Happy Wednesday Afternoon, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
SOL has created a Higher Low 3 days ago, could SOL continue its agenda of printing more Higher Lows?
If SOL is able to break out of the Red Descending Resistance Extended Trend Line and reach the Red Resistance Bar ($115-$120) it would create a Double Bottom Chart Pattern.
And if SOL manages to break out of the Red Horizontal Resistance Bar, the measured move should take SOL to towards $157 (potential resistance at $148, previous support level on the 13th of December 2021.
SOL breaking all resistances would mean price could reach the 50% Fib @ $170, 55.9% @ 180 and eventually the Golden Pocket with a price range of $191-$197
If SOL gets further rejected by the resistance trend line, SOL could dip back down to its previous support level at $80.83.
SOL is still below the EMA Ribbon.
4HR Chart:
Stoch RSI (1Wk TF): Has a lot of upside potential.
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
SOL has created a Higher Low 3 days ago, could SOL continue its agenda of printing more Higher Lows?
If SOL is able to break out of the Red Descending Resistance Extended Trend Line and reach the Red Resistance Bar ($115-$120) it would create a Double Bottom Chart Pattern.
And if SOL manages to break out of the Red Horizontal Resistance Bar, the measured move should take SOL to towards $157 (potential resistance at $148, previous support level on the 13th of December 2021.
SOL breaking all resistances would mean price could reach the 50% Fib @ $170, 55.9% @ 180 and eventually the Golden Pocket with a price range of $191-$197
If SOL gets further rejected by the resistance trend line, SOL could dip back down to its previous support level at $80.83.
SOL is still below the EMA Ribbon.
4HR Chart:
Stoch RSI (1Wk TF): Has a lot of upside potential.
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
