I see that SOL is going on an uptrend with a very clear diagonal support.. but at one point it going to break it and go down. Also the hacking of the old wallets that have been done a few days ago, at the begining of the month of august could make this drop happen faster then anticipated, september being in general in the past a bearish month for crypto. This are...
Been watching SOL chart for quite a while; Another really fun one to trade - it's been holding trend very well over the past couple of weeks. At this point, I'm watching for a reaction nearing the longer term trendline identified in my earlier posts; A strong reaction could give us the bounce necessary for a breakthrough of the ~$47 resistance.
Even on the hein narrative of the exploit - it looks like we've got a perfect bounce on-trend. If this holds, I expect Solana to retest the $44.00 area. Any further breaks below trend that hold or close on the daily is likely bad news bears and we could see another leg down.
Following up on the SOL idea from a few weeks ago, which played out as we expected:
Let's see if history repeatsand solana pumps like it did back in February-March when it went from a $77.607 bottom to a 143.566 top.
The structure is similar and would coincide with a local top for the dxy. Until the dollar cools off and...
Solana looking interesting at these levels. Keeping up with the current crypto carnage and it's been holding up well as of late, but looks like it wants to roll over soon.
It was showing some good volume over the last two days, but looks to be forming the right shoulder of an h&s (pink/purple zone) → This could follow either the green or the blue drawings. It...
Hi all, I hope everyone's staying safe out there!
Looks like SOLUSD has hit it's local high and is now heading back towards possible lower lows.
If this BTC Fractal is followed we're looking at a price below $24 & $20 as potential targets as they line up with VRPR Volume peaks.
Stay safe & have fun!