💡Don't miss the great buy opportunity in SOLUSD @solanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (218.86).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD 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 74.
Take Profits:
TP1= @ 236.00
TP2= @ 270.00
TP3= @ 280.00
TP4= @ 300.00
TP5= @ 320.00
SL= Break below S2
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SOLUST.P trade ideas
Solana About to get new All Time Highs.#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Solana Just Gained New ATH 219.05 $.
#2 Solana Is now moving in an ascending parallel channel.
#3 Three Important Supports are:-
Support 1 = Around 152 $
Support 2 = Around 180 $
Support 3( Or may be resistance in future) = Around 187 $
ATH ( High Resistance Zone) = 219.05 $
## Technical analysis:
. SOLUSDT is in an Ascending Parallel Channel .
. The price is above the 50 Ema and It is also Acting as a strong Support.
1. Retesting on Point A is very Important At Support 3.
2. Support 3 Is already Strong ( Also it was Surpassed with a large volume).
3. All Time High is a high resistance zone so we may see a pullback from 219.05$ And then we have to see How Chart Goes on.
4. High Chances are it ATH is broken with large volume then it will retest At Point C. And If Retesting Is successful, We can go for long.
5. The vertical width between first touch on upper trend line and first touch of lower trend line is around 66.53 $ ( Almost 35%) That means
We can take Minimum 35% profit if rally starts at Point C.
Take Profits:
TP1= @ Around 240 $
TP2= @ Around 260 $
TP3= @ Around 300 $ ( Around 35%, Main Target)
*Buy Zone 220-230 $, Stop Loss AT 205 $.
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SOLANA (SOL) USDT PERPERTUAL PRICE ACTION ANALYSISSolana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is making higher highs but RSI is contradicting.
The XABCD bearish Crab pattern sets us a target of 278.
Trade Setup
1)Buy around 178 and put a stop loss below 137.
2)Buy on a pullback after breaking the supply zone/PRZ.
Keep trailing until 278. Expect strong resistance here.
Happy trading :)
This is just for educational purposes.
Formation of Cup & Handle in SOLUSDT* SOL in 4H time frame forms Cup and handle pattern.
* Cup and handle is a bullish continuation pattern that occurs during the bull run.
* If the price breaks its handle resistance near $160, we can see the continuation of the bullish trend .
* Solona is bearish below the handle.
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (134.33).
. 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 51
Take Profits:
TP1= @ 169.09
TP2= @ 188.65
TP3= @ 215.44
TP4= @ 250.03
TP5= @ 271.75
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!
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Trade well, ❤️
ForecastCity English Support Team ❤️