$SOL (4hr)
Solana made a double bottom pattern identified on the chart by the turquoise R setup and has broken out on heavy volume. But what happens now 👇
Diving into the technicals we see a few issues that might prevent this trend from potentially running further without more of a cool down period. There are valid reasons I for suggesting this. After price moves through enough resistance levels and the buyers eventually become exhausted. 👇
The signs here on the chart is the resistance zone coupled with the live bearish Divergence trying to form again no the live current candle. We have to see how that signal decides to confirm but right now its giving us clues that the weekend cause bring us a pause in momentum.
I will be updating everyone Sunday evening or first thing Monday morning as long as you guys keep commenting below on these posts for me. Have a great weekend. 🤝 😎
$SOL
Solana made a double bottom pattern identified on the chart by the turquoise R setup and has broken out on heavy volume. But what happens now 👇
Diving into the technicals we see a few issues that might prevent this trend from potentially running further without more of a cool down period. There are valid reasons I for suggesting this. After price moves through enough resistance levels and the buyers eventually become exhausted. 👇
The signs here on the chart is the resistance zone coupled with the live bearish Divergence trying to form again no the live current candle. We have to see how that signal decides to confirm but right now its giving us clues that the weekend cause bring us a pause in momentum.
I will be updating everyone Sunday evening or first thing Monday morning as long as you guys keep commenting below on these posts for me. Have a great weekend. 🤝 😎
$SOL
