Sol on daily chart.Sol coin show a formation of ascending triangle on the daily time frame, possibility of an upward move after retest.
Trade ideas
SOLANA PRICE PREDICTION 2022An ascending channel is defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.
Price does not always remain entirely formed within the parallel lines of an ascending channel, but instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.
Currently, Solana (SOL) is at $36.18. If the pattern continues, the price of SOL might reach the resistance level of $46.85, and $68.31. If the trend reverses, then the price of SOL may fall to $32.29, and $25.67
Solana (SOL) Support and Resistance Levels
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Solana (SOL).
Resistance Level 1 – $42.78
Resistance Level 2 – $58.60
Resistance Level 3 – $82.70
Resistance Level 4 – $117.60
Support Level – $26.67
The charts show that SOL has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $117.60.
Accordingly, if the investors turn against the crypto, the price of the SOL might plummet to almost $26.67, a bearish signal.
Happy Trading !
SOL GonerAs earlier said red trend line is a major support
And if it breaks 38.67 in daily Then we could fall to much lower levels .
Minor support are marked but all will break
lowest price will be published in pvt 3
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42.48).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSDT 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 68
Take Profits:
TP1= @ 47.36
TP2= @ 50.98
TP3= @ 54.68
TP4= @ 58.19
TP5= @ 61.57
SL= Break below S2
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SOL bearish mode on 🤯SOL has more to dump after breaking the significant support next levels to watch below are 26.1 - 24 - 20.75.
sol analysisthe trendline which i feel Solana should follow
with the recent pump in alts I consider of a pullback from here
which we will be seeing once btc rejects from point
SOLANAFinal puke across all the crypto market is due IMO, various factors pointing there, lets not get into the details.
While the whole market is screaming "Cheap" "bottom" "All-in", be aware of this scenario as this holds a very good probability.
Solana to $25s while $BTC at low $20k is what I see.
Might be wrong, NFA.
Solana is ETH2.0, Always has been.There is a decent chance we might be here
We are in the process of bottoming yes, but when shit hits the fan this hard, this often can be that process.
NFA. Wud love it, if this post marks the bottom across the board. Never go full redard #SOL #ETH
I am saving my dry powder.
Trading Signal For SOLUSDT SolanaTrading Setup:
A Trading Signal is seen in the SOLUSDT Solana.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 30.11
⭕️SL @ 27.15
🔵TP1 @ 37.60
🔵TP2 @ 44.65
🔵TP3 @ 58.65
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
SOL BEING IN A SMALL RANGE BOUNDLooking for it to take the equal highs/ H4 high , will take the trade manually and close partially at each targets.
SOL heading lower.Wait for the breakdown when we break the rising wedge. Clear invalidation if we reclaim 63 with good volume.
SOLANA (SOL) is set for another 10-15% FallSOLANA (SOL) is indicating another 10-15% fall towards 64.18-60.56 from around 69.42-70.81 Range.
Possibility will get negated if SOL closes a complete 5 minutes candle above 70.81.
This Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
Sol analysis 4 hr yf with supp & resis#SOL strongly trended downwards and reached the major support level around $78.00 - $82.00. Looks like Bearish momentum slow down as candles started compressing. A short-term upmove is expected till $86.00 or high. You can looks for short-term buy but overall structure is bearish.
SOL - Final thoughtsFully retraced. If its gonna go, a good chance it sweeps $70 before. Not actionable info, just an observation/self ref
Sol analysis with triangle pattern in 4 hr TF#SOL is been a downtrend since long time and right now price is hodling above the strong support level of $95.50 - $98.00. Currently, price is forming a descending traingle pattern, which is a bearish continuation pattern. If price break below support area, then it will continue dip till major support level at $79.00 - $82.00.
beauty of solthis are my trend lines which i am following from many days
you ca check how the price always respect the lines as support and resistance
follow this
