Solana has broken down out of a rising channel only to create a new channel. Volume falling for 2 days. What's next? BINANCE:SOLUSDT COINBASE:SOLUSD
As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis: What is on the chart? (follow the steps) 1) A daily FVG that serves as a support zone. 2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily...
Solana is breaking down at a large symmetrical wedge. Daily time frame looks bearish. MACD weakening trend. Volume is breaking down. Just testing the top of the most recent VWAP range. If it continues down, look for support around the white VWAP line some where between the two yellow support areas. BINANCE:SOLUSD COINBASE:SOLUSD SOLUSDT
My first trade analysis of 2024 on Crypto Currency. Educational Analysis says SOLUSD may move in this range for some time according to my technical. Broker - Binance This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and...
In the previous analysis, I explained that Solana fake broke out. Except very strong resistance ahead, negative divergence in rsi. We have very negative news for the new strain of covid in America and India, and the outbreak of a strange respiratory disease in Turkey, the biggest lesson I learned from 4 years ago is: get out of the market or take a short...
I think Solana's last move is a weekly fake breakout. Dominance Solana is extremely risky in the weekly, daily and 4-hour time frames. be careful.
Solana is at a crucial decision point; fail to break resistance or rocket to the next level? Right now it's failing to get back into the bull channel, but hasn't yet broken to the downside. How do we trade this? If you're not already in a trade, wait to enter one! For a long, we need a test of Support at the 30EMA, or a break of the Previous Resistance line...
A bearish head and shoulders pattern appears to be forming on Sol. Upon the breakout below the neckline of the pattern, the anticipated target is $45✅. The current indications suggest that the price is on the verge of breaking the neckline. It's advisable to closely monitor Sol for further developments.
It seems that Solana has decided to go up with the "head and shoulders pattern" and comes down with the same pattern. A head and shoulders pattern is forming. If this pattern is formed and confirmed, the price will drop to around $52.50. Unless something extraordinary happens. Of course, these few steps down are very necessary and good in my opinion. Moving with...
Anticipating a correction. Resistance at this point may lead to a decline in Sol's price below $40. Let's observe. Personal opinion ,not financial advice
12h time frame - SOL creating a rising channel or could be called as bearish flag, it just hit the channel top and got rejection. Also, there were two times SOL hit the upper uptrend line, and both got further dump. Both dumps satisfied 0.707~0.786 Fibonacci Retracement, so we can set target at the potential Fibonacci level around 20.5~23, this trading provides...
BINANCE:SOLUSDT COINBASE:SOLUSD Hello Traders, please check out my previous ideas. In the next few days, Solana is expected to stabilize between near the red area. If the price breaks below the mentioned area, the price will drop to the level of 14$ (probably price receive support here) and then 13-12 area. ✌💥If you are satisfied with my analytical...
Educational Analysis says SOLUSDT may go Long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Long? Broker Binance Although the SOLUSDT Market is in a downward trend on a daily time frame, On 4 hours it is making higher lows and higher highs. So one trade is already on with RR is...
My predict. I hope it helps you find your entry point. Not financial advice!
There are few signs telling me to go down to 4. 1. Can't make higher high 2. Triangle pattern after Downtrend. 3. Cannot break 31 area in 1W TF. 4. Could be Bullish Flag pattern. 5. Solana reached 8 before and just doing pullback now. But remember Sol can just do fake break out from triangle pattern and go down.
SOLUSDT There may be either the end of the ABC correction or a continuation of the local downward movement. When the correction is completed, the nearest target will be at 24.70. If we continue to move down, we can see targets at the level of 20.10 What can you expect? Upward movement - if we see a breakdown of the level of 22.47 - local targets - 22.80...
Dear Traders, SOLUSDT is at perfect zone to buy big, what we have to wait for first, wait for the 10 hour candle to close and enter when another 10 hour candle open.