$SLNH Soluna Holdings

Getting better at technical analysis is more than just pattern recognition, its learning to anticipate and understand emerging structures happening within the charts

In this example, we have a clear falling wedge and,
- A gap fill
- Bullish divergence (lower low on price + higher low on Williams %R)
- A dragonfly doji (aka bullish reversal candle) printed at the bottom of the lower trendline of the triangle on last day of the year which has now resulted in 2 strong green back to back days on positive volume

To confirm the breakout, 2 trendlines need to be broken
1. The yellow dotted downtrend line since October. A daily close above this would be a good start
2. Yellow horizontal resistance to form a higher high / above the 0.5 fib

@MarketMaestro1 thanks for being a good teacher over the last year