At this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point.
I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue.
I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable...
SOLANA has switched from a Bull Channel to a Bear Channel.
We're now on the 7th day of this new bear channel.
RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023.
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Price is dipping, Observation of the price is on Sign of weakness, Im expecting price would manipulate the previous high , for buy OP on CRYPTOCAP:SOL look for demand zone being noted.
130-169$ is top? what you all think? Trade it or Hold it.
This is not a financial advice, CRYPTOCAP:SOL is on distribution above atleast 130$.
Follow for more ..
Congrats...
We are in a very important area. The red lines are a very tough resistance. If it is broken with strength, it can see higher targets. Otherwise, I will wait on the lower lines.
📊Analysis by AhmadArz:
Entry in high & low levels
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Watch this re-accumulation, the spring should take out the SOW low and bounce back hard. A spring should be a fast manipulation move meant to take out all of the liquidity before moving back the other way. If it doesn't bounce back fast, it's invalidated! Keep an eye out for it and if you play your cards right, you get a fantastic entry for the next move
Based on the provided market data, it appears that the SOL/USDT pair is currently in a bullish market. This is indicated by the Relative Strength Index (RSI) values which are above 70 for the 4 hours, 1 day, and 7 days frames, indicating that the currency is currently being overbought.
The Moving Average Convergence Divergence (MACD) values are also positive in...
Sol is a few steps away from hitting the target in the monthly frame. The two specified liquidity boxes have the ability to start a downward trend.
2 green dashed lines and then the green box will be buying areas for the target of $317.
NFA
New week, same old opportunities..
Based on the chart, we are still in a bullish cycle, SOL has just completed a correction to complete wave 4, so from here we are expecting the price to go up, in order for wave 5 of wave 3 to be completed, then we will follow what the market price gives us.
For now ride the wave to the ATHs.
This is only my Point of view before we can go higher! first leg must have confirmation, or the 2nd leg too, First target would be the first high 126$ if price keep pushing we might see 143-166$.
This is not a financial advice, trade it or own it.
Follow for more! I dont have reason to short for now. But were heading to march month, that month would be the...
Analysis:
Bullish Divergence in RSI: A bullish divergence is observed in the Relative Strength Index (RSI), indicating potential upward momentum.
Stop Loss Protection: The Point of Control (POC) from the volume profile can be used to protect the stop loss, providing a key support level.
Take Profit Levels:
TP1: Set the first take-profit level between the 23% and...
Solana has been on a 5-9 consolidation down to test the POC level on the 4-hour chart and also tested the 200 moving average and price action confirms that there is substantial buying pressure on those levels and the upwards trend is in play.
Hello everyone!
I want to warn those who have open LONG positions on #SOLANA. In the local perspective, we can expect a decrease in the asset down to $92.5 as a head and shoulders pattern has formed on the 1-hour and 4-hour timeframes.
The situation is also negative on the daily and weekly timeframes. Since the last local price high on February 14th, I have...
📈 Price Movement:
Rejection: SOL was rejected around $120 last week.
Retracement: Since then, it has retraced to the current trading price of around $107.00.
Support Level: The $105.00 level is holding as support.
💼 Trading Plan:
Potential Correction: Anticipating further market correction in the next week, possibly testing the bottom range level of support at...
SOL after the bounce from the support zone will go to $127. It's the completion of the flag pattern
🔵Entry Zone 107.32 - 110.70
🔴SL 104.53
🟢TP1 127.00
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If...
If you take a medium-term look at the Solana chart (4-hour or daily), you'll see a very impressive flag formation. Flag formations are usually indicative of an upcoming upward movement, with the condition that our flag's upper resistance needs to be broken for the rise to occur. In this chart, you can observe two different buying approaches. The first way is to...
