SOL is almost ready for a major reversal. We are seeing the penultimate leg before the final drop. Once that's done, it would be in the perfect place to buy.
Right now, we can enter short term buys back up to around the 56 level.
Short Term Trade Idea: LONG
- Buy with stops below the recent lows
- Target 56
Short Term Trade Idea: SHORT
- Once we're at the 56...
Looking at possible down trend on Sol,
Heading $39 or lower with end result around $30-25 depending on BTC in the next few coming weeks
Make sure to keep watching its highs and lows as it follows its waves, keep shorting and longing to keep Scalping those SOLs while at lower price!
Hi Everyone! We have potential to run up toward the white/aqua upper b-bands in the 12-hour and/or the yellow b-band basis in the 24-hour. We also see potential to run up to the White Lower B-Band in the 2-Day time frame. This will take a little time to play out and the potential is there.
Happy Trading and Stay Awesome!
PS - I delayed about a half...
#SOL/USDT Technical Analysis:-
As per chart Solana now in Bear market.
Bear Pennant also Breaking Down.
If Break down then I am expecting more Blood bath in Price.
First Down side price may test $37 and $23
So Be safe with any trade.
Bear Pennant Poll high is -47% so Target is also -47%
Resistance is $50 so Below $50 Solana is Bearish.
What is a Bullish Flag Pattern?
The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend.
How does Bullish Flag Pattern?
The flag pattern resembles a parallelogram or rectangle marked by...
📈Analysis of Solana cryptocurrencies
The price has dropped a lot after the downward trend and the conditions related to the Luna project and the whole market have come and gone.
Considering the chart conditions and the arrival of candlesticks on the midline and the positive market conditions, if we see an upward wave, considering the start from the midline, we...
Solana recently broke out of a descending trend and is now within a correction, leading towards double bottom. In our last analysis, we had 2 possible structures for retest and it appears the double bottom structure is where we'll retest. This would be a great place to look for possible Buy opportunities.
The trade idea is very simple.
- Watch for...
As I mentioned in my previous analysis 🐋
the price hit the target 💣🐋
it is close to support area and the trend line ✔️
if the price breaks the trend line and resistance area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Hello everyone, let's take a look at the SOL to USDT chart on the 1 hour timeframe. As you can see, the price moves in the local channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 48.41, if the support breaks down, the next one is $ 45.72 and $ 42.01.
Now let's move...