Support levels and a bearish Descending Triangle. #SOLANA is a great investment - if you are hodeling, HODLE away, if you are waiting for a further 10% discount, this is where I would jump in.
Solana can't break and hold over the 50 line on RSI (Bearish) - Low volume (Bearish) - still under 50-MA (Bearish) - golden-cross with the 50 and 200 MA (Bearish)
Solana has been down trending and we're looking for a good long-term buy in. Watch for a break out - keep an eye on the trendlines and price action.
Golden-cross on the daily is a HUGE indicator to investors of the start of a new bull cycle. We are also oversold on STOCH and low on RSI. - RSI is below 50 - Golden-cross pending the daily close - STOCH at 27
Are we going to bounce around in a range? Day trader's dream.
The Solana demand zone, the area that investors are eyeing as possible buying levels for Solana is almost reached.
Stochastic is showing oversold - RSI has dropped from extreme overbought (80+) to the mildish overbought zone, and we have a nice area of demand zone at $155.00. LONG-TERM SUPER BULLISH.
Be careful going long here for swing and intraday as the set up, imo, is to go short short-term.
So long as we can hold this level, #BTC doesn't drag everything down (temporarily) then we can expect to continue the range or surpass the next FIB.
#Solana has been trading on the short-term, low time frame, ascending channel. Been fun and profitable trading the range.
I placed a POST ONLY limit order overnight and was happy to find it was filled. From here, I want to ride out the next leg up to $260.
Now that we've dropped down to the 300% FIB, where do we go from here? I think that so long as the overall market doesn't dump, that we bounce back to the top of the ascending channel. I'm LONG here.
With the dip in the overmarket sentiment to FEAR (45) we are now facing the possiblity of a retest of the 300% FIB - at the very least.
I think we're going to see a retest of the 61.80 FIB - considering that the overall crypto market sentinment went from greedy to fear (45) and we broke through the ascending channel.
I would go short-term SHORT on the red price level and all-in LONG on the green price level. In blue are your trendlines, gold is the FIBS, and purple is the ascending channel.
The #Solana momentum is now setting new targets at 300% FIB which lands us around $183 for the near term.
In blue I have my target - red is my stop-loss. I like this setup as ALT coins are starting to pick up a lot of momentum.
I've been in GRT for quite some time and am happy this slow crawler is starting to show some life. Volume is picking up and we're seeing signs of more bullish momentum to come.