Solana formed a descending triangle pattern and has touched the support level. If this support is strong enough to withstand bearish movements, then the target is at level 144.83 or at the resistance pattern. However, you need to remember that this pattern is a bearish continuation pattern, which means that if this pattern breaks down, Solana will fall deeper. I...
If I see a red candle closing below the supply zone, I will be shorting till the demand zone TP 137 SL will be above the highest wick above the supply zone, and then trail it down as we go
MAY 9 '24 -SOL- FORECAST Leeetss Gooo!!! HAPPY TRADING!
May 6 2024 - Forecast SOL Looks Fun Daily Updates
i dont think it's really possiblehonestly but imagine?
Solana looks like it's breaking the upward trendline. 4H chart indicates it's in a overall downtrend and bouncing right now from the 200 EMA Will be shorting now with SL above the previous high $150 and TP at the lowest DEMAND ZONE
bearish harmonic pattern sol/usd entry - 146 stop loss - 156
After posting recent high of 210.18, SOLUSD was under downward trend line. After making double bottom formation and bullish divergence at 4hr and 1 hr time frame, the instrument gave breakout of downward trend line and triangle pattern. After testing back the trend line, it is expected that bulls will get strength. Entry :149.25 TP-1: 180.78 TP-2: 201.50 SL: 125.50
This idea uses elliott waves . Also it is wykoff pattern in smaller timeframes Use risk managment . Buy from bottom is better than sell now
"Solusd looks poised for a downturn in this final higher high (HH), with RSI showing bearish divergence and a rising wedge pattern forming. 📉 Placing a sell stop order at the recent higher low (HL), setting SL at the recent HH, and TP with a 1:1 risk-reward ratio. TP2 targets the rising wedge's end. 🎯 This strategy follows technical analysis and risk management...
Solana daily chart break out 👀 Price target near $162 Right now we have a breakout from the red downward sloping trendline. Next up resistance zone and 50 day moving average Will you Short at resistance?
A good sign that the bottom could potentially be in. Of course there’s always the possibility of some sort of unexpected bald swan to dump the market much further, but even then that could be such a temporary occurrence that by the time the weekly candle closed it still closed the candle body above this neckline. At the bare minimum I get the vibe that at least...
FTX Estate’s 3rd Round of Sales Commences for Locked SOL Tokens After concluding the second round of the auction for the locked SOL tokens, FTX estate kickstarted the third tranche on May 1. It was reported that the 1.8 million CRYPTOCAP:SOL tokens sold in the second round saw the liquidators fetch approximately $232 million after a multi-week sale. While bids...
We bounced off the support zone as we had expected 👊 We should try to go back up to the resistance zone🎯 Did you buy at the support zone? Boost if you agree with us!
SOL price is trading in no man's land and is not worth to trade until a trigger happens. My bias would be for a sweep of low $130 (likely touching $128 in a liquidation event) and restart the growth. First target 140 second target 150 if we get that.
Hello Guys, this is just an idea and I do not think this will happen. To be honest I see Sol hitting well above 500$, but so far SOL is replicating the movements of the 2022 bear market fractal. We have to deviate from it, as long as we stick with it looks a bit worrying, ngl. Especially because what I just said: If everyone believes one thing, it is likely...
sol/usd buy limit at 143 confirmed with entry on fib retracement 0.38
Looking for a coil, if breaks support 135$ or $125 then it is no longer a valid idea