MellanyCB

MellanyCB

SOL seems to be in this rising channel. On lower timeframe there's a triangle. I hoped we would see more consolidation but I'm not sure we'll get it................. I don't expect much downside in the immediate short term if the market remains bullish.

MellanyCB

Probably some sideways now that BTC is stealing the show. Building support in this blue box S/R area. Overall super bullish. I expect it to go sideways for some hours until we reach the support line of the rising wedge. There it's decision time. We obviously can break out sooner. IF the market doesn't do anything strange, I expect it to break to the upside...

MellanyCB

These levels are the ones to watch. We'll probably go down to meet the measured target of the head and shoulder pattern. On the lowest time frame you can see that support and resistance levels are perfectly tested and confirmed. Any trade should only (and always) follow after confirmation of the following direction.