SOLUST.P trade ideas
Wyckoff Accumulation on Sol/usdtGood day Traders, This is my opinion on Sol/usdt as i have identified wyckoff accumulation on it, price broke the high that created what i named spring ... It seems supply has been defeated and we can be looking for buying opportunity at that point of interest if we see good reaction. This is my opinion i will love to hear yours as well.
Trading is very risky if you don't have the right knowledge, never trade blindly and i will not be responsible for any misused of this chart as i have created it for educational purposes only! Don't forget to share your opinion too ☺️
#sol update scalp zone in 4 hr TF#SOL made a pretty good swing highs and lows and recently rejected from a strong level of resistance around $104 - $106. Currently, price dumping as #BTC is also taking correction for a bit. Minor support in #SOL is around $92 - $93. For a buying area you can accumulate below it and below $83 ( in parts). Use proper stops below the support/ previous swing low.
Solana UpdateHey everyone,
Here is a short analysis on SOL, I'm still bearish.
Here you can see that the price is ranging between -0.618 to 1.618 of the Fib Channel. It has been rejected by the 0 level of the Channel. To learn how to make the channel, read my previous idea through the link at the end.
Forming lower lows and lower highs on the four hourly chart. Perfectly following the lines of the channels.
Let's check the Pitchfork on AVAX too.
It got rejected from the median line. I have marked the demand zones, they might be our targets.
What TradingView says?
TradingView has some awesome features which can give you technical analysis on any crypto, forex and stocks chart. Check the photo below to get an idea.
This image is showing an excessive bearish pressure. This analysis is done by oscillators and MA.
There is another cool feature which can give you the pivot points.
How to trade pivot points?
Whenever a pivot points is coming, you can set up a trade order for the opposite side at the price of the pivot points. Usually, whenever the prices hit the pivot point, they take a pullback on smaller timeframes. You can earn easy profits on these pivots.
Hope you like the idea
Goodbye for now, trade safe!
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (98.36).
. 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 68
Take Profits:
TP1= @ 119.15
TP2= @ 130.07
TP3= @ 142.95
TP4= @ 157.17
TP5= @ 167.07
SL= Break below S2
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💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (145.7).
. 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 62
Take Profits:
TP1= @ 158.1
TP2= @ 167.8
TP3= @ 177.4
TP4= @ 186.3
TP5= @ 204.0
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 ❤️