Bullish triangle pattern

3 thg 8, 2020

SOL

Bullish triangle on SOL. The price created the 4th wave. If the market breaks out the 5th wave. high probability price will continue making higher prices.
Monitoring the price action if the price breaks out the triangle.

Projecting the length of the widest side of the triangle upwards for the target price. And the stop loss should below the low of the 4th wave.

Interesting to note. the price restest the 50 exponential moving average twice without violating it. The 50 EMA seems to be holding as support.

If the rise reward is favorable I am looking to go long.

The 21859 level seems possible.

For let's wait and see