SOLana upcoming moves in BTC PairThis complete chart was explained inside our CITA platform for upcoming potential move into SOLANABTC pair.
Solbtc
SOL BEING IN A SMALL RANGE BOUNDLooking for it to take the equal highs/ H4 high , will take the trade manually and close partially at each targets.
Solana Price Prediction: SOL’s Recovery Depends On The 200 SMAWith 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 $11.5% according to CoinGecko.
Solana Briefly Holds The 200-day SMA Support
Investors have quickly come to the realization that the downside potential was far from being exhausted. A break under $144 catalyzed more losses as people offloaded more of the token, perhaps to invest in more stable assets now that COVID Omicron was spreading like wildfire across the world causing mayhem.
The 200-day Simple Moving Average (SMA) was in line to provide SOL with the much-needed support to possibly prevent losses from stretching further. As elucidated in the daily chart below, Solana’s downtrend has been following a descending parallel channel.
Since the middle boundary already gave in to the overhead pressure, the focus shifted to the lower limit of the channel. If the 200-day SMA caved, this line of support would come in handy but if push came to shove, SOL may break down below $124 and head to $100, respectively.
💡Don't miss the great buy opportunity in SOLBTC @SolanaTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00021).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.00033
TP2= @ 0.00037
TP3= @ 0.00042
TP4= @ 0.00050
TP5= @ 0.00060
TP6= @ 0.00070
SL= Break below S2
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SOL/BTC TECHNICAL ANALYSE, LONGWe are doing Analysis of SOL/BTC on 4hrs Timeframe .
I have Mention Support and resistance levels on Chart with trend line.
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Anish kumar
SOL/BTC What's cooking?Bearish divergence on the 1h. Needs a small healthy correction before it makes its way up. Watch these levels carefully. If broken down the green line - Stop loss.
