SOL just broke out of its descending channel and is headed to its ATH.
With this impulsive move I expect a break of the current ATH with my first 2 targets being 54 and 62.
The important support level being 42, if we break it we could see a move back down to 38.
For now, we are looking for a break and a close above 48 on the 4H chart which would confirm our bull case for SOL.
Again, don't forget to watch Bitcoin on the side as its movement will affect the rest of the market.
Any questions?
Good luck traders,
Remember to focus on protecting what you have and never break your rules
Habib
With this impulsive move I expect a break of the current ATH with my first 2 targets being 54 and 62.
The important support level being 42, if we break it we could see a move back down to 38.
For now, we are looking for a break and a close above 48 on the 4H chart which would confirm our bull case for SOL.
Again, don't forget to watch Bitcoin on the side as its movement will affect the rest of the market.
Any questions?
Good luck traders,
Remember to focus on protecting what you have and never break your rules
Habib