$SOL D1 Potential Bearish Cypher Formation
• Possible bearish cypher harmonic pattern formation with D-leg completion on 79% Fib level touch plus a rejection from its 75% key resistance trendline.
• Market trading above bullish NT with a recent EMA GX.
• May retest VAH once again and a break together with its 62% key resistance trendline could mark the completion of the pattern.
• TFO in overbought status which is a precaution for a potential correction in the lower frames.
Key break points to WOF:
• $175.900
• $176.480
• $177.922