I am waiting for a breakout above 49.7. Breakout is confirmed when a 3H candle closes above the mentioned resistance line.
MAs are intensely congested, and it could be the start of a bullish line-up.
We've been stuck in this range for quite a while, and volume indicates that a big move is on the horizon.
My targets are: 60, 65, 76, 88
Sharing my Technical Analysis with you. Solely meant to improve my learning curve. Hope you like it.
EngineeringRobo is Bullish for SOLOUSDT at the moment. Consolidating at the moment. If you consider BUYING wait for the daily close above the 50 area resistance line
You have SOLOUSDT? As long as EngineeringRobo is bullish and the candles are above...
Solana is a fast-growing blockchain ecosystem that shows incredible progress for SRM, Waves, and others. solana.com
Now, we are moving in an upward channel. After testing the lower line of this channel, I think we will break the upper resistance line and go to $60.
Hi every one
SOL / TETHERUS
SOL/USDT has started to move in a broadening wedge which is good pattern for bulls in this situation as you can see the broadening wedge can easily increase the price up to 56$! There is also a hidden bullish divergence (+HD) on MACD as well that is a great bullish signal as well!
Traders, if you liked this idea or have your opinion...
SOLANA - Technical Analysis - Tactical Horizon (1 to 3 weeks)
Context : SOL/USDT is progressing within a long-term bullish trend developing a wave III (Elliot wave account) confirming the follower momentum in progress.
The is no risk of trend dislocation for the time being as long as 33,90 remains support in order to progress towards the Wave III target at...
SOL seems to be in subwave 5 of wave 3 now. aiming for it to end around slightly above 60 $, before it corrects at wave 4. seems to have also finished the second wave inside the subwave 5. so could be a good spot for longing here up to the end of wave 5... Unless BTC dumps more here off course. to see the smaller subwaves,zoom in on a lower timeframe..
Today we present to your attention the analysis of the SOLUSDT trading pair.
We see that Solana is growing on the hype wave, with almost no corrections.
Share your thoughts and news in the comments that could lead to continued growth.
If we analyze purely, then what can be seen on the chart, we see a parabolic growth, almost already vertical.
We also have witnessed in last BTC DUMP that SOL was the only coin going against Whole Market.
Right now it's just behind $50 Psychological Resistance.
Once it's broken, $100 Psychological Target is just a matter of Time.
Currently it is Sitting Perfectly at Daily Support of $39 and in Accumulation Phase.
Volume and Price action shows:
Target 1: 86
Target 2: 167
Target 3: 268
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!
Solana is a great ecosystem project that can be compared to Polkadot, but for now it's faster to send SOL and it have less supplies, this timeline analyse is very preservative, TA have to be combined sometimes with FA to adapt trends.
i know this graph could be a bit complicated for some peoples but it's just a fibo channel + fibo Timeline, combined with impulsive...
We can see the last dips of the accumulation phases of SOL/USDT chart before by blue arrows.
On 1st cycle it made %137 and on the 2nd one it made up %129 in the shorter time frame.
Now, we might at the start of the 3rd one and i'm expecting another %120+ movement to 87$ soon and even in the shorter time frame.