spot trade, downside risk ~30%, upside 8x
Solana has established itself as the premier alt L1 this cycle, trading 45% off the highs w/ catalyst of WW3 and network congestion, latter of which will be fixed soon
bull market dips are for buying
Solana has broken down the channel. It is now on thin ice green support line. $120 has to hold strong line of support. Do u think it will hold or bounce?
SOLUSD i believe we just had FAKE OUT and did get most of us (lol)...
As you can see in the chart, after break down with the H&S market did come back and tested multiple time but fail to trade above it, and keep create STRONG RESISTANCE AREAS.
I believe for SOLUSD to go up and break this RESISTANCE AREAS needs to come down for more discount
We have DAILY...
As we can see we fail to trade above WEEKLY Resistance (183.90 Area) and Bears looks are very in control at the moment
The high possibility to go as low as 137 before we see Bulls come back
I have sell here and my target for now is 144-137, which will be good DISCOUNT AREA to go long from there (with confirmation of candles of course)
Hollaaa :)
Taking a look at current short term resistance (str) and short term support (sts). Retest at 205 was unsuccessful and the the sellers have gained momentum. Preparing for deeper correction to previous levels of support.
Whilst the "Descending Triangle" was being heavily promoted in the market, I still don't think this was the case but a complex sideways action due to a correction possible wave(4) and fundamentals!
Solana has broken out of the channel. We need a confirmation today above the channel. If it confirms next few days then we have mapped out in the Blue line how we predict price to move
My expectation is for price to move into the marked box, then afterwards continue with the downwards movement.
What are your thoughts?
Follow if you find value here ❤️
This analysis examines the Solana (SOL) price chart on the 4-hour timeframe, highlighting a technical pattern that suggests a possible bullish reversal.
Adam and Eve Double Bottom Pattern:
The chart appears to be forming an Adam and Eve double bottom pattern. This pattern is generally considered bullish and indicates a potential reversal of a downtrend. Here's a...
Solana / SOLUSD touched the 1day MA50 yesterday for the first time since February 24th.
That happens to be exactly on the long term dashed Channel Up.
If its holds the 1day MA50, buy and target 400.00.
If the 1day MA50 breaks, we expect a slightly lower bottom like on January 23rd.
On that occasion, buy when the 1day RSI hits its Support A Zone and target...
We have been following the trend of Solana for some time now.
We are now seeing buyers trying to push prices higher this is after market made a high around 209.90 .
After which the market moved lower to make a retest at a crucial low around 159.20 - 167.70 .
Now that we are seeing some signs of the buyers coming back, I will be looking to see if we can get a...
Price is moving as anticipated towards the 20/12/2021 (198).
Need to see a break above this zone so as to give some more steam to the bullish bias.
On the other side we have some interesting lows to keep an eye out on. The first low we need to see buyers defend is 176.80
The final line of defence for buyers is the range between 159.20 - 165.84 . Break...
The correlation with bitcoin before the halving is significant in my opinion and so while this descending triangle seems convincing the elliott wave count would say otherwise if correct!!!
Solana has confirmed the breakdown and is forming a 🐻 flag. Price is heading towards the support line. Would you be shorting? Sell the rip or buy the dip?
Hello 🐋
Considering the chart
if we lose our ascending channel we will see more correction close to our support and our support area is based on the fib 👌💪
then
if we wont lose our support I see more gain for the price 📈🤞
it is logical to see
some range movement too 📚💡
both
targets are clear on the chart ✌🎇
📖💡 Feel free to express your perspective by...
SOLUSD price is at a critical juncture, The recent decline in DEX trades coupled by increased failed transaction on the chain plus the bearish technical structures further consolidate a bearish picture for the coin.
anticipating price to crawl back to 160.05 {fib 23.6}
