short term quick trade in solin solana has showing strength from this support
it can give a bounce upto 48-50usd
Trade ideas
Buying can be seen in solanaCan go long in solana target 48/54 in short term. Its on a good support so can expect some upmove
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.
Solana coin+ 5% move , after formation of symmetric triangle pattern on solana chart (as per last post)
Breakout trading on Cryptocurency (solana) Solana has given a breakout on 1 hr timeframe from here it can go above to hit its first target of 145 and after that second target of 148 we can put stop loss of 140.5
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.
SOLUSD Long OpportunityIf SOLUSD closes above the resistance which was double top can go long BINANCE:SOLUSD
Sol crypto currency technical aspects of the cryptoIts for education purpose and experience the technical aspects of the crypto currency investor
Buy sol crypto currencyIts big move to buy Bull trend
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Sol crypto currencyBULL trend of the sol crypto currency
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Chart pattern This is for education purpose
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Solana 1Day Timeframethere are 2 possibilites as shown on chart:-
possibility1: It can take support from 20EMA
possibility2: or it can fall till 50EMA and then can take support from 50EMA
Long term trade - SOLANASOLANA is promising! Enter at current support. Hold this one for the future. SOLANA is backed by BLOOMBERG to be the next rival to etherium.
Simple Trade Setup | SOLANA | POSITIONAL [crypto]FTX:SOLUSD
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.
SOL Cup and holder emergingwatch SOL USD 220 area for the cup and holder breakout.
SOL chart has a cup and holder emerging
Technicals Looks Bullish, Buy Some in the range of $149 - 158Technicals Looks Bullish, Buy Some in the range of $149 - 158 Can break ATHof $216 if received support with volume at $170+
