The daily price action in Parie Sol/BTC begins to paint a acute picture than the one that dominated the first quarter, according to the chart made available on Sunday by the experienced trader Josh Olszewicz.

One -day chart Sets off The opposite handbook and shoulder (IHS), which has been created since the beginning of March and is now approaching the neckline of about 0.00162 BTC. During the screenshot of the SOL was quoted at 0.001588 BTC. With bitcoins changing their hands near 94,765 USD, which place Solana for about USD 150 per coin.

The pattern anatomy is hard to overlook: March 19 at 0.00127 BTC (120 USD) creates a head, surrounded by higher falls on the left shoulder of March 11). The left shoulders are currently undergoing forming. The level of the neckline is compatible with the floor from the end of December, which collapsed in February, transforming forceful support into equally solid resistance. Measured from head to the amplitude neckline is about 0.00033 BTC; A pure break would mean a technical goal near 0.00195 BTC – a completely lower limit of the distant edge of the Kumo cloud.

Solana Bulls has a target

The chart is applied to the long -term configuration of Ichimoku (20/60/120/30). In the latest closure, Tenkan-seen sat at 0.00150 BTC, Kijun-seen exactly on the neckline at 0.00162 BTC, and Senkou was printed 0.001742 BTC, while the B range remained at the level of 0.002159 BTC. The cloud itself remains bears – chunky, red and above the head – but the difference of the span begins to compress, signaling the mmpet down. The decisive pressure on Kumo would cause the classic trade in the edge to the edge, focused on chapter B at around 0.00216 BTC (around 205 USD).

The stubborn configuration takes place only two months after the mirror image of the same pattern is completed. From mid -December to the beginning of February, Sol/BTC carved outstanding heads and arm, lost his neckline at the beginning of February and cascaded directly to IHS March. This abandoned symmetry gives an additional weight of the current formation, showing how faithfully the couple respected classic geometry over the past six months.

“1D SOL/BTC-IHS + E2E At some point, but not soon, probably late in May,” Olszewicz wrote to X. Anti-Attention is reflected in the fact that the price is still under the neckline and Kijun-seen, and Kumo is not skinny material until the last week. The premature attempt to stop risking rejection in the final testing of the right arm near 0.00151 BTC (143 USD), as well as where Tenkan-seen currently lives.

In particular, the chikou span (delayed line) remains below the price and clouds, emphasizing that the confirmation of trends is underway; Both Ichimoku purists and traders can therefore agree that 0.00162 BTC is the Solana Bulls line must definitely reverse.

If the target from edge to edge is achieved, SOL would add about 26 % compared to Bitcoins from current levels and regaining land at the beginning of February. If the neckline rejects once again, the protection of the front is skinny until double arms at 0.00145–0.00148 BTC; The break of this shelf annulled the stubborn work and the march will open again.

For now, the market is satisfied with the coil under resistance, while the clock is sticking towards the cloud inflection. Regardless of whether Olszewicz’s tardy schedule turns out that it will propose depends on his own bitcoin trajectory and a wider risk environment, but the price structure on the Solana/Bitcoin chart is clear: after a blue winter, the bulls finally have a pattern of defense.

During the press, the Sol traded for $ 149.

A distinguished painting created from Dall.e, chart from tradingview.com