SolBounce from support and target complete ... 15% profit enjoy... Trying uptrend channel breakout if this happen than will see another upside movement...
SOLUSDT.P trade ideas
#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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
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.
Buy SOLUSDT Target1 500USDBuy SOLUSDT Target1 500USD
Accumulate on every dip
Top market cap and big future . Keep buying.
SOLSol gave a trendline breakout, currently in a parallel channel, looks like an uptrend start buying
Cup and Handle breakout on SOL 4HCup and Handle breakout on SOL 4H. Will wait for close above resistance, or retest in 1h tf to go long
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33.734).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59
Take Profits:
TP1= @ 37.646
TP2= @ 41.259
TP3= @ 44.072
TP4= @ 46.962
TP5= @ 53.063
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in SOLUSD @solona". There is a possibility of temporary retracement to the suggested support line (34.15).
. 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 below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 38.00
TP2= @ 41.25
TP3= @ 44.07
TP4= @ 46.96
TP5= @ 53.06
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
SOL Breakout in 4hr time frameSOL breaking with all EMA as a support which is a strong sign and also at .61% Fibonaccigolden ratio.
Take Profit -
36$
38$
40$
Stoploss-33.5$
