SOLUSD trade ideas
SOLUSD ANALYSIS Market forming an symmetrical triangle pattern structure formed and inside of side ways market going on wait for the box level breakout after entering the trade and another trade for symmetrical triangle pattern of trend line support or resistance level breakout after entering the trade
Solana long term viewHere is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).
It's a wait and watch game from long term investment perspective. Incidentally, most other cryptos too show same ABC correction and chances are most of them will turn together with possibly BITSTAMP:BTCUSD turning up a little sooner than the rest.
sol bearish ?price has formed a nice descending triangle and the market is kind a bearish for few days and no sentiments are changing
after seeing some stabilisation in btc
i feel that there will be downfall in sol but not much will have to see what happens
if it dips i am going to fill my bag on this eth killer
have a good day
happy trading
#Crypto #Cryptotrade #Cryptosignals #Cryptotrading #SOLANASOLANA
On daily Chart, Rounding bottom formation with descending triangle BO
& Also Resistance level BO and now retracing
With all these seems to bet on Uptrend
If 120 levels sustain then buy for targets of 135-150 in short term
Chance are thr it may further will correct upto 100-110 levels, good to add on that levels also
If downtrend continues then exit at 100 levels.
Also trail SL to maximize ur profit.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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SOLANA: Is it the starting of a stormy wave 3 ?Upon observing we can count five waves up from the inception and a corrective fall forming LL LH from the top. The recent price action suggests that the correction is completed and the crypto is ready to move into the strongest phase of the cycle. If our assumption is correction then the low of 75 is going to be intact and the crypto will be moving up higher in the third wave for a new all time high.