Sol Chart, seems like a bearish pattern currentlyOverall bullish, but currently following bearish pattern
SOLUSDT.3L trade ideas
SOL Breakout (Descending Triangle)This descending triangle chart pattern obeys the identification guidelines set for the pattern. At point A, price peaks below the horizontal trendline but few chart patterns are perfect. At point B, price stages a breakout and that results in a swift upward move. Such a strong advance is unusual.
-- Thomas Bulkowski
solano new trade setup155 is good support area with good risk to reward going long
target based on fib retracement
target based on fib retracement of 0.5-0.6
buying based on demand zone
Sol update for long term I'm a new in crypto
Always focus to get a knowledge from every one and interested in a learning and sharing what's in mind
solano bearish?!!!this pattern might turn bearish if it breaks the green arrow neckline 1st support 175 and next s2 > 168
though the trade activates only neck line could not sustain
#SOLANA $SOL NEXT MOVEMENTThis analysis is just an idea. It's not an investment advice.
please if you liked my analysis give me a like and leave me your feedback!
solano new outlookon daily time frame it looks like forming evening star (bearish) it can come down to 161-160 as a mean reversion of 9 ema.
4h time frame it indicates higher high, higher lows
pitchfork and fib speed resistance fan shows confluence levels at 172-160
140 could be the last major support after this level it can go sideways or bearish
240 might be possible based on this analysis might be positional pick (this might need good momentum and healthy structures formations)
SolSol good hold 20MA in 4hrfrom 70 and bounce from MA20 multiple time .... Now sol again sitting at MA20 if hold 183 level than will see another leg up...
waiting for another discounsoalno after another recent high of 216 it may take a exhaustion pullback. 182-188-190s levels can be seen buying happening with fair risk to reward
quick update on solano price seems to be making wicks on lower time frame on 0.5 fib levels
150 and 130 roundoff support areas if it breaks down
will update after other structure formation
do let me know if you need any other coins update and analysis
happy trading.......
SolBounce from support and target complete ... 15% profit enjoy... Trying uptrend channel breakout if this happen than will see another upside movement...
#SOLUSDT .. First Target met .. Time to retraceSOL should retrace now to 100-110 as per my analysis.. Can be added on dips for higher targets..
Update: I forgot to mark a level at 125 .. Which can also act as potential support .. So overall watch for 125, then 110 then 99 as potential buyer supports
If price closes below 99, It is a bearish sign.
SolSolona : uptrend channel will buy trendline support area around 130-132$ ...
Sl 121$
TP 147-155-162
💡Don't miss the great buy opportunity in SOLUSD @solanaTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (114.02).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 120.00
TP2= @ 130.14
TP3= @ 142.53
TP4= @ 155.00
TP5= @ 166.72
SL= Break below S2
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What is Bullish Flag Pattern?What is a Bullish Flag Pattern?
The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend.
How does Bullish Flag Pattern?
The flag pattern resembles a parallelogram or rectangle marked by two parallel trendlines that tend to slope against the preceding trend.
Phase 1: Preceding Uptrend
When there is an extreme demand in prices there is an uptrend. It continued as the demand increases.
Phase 2: Flag
After the sharp uptrend when supply increases more then the demand prices move to the consolidation phase or flag phase. This acts as a small price channel.
Phase 3: Uptrend Continuation
As the flag is a pause in an uptrend, as prices consolidate investors again start to show interest in the asset which eventually leads to heavy demand again which further leads to a breakout and uptrend continuation.
Role of Volume:
Volume plays a vital role in the completion of the Bullish Flag pattern. When in a preceding uptrend the volume is quite higher. In the flag phase, the volume starts to go down as investors are least interested to buy and sell that particular asset. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend.
Above Chart Explanation:
This is 4H chart of SOLUSDT We can see a good preceding uptrend with great volumes. Then after the uptrend, we enter the second phase the flag phase we can see perfect bounce and retracement from upper and lower trendlines or flag with diminishing volumes. And again a breakout with good volumes.
Here could be the two possible entries one at the bottom of the flag that gives us a very low-risk entry if it breaks the flag we exit.
And second entry can be at breakout, first, we have to confirm that the breakout is legit for that we can look at the volumes rising volumes to confirm that the breakout is legit.
Usually, we should target the length of the pole after the breakout.
Conclusion:
Bullish Flag is a continuation pattern it occurs quite often on charts and is one of the most reliable continuation patterns.
Comment your thoughts on Bullish Flag Pattern in the comment section below.
Disclaimer:
This is just an educational post never trade just any pattern. And please do your research before making any trades.
PS: We are again publishing this for our Indian Audience
Happy Trading!
SOLD USDT LONG OPPORTUNITYSOL has given good pump after breaking out from previous trendline as shown in the chart.
I still believe it could touch our TP2 as far BTC hold its current support. Let's see how it goes.
Your views and your perceptions are most welcome.
Solana, future of finance part 2! Consolidating ABOVE 6h demand, MSB, 4H OB should provide a nice entry. RR=9, lets do this!
SOL-SOLANA. Best case Scenario.If wave 2 correction is over, this is what SOL would look like once it starts developing.
These are no Elliot waves, These are Degen waves. No rules, only what the ORACLE says.
Good Luck!
Solana Playing Out As Predicted A breakout from the symmetrical triangle for solana as anticipated for a nice 12% long.
