How to play ⏯️ Solana strategy in the current range? Short at resistance Right now we are approaching the resistance area of $162 which is a confluence resistance area with the 50 day moving average. Latest candle upside wick almost touched it and went down. Time to short into the resistance area Will you be shorting?
Solana ( CRYPTOCAP:SOL ), a cryptocurrency, has experienced a 5% increase in value today, driven by significant on-chain activity and ecosystem growth. The market cap is down by 1%, but Solana's price has risen by 5.5% to $153, with a $69 billion market cap and a $3.2 billion 24-hour trading volume. The central driver behind Solana's recent success is its...
May 6 2024 - Forecast SOL Looks Fun Daily Updates
The cryptocurrency market has seen its share of volatility recently, and Solana (SOL) has been no exception. However, when we zoom out and take a look at the weekly timeframe, a clearer picture emerges. This article dives into SOL's recent price action and explores the potential for its next move. Solid Support at $149 A crucial observation from the weekly...
This idea uses elliott waves . Also it is wykoff pattern in smaller timeframes Use risk managment . Buy from bottom is better than sell now
sol/usd buy limit at 143 confirmed with entry on fib retracement 0.38
"Solusd looks poised for a downturn in this final higher high (HH), with RSI showing bearish divergence and a rising wedge pattern forming. 📉 Placing a sell stop order at the recent higher low (HL), setting SL at the recent HH, and TP with a 1:1 risk-reward ratio. TP2 targets the rising wedge's end. 🎯 This strategy follows technical analysis and risk management...
Looking for a coil, if breaks support 135$ or $125 then it is no longer a valid idea
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...
Solana, SO FAR, has been following in the same path as ETH 2020-21. This DOESN NOT mean it will continue. It will likely deviate in it's own way but so far, it's very similar. $700 - $1000 is not too entirely off the table. $777 is my personal target. NFA. I will keep this updated as we go and will show when or if we invalidate this altogether. No panic either...
pivot point theory on the daily says top of the range is heaven
Although Sol is running into fierce resistance we will give the benefit of the doubt to the Bulls. If they break through we have mapped out next upside target and resistance. Are you betting on the bulls to break resistance or betting on the bears to fight back and hold the resistance line?
Will it get through the hurdles? We have mapped put potential upside targets are ascending resistance zones. Are you buying or shorting at resistance?
Solana_ X _ Right _ Prices_ Under _ U.S. Dollar, Trading _ Venue _ Coinbase. Retest will hold within the key level of following prices before making higher level: Retest = $157, $155.10 , $149.16 , $146.42. Then expecting the following prices: $165.61 $167.00 $167.64 $169.98 $170.90 $172.14 $174.82 $175.08 Distribution price:...
SOL needs to hold the upward sloping trendline as support. If not, there is trouble brewing. Potential breakdown alert. We have mapped out the downside support price targets.
sol/usd in trendline and fib retracement highrt high and higher low
entry price ,stop loss and lot size in solana /usd in trending market according to doiw theory
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?