🚩SOLANA - Need Breakout
(Bullish Ascending Triangle Pattern)
👉 #Solana appears to be breaking out of its downstream channel, which could be a good entry point to be in the next potential impulsive-wave towards its ATH, and the final target price at $290 (calculated from the triangle entering trend).
👉 Over the past 5 days, price has tested at least 3 times the 61.8% Fibonacci retracement level, which should validate strong support. We also have the EMA200 placed below the price as support, and the EMA100 above the price as resistance!
To speak frankly, it would be better to wait a bit for a clean breakout before taking any position.
👉 #SOLUSD Take-Profit Targets:
▫️Buying Entry on 27/09: $132-144
🔹TP1: $152
🔹TP2: $170
🔹TP3: $191
🔹TP4: $222 (ATH) +59%
🔹TP5: $290 (ATH) +107%
(Bullish Ascending Triangle Pattern)
👉 #Solana appears to be breaking out of its downstream channel, which could be a good entry point to be in the next potential impulsive-wave towards its ATH, and the final target price at $290 (calculated from the triangle entering trend).
👉 Over the past 5 days, price has tested at least 3 times the 61.8% Fibonacci retracement level, which should validate strong support. We also have the EMA200 placed below the price as support, and the EMA100 above the price as resistance!
To speak frankly, it would be better to wait a bit for a clean breakout before taking any position.
👉 #SOLUSD Take-Profit Targets:
▫️Buying Entry on 27/09: $132-144
🔹TP1: $152
🔹TP2: $170
🔹TP3: $191
🔹TP4: $222 (ATH) +59%
🔹TP5: $290 (ATH) +107%
Power Crypto Club
🚩SOLANA - Need Breakout (Bullish Ascending Triangle Pattern) 👉 #Solana appears to be breaking out of its downstream channel, which could be a good entry point to be in the next potential impulsive-wave towards its ATH, and the final target price at $290…