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KYLEKILLJOY

SOL on the resistance zone

Long
Solana (FTX:SOLUSD)  
KYLEKILLJOY  
FTX:SOLUSD   Solana
Trend Analysis Chart Patterns Technical Indicators SOL solana SOLUSD solanausd Cryptocurrency cryptotrading nftproject altcoin altseason
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trendanalysis chartpattern indicator sol solana solusd solanausd cryptocurrency cryptotrading nftproject altcoin altseason
Hello fellow traders! Currently SOL is on the verge of a possible break out of the month long downtrend channel.
The pros are;
the WEEKLY bullish divergence taking place. (shown on last chart)
The MFI has support at 70.
Price has support at 100 ma (4 hr)
*opinion* undervalued project

The cons are;
SOL is at the top of a month long resistance channel
RSI showing resistance at 60
Currently in downtrend

Let me know you're opinions :) Good luck and set stop losses!
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