Well, this isn't what we want to see.
Sol has tried to break the curvy channel, which would gain volatility and push the price most likely up. But fundamentals aren't favorable for the markets and price is still within that range - if it doesn't breakout soon, It risks breaking out to the downside, fulfilling the Head and Shoulders pattern with an extremely low target.
Have in mind it can still fakeout to the downside - the HS needs a succsessful retest before proceeding further. Watch this area!
Good luck!
Sol has tried to break the curvy channel, which would gain volatility and push the price most likely up. But fundamentals aren't favorable for the markets and price is still within that range - if it doesn't breakout soon, It risks breaking out to the downside, fulfilling the Head and Shoulders pattern with an extremely low target.
Have in mind it can still fakeout to the downside - the HS needs a succsessful retest before proceeding further. Watch this area!
Good luck!
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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.