Technical analysis by basictradingtv about Symbol SOL: Buy recommendation (11/20/2024)

Solana (CRYTO:SOLUSD) is finally breaking above the highs:Click chart above to see the detailed analysis👆🏻In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.Levels to watch: $200, $500Keep your long term vision,Philip (BasicTrading)Trading update on Solana (SOLUSD): Click chart above to see the detailed analysis👆🏻 Despite Solana already correcting about -10% after creating a new all time high, Solana will still close above the major horizontal resistance. This all time high breakout is indicating the beginning of a new bullish cycle and the first conservative target is a quick rally of about +100% from here. Levels to watch: $500 Keep your long term vision, Philip (BasicTrading)Trading update on Solana (SOLUSD): Click chart above to see the detailed analysis👆🏻 Last month Solana perfectly closed above the major horizontal resistance at the previous all time high. This could technically still turn into a false breakout but if we look at the very bullish momentum, this is rather an unlikely scenario. Some short term profit taking is totally expected and healthy though. Levels to watch: $500 Keep your long term vision, Philip (BasicTrading)