{"id":12284,"date":"2022-07-16T09:17:45","date_gmt":"2022-07-16T09:17:45","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12284"},"modified":"2023-05-11T09:19:46","modified_gmt":"2023-05-11T09:19:46","slug":"solusd-broke-above-its-triangle-bullish-bias-ahead","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/07\/16\/solusd-broke-above-its-triangle-bullish-bias-ahead\/","title":{"rendered":"SOLUSD Broke above its Triangle. Bullish bias ahead."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Solana (SOLUSD) broke yesterday above the Lower Highs (top) trend-line of the Triangle pattern that it has been trading in for the past 1 month. The pull-back that followed has been quicly contained today above the 4H MA50 (blue trend-line), which has established itself as Support, with the 4H MA200 (orange trend-line) being right below on the 0.618 Fibonacci retracement level.<\/p>\n<p>Still, there is a clear Resistance and Support Zone to consider. As a result, it would be best to trade this on a break-out approach. A break above the Resistance targets the -0.5 and 1.0 Fibs in extension, while a break below the Support targets the 1.5 and 2.0 levels. The RSI Res and Higher Lows can also help us trade on the short-term within a range.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/SOLUSD\/zZ0d0jG9-SOLUSD-Broke-above-its-Triangle-Bullish-bias-ahead\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/SOLUSD\/zZ0d0jG9-SOLUSD-Broke-above-its-Triangle-Bullish-bias-ahead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Solana (SOLUSD) broke yesterday above the Lower Highs (top) trend-line of the Triangle pattern that it has been trading in for the past 1 month. The pull-back that followed has been quicly contained today above the 4H MA50 (blue trend-line), which has established itself as Support, with the 4H MA200 (orange trend-line) being right<\/p>\n","protected":false},"author":611,"featured_media":12285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12284"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12284\/revisions"}],"predecessor-version":[{"id":12287,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12284\/revisions\/12287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12285"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}