SOLANA 1-D CHART ANALYSIS

٢٠ يونيو ٢٠٢٢

Solana is gaining momentum

Key points of my analysis:

• Double bottom pattern formation (wich can bee seen more clearly on 4h timeframe);
  RSI bullish divergence (on 4h and 1D timeframe);
  Trendline exhaustion (The magenta trend line in the chart have touched with the price to many times meaning that this trend line is loosing strengh);
  (Magenta) Trend line and double bottom pattern confluence (if one of them break up the other is actually breaking up too giving more strengh and momentum to the move if it happens);
  

If we see a breakup in the next day/hours (what i expect), the first targets are 38,70 $ and 42,70$ wich coincides with Fib levels and local resistances.