Solana Super Hype. The main (long-term) trend. Timeframe 1 week. Logarithmic chart.
Coin of the famous “hedge fund” Alameda-research. Despite the useful applications and development of various applications on this blockchain, the asset (coin) itself is in fantastic profits. Be careful when trading and follow risk management. This is the basis of profits.
This clamp zone, is also an uptrend confirmation zone (the trend line is green) and at the same time acts as a huge head and shoulders neck zone.
A secondary downtrend (its resistance is the red line) has been developing since the peak of the price swing, at $250 per coin (the main volume is $0.10, the chart can't display that. The Doge is smoking in the sidelines). The minimum price decline is -90%.
Every secondary trend is crazy pumping, just like LUNA was at one time.
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SOL/USD Secondary trend. Channel. Reversal zone.
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today 09/26/2023
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main trend and reversal zones in it (medium urgency).
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Logarithm. Time frame of 3 days. Secondary trend (part). A very clear ascending triangle has been formed. The price is being driven to its resistance at the moment. There may be a pullback from it, and then we will see. While the price is in the triangle (until the decoupling), it is hardly rational to open a position from the position of risk management. The reversal zones are shown on the chart. Percentages of formation targets are similarly shown as most traders see them. To "take profit" you should always take less than "expected" by the majority