SOL: H&S + Pennant

SOL / TetherUS PERPETUAL FUTURES BINANCE:SOLUSDTPERP

anpeixi

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.

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