Price tends to move in pairs of two. Solana has an impulsive move after a steep selloff which indicated the bulls were entering the market. Price then consolidated while making higher lows. I’m now looking for price to make another impulsive move to the upside. Current price target is $37.00.
Trade active:
My first target of $21.25 has been reached. my long-term target is still $28.00 but id like to see price break above $23.00 first.
Comment:
Solana is currently consolidating around the $21.50 resistance level.
On the 15 min, price is starting to make higher highs and higher lows signaling a possible breakout to the upside. If price flips this resistance level into support ill be targeting $23.25
On the 15 min, price is starting to make higher highs and higher lows signaling a possible breakout to the upside. If price flips this resistance level into support ill be targeting $23.25
Comment:
Two days ago i mentioned that Solana was looking to breakout to the upside and price did just that today, breaking through the $21.50 resistance. A pullback is possible since the 4h and below are currently overbought but I won’t bank on it until there’s a clear signal. Other than that i don’t see much that will prevent price from reaching $24.00.
Comment:
Solana is current pullback seems to be coming to and end. price is currently trading at the .618 fib level (drawn from dec 29, 2022 low to feb 19th, 2023 high) and breaking back above the 21MA. If price can confirm this higher low we could likely see price test $36.78.
$63 c 12% gain
$65 c 69% gain.
It doesn’t look like we’ll see my $70.00 pt this week.