4-Hour Analysis:
Big Picture: Overall, the trend is down, but a pattern inside a pattern is forming. Sol is presently forming a converging triangle once more. This pattern has recently emerged numerous times on Sol and has hit targets with extreme precision. A break-out on Sol awaits.
On Upside the initial resistance now comes at 99.80. This resistance is quiet important for Sol to break for continuation to the upside. This is where EMA driving force and converging triangle breakout exits. A successful break paves path for 108 followed by 110 initially.
On the Downside Sol is once again exposed to the demand zone at 94.85-93. This level is likely to put a pause the decline. Whereas if price falls below this level, the next supports are expected to be seen at 90-88, followed by the 86 zone.
