As you can see from the chart, it formed a double bottom on the weekly support and is moving upwards. RSI shows bullish and the KDJ indicator is also showing upwards trend. Targets are marked on the chart. Not a financial advice. DYOR before trading.
SOL is attempting to break above the down trending resistance, but the larger bear flag is still in play, so we could see a small push to the upside towards the resistance at the bottom of the bear flag, which would invalidate it if broken, but a rejection from it would confirm it!
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(SOLUSDT 1W Chart)
The key is whether you can support and rise in the 28.47-37.55 section.
(1D chart)
Resistance: 42.20-46.85
You need to check if you can get support and climb in the...
Solana is moving between two zones and now has a downward movement.
On the 4H Timeframe price is testing 200MA as resistance.
Bears are taking the initiative based on the RSI chart (4H TF)
TD Sequential has formed a reversal signal downwards (30m TF)
I expect a drop if SOL holds under resistance.
Hello there.
Retest of the trend after a break down.
Target : Red arrow and more if new trend in confirmed
If the trend is break by the up. Stop trade. Care about BTC.
Good luck
sol is in a downtrend channel and the Overal Trend is bearish,
the chart is clear, check the chart and take your trade with stop loss,
my Recommended Trade for low TF(4H, 1H,30M):
you can short red Areas and put a stop top of the area
and long in green areas and set stop loss below of the area,
Remember do not over trade in mentioned areas,
,
Hi friends! Solana consolidationg inside the triangle and it will going to pump to the closest targets: $35 and $40. It is possible if BTC start to grow from the current price of $18900 to 20-21k.
Now the price is also trade betwenn two huge value areas. If Sol break it up, it will be additional bullish confirmation.
📊 Why the price can Pump? Take a look on...
According to the higher timeframes (4H, 1D), the price has been forming a rising flag ever since price touched the 26.2 support zone back in June. The price is now at the lower trendline of the channel, and it has formed another rising flag within the lower timeframe (15min, 1H).
I am anticipating the price will break out of the smaller timeframe channel, retest...
You can easily see that the left draws a clear harmonic pattern. There is only one problem. What price will point C correspond to?
Although the C leg of the pattern also seems to be complete, there still does not seem to be complete price stability. There is a possibility that the price will fall to fibonacci 1.13 and change the current harmonic pattern to shark...
solana is nearing it’s downward trend line and is looking for a breaking, with lots of confluence around 41-42 as a near target also using bitcoin as confluence from the lows.
the price is testing the daynamic daily resistance and 4h static resistance inside an ascending channel.
The price needs to create a clear breakout from it and retest the supply zone as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵...
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The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the bear flag is definitely broken and retested.
This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave.
Solana started with a strong impulse wave in 2020, which...
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