SOL: H&S + Pennant
SOL / TetherUS PERPETUAL FUTURES BINANCE:SOLUSDTPERP
BINANCE:SOLUSDTPERP
We have a head and shoulders patten forming at a local high, followed by a pennant .
The pennant confirms an upcoming breakout from a consolidation period.
We could see a retracement back to $120, this is reasonable given the past few days of green candles, and an overbought indicator on the daily charts .
Drawing a fib retracement from the last swing at $100, we see that $120 lies on the 0.618 fib level – a very important level.
