SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?

Jul 15

Hey Realistic Traders, let's dive into the technical analysis of SOLUSDT

From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33.

Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana."

Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below

Jul 15

Trade active

Solana: Moving Upward Again after breaking symmetrical triangle on H4 Timeframe

Jul 17

Note

Breaking the grey zone, signifying a potential upside movement of the current bullish trend

Jul 18

Note

there could be a mInor correction after hitting the red zone area

Jul 22

Trade closed: target reached

Hit the first target at $182, Will it go to the next one?

Jul 27

Note

DBW H4 Breakout: Indication of a strong bullish trend

Aug 2

Note

Sorry guys, right now I am focusing on the leap competition :D