An 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...
first, it broke the local trend line in violet color further moving we have the break the long term bullish channel
sol seems to be weak against the market may get to see a nice correction in it
leading the price to near supports
As 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
". 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."
. 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...
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 .
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...
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.
Final 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 (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.