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(SOLBTC 1W chart)
The question is whether it can move above 0.0011394 and lead to a move out of the downtrend line.
A dip below 0.008297 could lead to a sharp decline, so you need to think...
i have marked out the current highs and lows of the channel we are in although the lows are around 22 i do see 24 as an entry right now to go up and test 26 area and look to break out on this test i will also take profits at 26 and hold a trailing SL
The solana is in a virtual bearish channel, but at the same time it is about to start an impulsive leg to stress the upper edge, confirmed by the RSI which indicates exhaustion of the selling forces. When you reach the upper edge, you may experience resistance from the Cloud of Ichimuku.
⚠️Here are the supports and resistances at 1H:
This post is a continuation of my ongoing efforts to fine-tune a predictive algorithm based on deep learning methods.
Last post in this series:
Previously, the algorithm correctly projected SOL's breakout to the upside following SOL's consolidation at around the $16 mark.
As a next leg, the algorithm predicts that a noticeable continuation to the upside is...
A deep learning algorithm that I am currently working on predicts that the price of SOL (Solana) will experience a breakout to the upside in the coming days. I am posting this prediction to have it recorded for future reference.
Deep learning algorithms are a type of Machine Learning algorithm designed to learn and improve their performance over time through...
In the past few days, we have witnessed SOL's once steadfast $100 support level utterly collapse, in the process becoming a new level of resistance. As a result, the price of SOL dropped today to the next support of around $80. A brief retracement to the .618 level (~$96 ) was observed due to the following technical indicators:
RSI : The RSI has entered the...
Solana is currently in a wave 2 correction. We have one move left before the correction is finished.
We are currently looking for one final move lower before loading up for the next bullrun where we may see Solana hit +1000.
Our buy zone is below the structure level indicated in the chart. A move below that structure level will be a valid wave C.
Looking for buying opportunities around $24 to $20. In case of a weekly close below $20 the price can drop to the next support at the $13,5 area. Very small chance to close below $12, in that case the bottom should be at $5 and i will go all in.
MACD shifting to the upside and RSI broke the diagonal resistance.
set alarms and DCA your way in.
HODL time: 3 to 12...
🔥Hi, friends! Solana is pumping at the weekends again. The price reaches $26.8 mirror level which is strong resistance for the price. SOL already falls for -10% and reaches the lower boundary of the wedge.
📊 MY TRADING PLAN FOR SOL:
1. close the imbalance: $21.5-22.5 or $17-20.5
2. return the price above these imbalances
3. volume growth which confirms the...
Solana, a great innovative blockchain with a lot of promised potential.
While each altcoin is oscillating between the confusion of BTC direction and Bull Run, Solana Touched the bottom around 9$ and made a quick reversal of almost 160%.
While fundamentals are being overlooked for SOLANA, this blockchain still has TA on its side.
SOLUSDT made a high of 26.8$...
A few days of the rapid growth of the SOLUSDT price has given many owners of the coin hope for super-strong growth.
But not everything is as good as it may seem at first glance.
Firstly, the SOLANA project is very much connected with FTX and Co (the show on this situation will last for many months, if not years). More details about the amounts involved and...
Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable,
Points to consider,
- Price action impulsive
- Daily S/R Support
- .618 Fibonacci Support
- MS Higher Low
SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618...