🧠 Technical Analysis (SOL/USDT – 4H Timeframe)
🔍 Pattern Identified: Inverse Head & Shoulders
Left Shoulder: Around $137
Head: Dipped to ~$126
Right Shoulder: Formed around $135
Neckline Breakout: Successfully broken near $148–$150 zone
This classic bullish reversal pattern indicates a potential trend shift from bearish to bullish.
📈 Trend & Channel
The price was previously trading inside a descending parallel channel (marked in yellow).
The breakout from the upper channel boundary confirms strength and momentum shift.
🚀 Price Targets (Resistance Levels Ahead):
$158.36 – First resistance level (short-term target)
$168.52 – Mid-level resistance (medium-term)
$187.56 – Key resistance (long-term target area)
✅ Bullish Confirmation:
Breakout with volume from both descending channel and head & shoulders neckline
Price holding above neckline now acting as support
⚠️ Risk Note:
A retest of the breakout zone ($148–$150) can occur before moving higher
Invalid if SOL drops back below neckline and fails to hold above $145 support zone
🔍 Pattern Identified: Inverse Head & Shoulders
Left Shoulder: Around $137
Head: Dipped to ~$126
Right Shoulder: Formed around $135
Neckline Breakout: Successfully broken near $148–$150 zone
This classic bullish reversal pattern indicates a potential trend shift from bearish to bullish.
📈 Trend & Channel
The price was previously trading inside a descending parallel channel (marked in yellow).
The breakout from the upper channel boundary confirms strength and momentum shift.
🚀 Price Targets (Resistance Levels Ahead):
$158.36 – First resistance level (short-term target)
$168.52 – Mid-level resistance (medium-term)
$187.56 – Key resistance (long-term target area)
✅ Bullish Confirmation:
Breakout with volume from both descending channel and head & shoulders neckline
Price holding above neckline now acting as support
⚠️ Risk Note:
A retest of the breakout zone ($148–$150) can occur before moving higher
Invalid if SOL drops back below neckline and fails to hold above $145 support zone
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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.
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.