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...
In this post, a double top pattern could materialize on the price movement of BINANCE:SOLUSDT on an intraday perspective. Upcoming full chart breakdown on the idea threads below. Happy trading to everyone!
📊 There are three golden points hidden in this analysis and position, which were designed according to my own strategy. Tips: 🎯 First point: 1️⃣ When the trend line breaks from the ceiling, it is better to wait for a pullback. Second tip: 2️⃣ When we are in a strong upward trend, we should wait for its second leg. Third point: 3️⃣ from where the powerful candle...
Solana has almost left it's 4hr reaccumulation trading range. The expectation now, if it is to continue bullish will be a break of structure to the upside, a short continuation above the BC(buying climax) and AR(automatic rally) before a slow pullback to mitigate the AR area. If solana achieves these steps we will expect an explosive move from the AR region on...
I don't think I even need to label this - here's a picture instead to compare
SOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress. Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup...
I'm really hoping it doesn't play out this way, I would much prefer the accumulation and the bullish scenario, I think we all would. The thing that concerns me though is that the measured move from the high we just put in perfectly lines up with the bullish weekly OB and the monthly FVG, so stay on guard here and be careful
Nice Local Accumulation going on here, likely target is the high at $102.59
Here's what I'm seeing on SOL right now for the bullish case $167.67 Weekly FVG lines up with the 1.618 from Waves 1 + 3 and happens to land right on a very macro fib time
This is the other scenario I'm watching today over the next few hours - this could turn into a re-distribution. Obviously I would prefer if it went ahead with the accumulation but we may need to come down lower before we see a real spring
Looks to me like we're setting up the beginning stages of a distribution, or a re-accumulation. Here's the next couple steps. I'll update once we see how they shake out and let you know where I think it's headed next
Solana has recently broken structure on the 4 hour time frame. We are currently seeing a lower low and the trend bearish, possibly reaching for previous lows at 93.53 and 91.13. This idea is for educational purposes only and not to be construed as financial advice. #sol #solana #solusd
or... We continue up into this daily supply for the SOS on this larger accumulation