Massive Sol breakout

23 במרץ 2022

SOL has broken out of a massive falling contracting wedge after correcting into a daily demand range with high volume bottom and rejection wicks to the zone on buyer side. MACD on weekly converging and showing signs of bullish momentum as the MAs converge. Breakout of downtrend on RSI resting above MA on 3D chart and looks to have reset for the next move up having reset and oversold. Weekly structure is bullish having out in a new high and this could be the formation of a HL.