Solana Technical Analysis Continued 2/26/24-2/27/24
As discussed in my previous post, Solana has formed a parallel channel beneath a huge multi month trend line. The movement of the last four days have confirmed my previous technical analysis and have confirmed the parallel channel theory. Now we wait to see if we break out of the top of the flag as I expect us to. Time will tell.
See previous post if you are confused.
Not Financial Advice.
Today 2/27/24 we see in the 8hr chart a retest of the parallel channel. This channel has now been tested three times and it appears a very large move is coming over the coming days. Bitcoin is at 57k, but market wide the technical analysis is giving the impression that we are just in the first leg of this run. The cycle seems to have just begun. We have seen 15k -> 57k and 8-120 on $Sol. Would not be surprised to see Bitcoin over 200k and Sol in the 4-500 range as discussed in previous post. We will see over the coming days how $Sol reacts to the top of the flag.
Not Financial Advice.
