If the bull market is to stay, this is one of the best time to be loading up on cheap Solana.
Prices are down >50% and majority is in panic, 'derisking', or busy making narratives about FEDs and inflation.
Trade the charts not opinions.
SOL is ideally on it's macro 5th wave. It's clear as a crystal.
So if it were to print that impulse and this really is...
With the exemption of a few selected cryptocurrencies in the green on Friday, the entire cryptocurrency market continued to wade in deep-sea waters, unable to stay afloat. Solana’s downside potential was impossible to contain at $150 and $144, resulting in another flash drop below $140. Meanwhile, TRON had slipped below $0.07 bringing the accrued weekly losses to...
I think solana is capable of reaching 208-209 level looking at the 4hr time frame as it is in an ascending channel.
On the daily chart, although it is doing fine having passed the support 194.27, low volume is still a concern. If we see some volume pump, sol can reach the 218-220 level according to fib retractment.
P.S.- I am a very novice trader who has started...
Solana has made a double bottom around $155. Solana has also taken support from its long term trendline and has moved up. It is right now moving towards its current all-time high and will break it very soon. It will be more bullish after it close on or above 185-190 range.
This is not an investment advise!!!
Head and shoulders pattern formation on SOL on a DAILY timeframe
Target should be around 120-130 levels
* I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public.
If you guys find anything wrong with this post, you can tell me about that in comments.
Have a nice day!😄
". There is a possibility of temporary retracement to the suggested support line (229.97).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. SOLUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Can give good move on either side.
Simple trade setup is mentioned on chart.
Please refer below charts.
If we apply FIB RETRACEMENT on recent uptrend then we can see that it took good support from 61.8% level range.
#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Solana Just Gained New ATH 219.05 $.
#2 Solana Is now moving in an ascending parallel channel.
#3 Three Important Supports are:-
Support 1 = Around 152 $
$SOL has pumped more than $ADA in this bull run. It might break its all time high and make a new high near 244.
The second possibility is that it might go till golden zone of the Fibonacci for a healthy correction, following the black trendline.
Solana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is...