Formation of Cup & Handle in SOLUSDT* SOL in 4H time frame forms Cup and handle pattern.
* Cup and handle is a bullish continuation pattern that occurs during the bull run.
* If the price breaks its handle resistance near $160, we can see the continuation of the bullish trend .
* Solona is bearish below the handle.
Solana
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (134.33).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 51
Take Profits:
TP1= @ 169.09
TP2= @ 188.65
TP3= @ 215.44
TP4= @ 250.03
TP5= @ 271.75
SL= Break below S2
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SOL LONGHuge support on this level and it has shown a bounce back. Trade with a stoploss of 120 with less margin, because of huge downside in SOL.
💡Don't miss the great buy opportunity in SOLUSDT @solanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (150.48).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 164.54
TP2= @ 175.26
TP3= @ 183.68
TP4= @ 195.52
TP5= @ 213.87
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 ❤️
Bitcoin technical analysis Symmetrical triangle forming on the 1h chart. It’s a continuation pattern with a narrowing price range which indicates a breakout. It can be in either direction. I’m also looking at a hidden bearish divergence on the 1h which also indicates trend continuation. So I think there are moe chances of a downward move to my target of 43.9k.