Technical analysis by MarkStPeter about Symbol SOL: Buy recommendation (11/13/2021)

Hello Traders, Take a look at the chart. We have a potential bullish continuation pattern forming on Solana's chart. We've seen the resistance be touched four times now, which sets us up for a strong breakout, either to the downside or upside. Price action has formed a Flag pattern with downward sloping volume, confirming the pattern. There is strong resistance at the $241-244 range, upon a successful break above this resistance zone, we could look at targets of $255+-$285. Giving us a 9-20% ROI potential. Safe trader = Wait for a break above resistance. Risk trader = Taking trade now w/ tight SL. (This is a higher risk on the weekends, as they present a higher level of volatility. ) Never financial advice. Good luck!