Here on the COINBASE:SOLUSD chart we can clearly see an inverted cup with handle pattern near completion. Once this stock moves higher we estimate a breakout target of 246.03 by measuring the original impulse move that formed and resulted in the current formation. CCI on the daily is diverging and on the cusp of a breakout of a breakout of positive momentum from...
📊Analysis by AhmadArz:
🔍Entry: 134.97
🛑Stop Loss: 130.59
🎯Take Profit: 139.35 - 143.91
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Solana (SOL/USD) exhibits a challenging technical landscape as the crypto asset navigates through volatile market conditions. Our technical examination, supported by various indicators and chart patterns, will provide speculative guidance on potential price trajectories.
Current Price Action:
As of the latest sessions, SOL is trading at $137.40, exhibiting...
SOLANA recently posted a high of 2015. Now after retracing about 61.8 fib. level, it is again trying to pass recently posted LH of around 163. It is repeating its historic move of posting All time high 260 on 9th September 2021.
In 2021, after gaining bullish momentum, after making first HL, it reached notable HH level of 215 within 15 days, then it retraced up...
I've seen other people highlight this historic SOLANA "CUP AND HANDLE" Bullish pattern and am seeing it now much more clearly. It spells "BULLISH' in trader sign language!
November has been quite the month for SOL and I think this NOV will find SOL above 2021. It is crazy to think that SOL was at 8.90 cents in NOV 2021! I can imagine angry the bears are that...
My previous analysis assuming $60 turned out to be wrong and $80 was reached instead. The waves turned out to be true, but the volume was wrong.
Many other analyzes say a further rise, I don't think that SOL will behave in the opposite way.
Waiting to see if Solana respects the lower trend chanel on this or breaks down. If lower trend line is validated in the next few days without a breach this should be a good reference chart for the next leg up.
SOL mostly likes to move in big spurts that precede market up and down turns. The laddering up we are witnessing, moving up past the 200 week MA in lower time frames and daily and getting close on 4 and 6 HR, plus 5 days in a row closing green, is looking very very bullish to me! Still - SOL is powerful and it seems to be building some steam... The narrative is...
How to play ⏯️ Solana strategy in the current range?
Long at Support zone
Short at resistance
Right now it's looking more 🐻 bearish and price is likely heading to the support zone
I can see BULLS are getting ready to take this ack up
I have buy here with sl @ 115
I will take first profit @ 170 (very important broken support which turn resistance now)
If we break 170 my next target will be 259 - 399
Good luck everyone
We bounced off the support zone as we had expected 👊
We should try to go back up to the resistance zone🎯
Did you buy at the support zone?
Boost if you agree with us!
Solana formed a descending triangle pattern and has touched the support level.
If this support is strong enough to withstand bearish movements, then the target is at level 144.83 or at the resistance pattern.
However, you need to remember that this pattern is a bearish continuation pattern, which means that if this pattern breaks down, Solana will fall deeper.
I...
