Over the course of a month, SOL has produced a nice triangle for us to trade. After the fake breakout two days ago, SOL is again in the first triangle. After the initial bounce from the support this morning I'm expecting a short correction, after which the price will increase again.
Happy trading!
The price is creating a triangle on daily time frame. Waiting for the clear breakout. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
overall. the stock is excellent in the long run and in the chart it is characteristic that it reacts to the charts and can grow up to 21.5264 in the medium term.
We see in SOL a clear continuation pattern with a bullish pennant. We expect the price to leave a daily candlestick with a close near the high and with enough body. In 4H TF we can expect the price to break the top of the triangle and a support in this part, where we would execute our order. Our target is 40% with a risk of 20% of our position...
SOL is the biggest ADA competitor at the moment, and I am curious in learning more about the project in the next days.
If anyone know it well, please feel free to share thoughts on it.
Hi every one
SOL / TETHERUS
the SOL/USDT has formed a symmetrical triangle which means if the break out happens the price can increase as much as the measured movement (AB=CD)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals,...
Long accumulation in a range (23 days)
- 2 fake breakouts
- Plenty of volume
- Clear and clean local downtrend
- Global uptrend on D1
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
ps - from a subscriber.
![SOLUSDT: [UPDATED] $SOL HOLDING SUPPORT IN THE CHANNEL](https://s3.tradingview.com/x/X8z4Qecd_mid.png "[UPDATED] $SOL HOLDING SUPPORT IN THE CHANNEL")
