SOLUSDT is moving rising wedge pattern.
On the chart, I marked the strong support zone 20.00. it is worth paying attention. we can see that the price is forming a squeeze to this zone.
The short-term target on the chart is the nearest support line 35.2 ~ 37.5 and the liquidity zone 48.50, the medium-term target is 54.07, the long term target is 77.30
❇️Buy : 40
🎯TP1 : 44
🎯TP2 : 48
🎯TP3 : 50
🛑 STOP LOSSE 🛑
1D Candle closing under 38
Share your opinion in the comments and support the idea with Like.
Follow me on tradingView, if you don't want to miss my next analysis or signals.
Thanks for your support!
SOL/USD is in a bullish trend. The price action is currently at the HL on a support zone with a bullish candlestick pattern while the RSI is making a LL (Hidden Bullish Divergence) . Expecting bulls to push price higher towards resistance.
Solana Seasonal Tendency:
SOL also has a strong 100% bullish bias with average gains of 127% for the month of...
solusdt is placed in the corner of the triangle and has to choose whether to break the resistance or correct downwards. All the evidence points towards the breaking of the dynamic resistance, which, if realized, will rise to the expected level.
This coin can grow well by forming a double bottom pattern
To enter the transaction, I wait for the pullback to reach the level of the previous ceiling, and I mean the neck line, that (green line.The blue lines ) : are trading targets 🤑make sure to make a profit💸
Good luck 🎉
Price is currently ranging between the 4h demand at $37 and the 2h supply at $46. MACD is not clear, RSI is bought and EMAs are neutral. I expect price to reach the supply where we would be looking to short from.
✅SOL bounced off the support level and headed up. It is quite possible that the price will reach the resistance level. Be careful.✅
🚀 BUY scenario: long to 45.5.🚀
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Price bottomed out in June 13th and has been navigating through an ascending triangle.
I'm expecting the resistance along the flat-top of the ascending triangle to hold one more time.
This would also qualify as a Hagopian gap, which should push price down substantially and out of the primary fork.
A perfect place for the short term down-move to...
The price bounced exactly on the monthly support at 26$ area and now the price is testing a key level on 4h timeframe.
How to approach it?
IF the price is going to have a breakout and retest it as new support, According to Plancton's strategy , we can set a nice order
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
SOL has been trading bearish ever since it double-topped around $46.5. However, this means that we can start looking at bounces.
Wait for SOL to reach the bottom support line. If it holds, this could indicate that SOL will continue it's horizontal trading pattern and move back up. Target placed at the top resistance.