This is SOLUSD inverted
A cup and Handle is present, with a flag formation above the handle
This will likely lead to another breakout (downwards, as the chart is inverted)
Daily Chart
Hello, TradingView community and my subscribers, please if you like ideas do not forget to support them with your likes and comment, thank you so much and we will start.
Today I want to talk with you about the SOLANA chart.
Price came down from 54.68 to 48.61 and hit the support level .
It will be a good opportunity and upward fuel movement .
So, I'm waiting...
After the Head and Shoulders Bearish Chart Pattern Price Target was perfectly reached:
Now SOL Solana has found a strong support from which it can reverse to $69.
Looking forward to read your opinion about it.
SOL/USDT As the ascending channel bottom resistance was broken and the overall momentum is bearish , it is most likely continue to trend down down to previous low.
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Based on technical factors there is a long position in :
📊 SOLUSDT-Solana
🔵 Long Now 52.35
🧯 Stop loss 41.00
🏹 Target 1 61.00
🏹 Target 2 75.30
🏹 Target 3 94.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Trading Setup:
A Trading Signal is seen in the SOLUSDT Solana .
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 44.65
⭕️SL @ 40.57
🔵TP1 @ 61.76
🔵TP2 @ 73.80
🔵TP3 @ 90.15
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our...
Almost two weeks ago, we did our previous idea for a couple SOLUSDT
Then at the price of $97 per SOL we wrote that the first tasty area of purchase in the area of $90. As of today, this trade is relevant, but you can make some adjustments in the part of additional purchase of positions and movement of stop orders.
Strong straits in the cryptocurrency...
A clear impulse move can be identified in the SOL (3rd leg extended) .
After the 5th wave of in impulse, there should be at least an ABC for the correction.
SOL is in the middle of that ABC. A huge move could be on the way after the end of correction.
A good price for the end of correction can be around 20-21$ and it need at least one year to get there.
...
This ascending traingle has been broken towards dwonside in Solana.... and there is an anticipation from me that the prices can go further down to retest levels around $45- $46 levels....
If you can relate to my trading idea, please like and ask any question in comments... (:
Earlier, we share the Solana analysis for both the scenarios. Good thing, it moved in our bullish direction and is continuing in doing so. Right now, the stops should be at break even.
As you can see, Solana is sitting at a support line right now from which it can bounce to the $101 resistance.
The ultimate price target is $55, if it completes the massive head and shoulders bearish chart pattern.
Looking forward to read your opinion about it.
Based on technical factors there is a long position in :
📊 SOLUSDT Solana
🔵 Long Now 82.06
🧯 Stop loss 74.00
🏹 Target 1 93.00
🏹 Target 2 110.00
🏹 Target 3 140.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Hi,
Quite a similar idea as my previous one with ADA . These two have made solid higher highs and also they have quite decent support which allows forecasting that these boxes might print a new higher low for further growth. Is it a short-, or mid-term, this is your call but still, worth trying these areas to make some gains.
Do your own analysis and good luck!
Vaido
Solana is looking bearish after huge pump up, BTC is looking better but still I think correction will come soon.
Strong support is on cca 100-105€ after that 90-94€.
