SOLUSDT Is in corrective mode but we are now in a key area which could see it move to new highs. The next few days might give us a clue as crypto moves with the US Inflation data. The other possibility is a deeper correction back down to 100 before we see the big run to new highs.
Either way we will see new highs as this whole move from the March high is corrective.
Keep an eye on this one.
Enjoy the day.
Note
Slightly deeper correction but at the last area of support. Breaking the lows from here would send it down to the bigger ABCD pattern
Note
A quiet weekend in the Crypto markets. Still holding the 130 level though, below that and I think we see 100 again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.