#SOL USDT 1H CHART ANALYSIS...
Sol Now Trading Inside A Parallel Trend Line Chennel. I Will Not Suggest You To Take Entry Now. Don't Take Entry Until It Breakout Upper Trend Line Or It's Full Fill The Double Bottom Pattern As Like As My Xrp Analysis. Be Patience... Here In My Chart You Already Seen 2 Types Of Price Move Drawn...
Short Term Trader Always...
& we see a big rejection under the yellow line in the #BTC chart where the traders come and sell their #BTC in the 40K$, #BTC must respect the 35k$ to go bullish.
Solana ($SOL) is an absolutely solid play when it comes to altcoin picks. The blockchain, when compared with Ethereum, provides faster transaction speeds and lower cost and is set to take some market share away from Ethereum as a result
I see a nice entry on the 4HR timeframe
$SOL Target 21.58 for 47.81%
Or next add level is at 7.62
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
SOL has a beautiful and Encouraging pattern. If it could be stabilized above the 35, the way to the targets 41.5 and 50 would be open. But we should still look at the pattern what happens in the next step. Then we could decide with reasonable data.
Note : Have your own analyze before any action.
Look at the Weekly RSI, we are now under the horizontal red line, this indicate that we are now in bear trend; but the parallel channel indicate that we are still in bull trend, this is amazing and incredible :), guys i'm bullish but be carful #BTC can go down to one more time in the end of this week or the next week to make a double buttom.
Hi everyone,
The market situation is quite strange but as promised I will do a "technical analysis" for altcoins. There are some quite good opportunities but some of them are still very risky to buy because there isn't a good area or criteria to stick with.
To be said, and as you see from my ideas, almost all of them should come down a bit to reach the buying...
SOL is currently trading above the support zone of $24.11 and close to the resistance at $30.86. If it can flip the resistance at $30.86 to support, we could start seeing a move towards $35.19, $40.19, $45.19, $52.31 and $61.39. If this resistance of $61.39 could be flipped to support, we could see another bigger move towards $87.59 and $129.98. Failure to hold...
After this china fud dip auto-repeat, it's time to go shopping.
no danger no glory like they said. Solana ecosystem is a monster.
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Trading Parts :
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- Buy Zone : 29-30$ (not all in!)
- Rebuy Zone : 25.15$
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Updated View On SOL/USDT (19 MAY 2021)
We had a strong BUY UP candle yesterday but it came with the strong wick/pin.
To us, it can be seen as weakness.
If we have a strong BEAR candle today, we can expect it to go to $48 again.
DYODD, all the best and read the disclaimer too.
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Thank You!
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