sol usdt rising wedgerising wedge can cause downmove
we can place sell stop at below the previous low
Trade ideas
SOLUSDTPER | 1D | Try long entries when we hit the support (green zone) and wait for confirmation before entering. Analyse the chart, Look at the Fibonacci levels price reversed at 61.8% exactly. We can see the next support was also at the same level.
THIS IS SOLANA TETHERUS.On 4H as you see after every BOS I marked an POI to captured a good trade. As you see second POI is Mitigate with BIG RED CANDLES. Now it's time for long 1:3 If I booked with loss means if I exit market after touched of SL or price crossed my SL and went DOWN then there is my first POI which I already created.
First HIGH @26.869 with small body and big wicks.
Second HIGH @27.150 with small body and big wicks and got rejection from that area.
LETS SEE IF ITS WORK'S OR NOT!
CORRECT ME IF I'M WRONG!!!
solana usdtsolana touching a major trendline of whole bearish market and a good reversal pattern is forming if brokeout can give a good move
Dip in sollanaYou can short here it will go something around 17 dollars and then it will bounce back.
Educational post Rising WedgeA Rising Wedge is a chart pattern in technical analysis that is formed when price moves in a diagonal upwards trend, with both trendlines converging.
This pattern is considered bearish because it signals a potential reversal of the current uptrend. As the pattern progresses, the price movement becomes more and more confined, which often results in a downward breakout.
This downward move signals a potential trend reversal, and traders often view it as a selling opportunity.
Divergence in solana at 4 hour time frameIt can dip to 14 dollar which is good price to buy long but it will take around 2 week to go there,
You can short here with minimal margin.
Solana will bounce backHere solana took support from important support and then move upward.
Now after hitting resistance or may it will break just to trap people but you need to wait for another bounce at 14.589 something.
Instead of marginal trading, I will suggest put normal money and wait for 1 year to get 10x returns.
wave count indicates Long A | B | C | D leg completed as mentioned in the chart. since B leg didn't cross over D leg it will be valid wave count analysis & due to the FTX collapse E leg went crashing down to 8$ mark, we can expect possible pull back from these level and volume also confirms buyers' entry in lower levels in a weak 80% pumped.
Bullish Pennant breakout $SOL (TRADE 1)GM all
I'm starting a personal daily crypto trading challenge, where I'll be taking leveraged crypto trades on my live account on Binance (Mostly scalping).
Aim of it is to be consistent in trading and see the final results.
All trades will be recorded on Notion with the link to charts that will be uploaded on Tradingview.
Solana Price Action AnalysisSolana Price Action Analysis
The above chart of SOLUSDT laid out a falling wedge pattern.In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.
From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, SOLUSDT is in the range of $13.53. If the pattern continues, the price of SOLUSDT might reach the resistance levels of $14.50. If the trend reverses, then the price of SOLUSDT may fall to $12.60
SOLANA- One Last Ride! (SUB $20)Are you guys ready for the final breakdown? Its gonna feel the most brutal of all and many final believers will be pushed out.
I know I am speaking in certainties, but I gave it a good chance to show it's bullishness, but it failed.
I have good confidence and reasons to believe that this has a GREAT amount of odds of playing out!
Stay wise, prepare for the worst, should not hurt.
Good Luck! See you on the other side! :D
Small targets but good for swing trader with small leverage Prefer small leverage, good for swing traders
PS;- its a prediction, Use your own analysis and trade at your own risk.
Dip in solana AT 1 hour timeframe, divergence happened but don't buy in fomo
Wait for target and then short it.
SOLana upcoming movesThis chart explained in details inside our CITA Investment journey, which suggest important support & resistance line on USD pair.
Expecting big dip in Solana On 4 hour time frame, bear is activated.
It will break the trend line and touch the point 1 and then hit point 2.
$SOL ANALYSISIt is moving inside its trend line and is also following well wherein the market price seems to be coming down which may move above the earlier support zone and trendline support.
Solana may reach $38 if rates are hiked by less than 0.75%.Solana may cross $34 and reach $38 if interest rates are hiked by 0.75% or lower. This low rate hike seems to be the probable case because of upcoming mid term elections. The Democrats in the USA are sitting on wafer thin majority in the Senate where out of 100 seats, Republicans own 50, Democrats own 48, the independents who are supporting democrats own 2 seats. This election is crucial for the current government to secure a majority in the US Senate.
SOLANA pain ahead, Ready for H&S breakdown. Next target16. Cryptocurrencies are still in a downtrend with SOLANA looking very weak structure wise, If there is a breakdown, I don't think these prices will ever come back again. ITS TIME TO EXIT. Period.!! Rest you can consult other analysts!!
SOLUSDT ShortTime Frame: 4H
Symbol: SOLUSDT
Entry: 32.96
TP: 30.72
SL: 35.13
Bias: Short
This instrument has a selling bias. We are planning a selling set up based on current market dynamics.
SOLUSDT NeutralTime Frame: 4H
Symbol: SOLUSDT
Bias: Neutral
There is no bias for this instrument . We have to wait for a better opportunity.
