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Solana

Solana looks bullish in the short termI 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 very recently. I might be very wrong with my analysis. Any help in the form of advice, knowledge, criticism is welcome. Please let me know what you think about this. That will only help me get better. Thank You
Long
by dg21101997
💡Don't miss the great buy opportunity in SOLUSD @solana Trading suggestion: ". 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." Technical analysis: . 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 dynamic support. . The RSI is at 51 Take Profits: TP1= @ 259.00 TP2= @ 275.00 TP3= @ 291.51 TP4= @ 310.00 TP5= @ 340.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
Solana About to get new All Time Highs.#-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 $ Support 2 = Around 180 $ Support 3( Or may be resistance in future) = Around 187 $ ATH ( High Resistance Zone) = 219.05 $ ## Technical analysis: . SOLUSDT is in an Ascending Parallel Channel . . The price is above the 50 Ema and It is also Acting as a strong Support. 1. Retesting on Point A is very Important At Support 3. 2. Support 3 Is already Strong ( Also it was Surpassed with a large volume). 3. All Time High is a high resistance zone so we may see a pullback from 219.05$ And then we have to see How Chart Goes on. 4. High Chances are it ATH is broken with large volume then it will retest At Point C. And If Retesting Is successful, We can go for long. 5. The vertical width between first touch on upper trend line and first touch of lower trend line is around 66.53 $ ( Almost 35%) That means We can take Minimum 35% profit if rally starts at Point C. Take Profits: TP1= @ Around 240 $ TP2= @ Around 260 $ TP3= @ Around 300 $ ( Around 35%, Main Target) *Buy Zone 220-230 $, Stop Loss AT 205 $. If You Loved This Analysis ❤️ Hit the LIKE button Drop some feedback below in the comment ! Trade well. ❤️
Long
by PriyanshuKatta
SOLANA (SOL) USDT PERPERTUAL PRICE ACTION ANALYSISSolana 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 making higher highs but RSI is contradicting. The XABCD bearish Crab pattern sets us a target of 278. Trade Setup 1)Buy around 178 and put a stop loss below 137. 2)Buy on a pullback after breaking the supply zone/PRZ. Keep trailing until 278. Expect strong resistance here. Happy trading :) This is just for educational purposes.
Long
by Sanjan91