewhere, Inverted HnS breakout
It may hit the target soon :D
It may hit the target soon :D
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Hit the First Target after waiting for several days,
Guys you must remember losing streak or winning streak isn't permanent, Traders must get use to it. Managing your risk is a key to success in this industry.
Guys you must remember losing streak or winning streak isn't permanent, Traders must get use to it. Managing your risk is a key to success in this industry.
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