Sol SinkPossibly going to bleed to 6.5 within May 2023
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
SOLUSDT.P trade ideas
SOL / USDT WILL TOUCH HIGH ?Solana, SOL could hit $6.59 in 2023
Solana’s price prediction for the most bearish scenario will value SOL at $16.03 in 2023
Solana’s previous All Time High was on 7th November 2021 where SOL was priced at $259.96
Solana’s price at the same time last week was $20.57. It has moved by -3.91% in the past week and is currently at $20.04. Infact, in the past 24 hours, SOL has dumped by -7.04%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SOL could hit $39.14 in 2024.
The total circulating supply of Solana as of writing this article was $397607780.16 and the marketcap of SOL remains at $7,970,200,997.
SOLUSDT 4H TFAfter analyzing SOLUSDT, there are indications that a potential breakout may occur in the near future
However, it's important to note that market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
Solana Price action. Solana new price action, Trends line.
If you seen my previous updates then this trends line you could be understand.
Solana Breakout Check my previous updates.
As I told you, price are same on my analysis.
Already 12% pumped. 🔥
First Target Hits. ✔
SOL_USDT 🔥Solana usdt massive pump start,
Check my previous solana analysis. 🔥
8% already pumped.
4h Time frame break out done ✔
Sol Long bhot return dene wla he. Sol is clearly look long position.
It's 4h time frame and here you can see about support and resistance on Sol usdt pair . And we are waiting for the break out.
Analysis according to the principles of ErmisEvery line has a lot of deals to get into.According to the lines, you can make a grid decision. This is a professional analysis only.
SOLANALONG SOLANA
Charts making higher lows and inverse descending triangle pattern is being formed. Also, the price is near the horizontal strong resistance line. If breaks out from here then a new zone starts for SOLANA. The trendline for lower lows can be considered a Stop-loss. CMP is lying on the support of 60 EMA and the super trend indicator also recognizes the bullish zone.
solana is looking for uptrendConfirmations
1. Inverse Head and shoulder pattern
2. Breaking and retesting of bearish trendline
#stop loss is below the low of right shoulder
#Target are set with risk reward ratio 1:1 and 1:2
SOL ( alive for a while )If the below red trend line doesn't break in daily
Then we could test resistance before 22 July
Price could reach 41.75
And if the below major support trend line ( red ) breaks then we could drop to the trend line ( white)
Market is still bearish
But there's some bullishness in a major bearishness .
SOLANA PREDICTIONMarket will go down little bit
and SL hit who open position for long then will hit upward movement approx 22.240 - 22.231 and then go down approx 18.580 usdt.
NOTE- all is in USDT pair.
sol usdt rising wedgerising wedge can cause downmove
we can place sell stop at below the previous low
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.
