hello guys. Hope you are doing good .short position Solana - Probably if the market broke 103 it will go down until 85
In my opinion, best risk reward to purchase spot holdings of the relatively new Solana coin would be below $5. If the “Sell In May & Go Away” trade idea I posted yesterday pans out, this is where I see the price of Solana headed. In relative terms, I’m sure you would understand the implication for other alt coins. This trade idea is not financial advice. I am...
Price is bearish. In my opinion, it will likely touch $56 in the near term (daily chart). After a touch of $56, price will likely put in a bear bounce before continuation to $16, and then below $4. Bounces all the way to the floor. Not a buying buying opportunity until below $4, in my opinion. Resistance: $157.8 Support: $56, $16, $4 This trade idea is not...
Solana looks to be heading towards the monthly open level at 208 which is a golden pocket retracement from the previous swing high on the daily. Green horizontal lines : Monthly levels Blue Horizontal lines: Weekly levels twitter: @divitastrading
Technical Analysis Summary SOL/USDT TREND ANALYSIS We have 3 downtrend which is currently active in red The wider the stronger the downtrend FUTURE PREDICTIONS We have many resistanse and support levels that I have mentioned above. I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS). Yellow support level are levels from the past (more for...
Solana has claim to have the fastest blockchain in existense. Starting on March 2020 and the register price at $25 on August 4th 2021. Skyrocket up to $200 in just a few week. Now currently trading around $145 (when the article is written) With the lowest average cost of transaction, perhaps SOL could be the next Ethereum as their build has a promising...
Due to the recent p.a, I do not believe the price is being defended. I believe a retest of the July high @ $38 is likely. After that, I believe the price will begin an uptrend until around November 15th. This trade idea is not financial advice. I am not a financial advisor of any kind. Please responsibly manage your risk, stay safe, and do your own analysis.
Solana Update 21/09/21: Potential Corrective Move back to $99. See previous analysis below. Happy trading :) Just over six days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year. Within the last three days, Solana has gained over 49% in value, hitting our target at the 161.80% fibonacci level. From a quantitative, technical...
I believe it is possible for the entire crypto market breaks to a new weekly low. If the price of Solana fails to clear above $216, I believe it is likely to test support @ $180. If that breaks, I believe Solana will be offered in the $90's. Please not that my bias for the market is overall bullish. However, shakeouts are a part of the game. I have taken a small...