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.
SOLUST.P trade ideas
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.
Divergence in solana at 4 hour time frameIt can dip to 14 dollar which is good price to buy long but it will take around 2 week to go there,
You can short here with minimal margin.
Solana will bounce backHere solana took support from important support and then move upward.
Now after hitting resistance or may it will break just to trap people but you need to wait for another bounce at 14.589 something.
Instead of marginal trading, I will suggest put normal money and wait for 1 year to get 10x returns.
wave count indicates Long A | B | C | D leg completed as mentioned in the chart. since B leg didn't cross over D leg it will be valid wave count analysis & due to the FTX collapse E leg went crashing down to 8$ mark, we can expect possible pull back from these level and volume also confirms buyers' entry in lower levels in a weak 80% pumped.
Bullish Pennant breakout $SOL (TRADE 1)GM all
I'm starting a personal daily crypto trading challenge, where I'll be taking leveraged crypto trades on my live account on Binance (Mostly scalping).
Aim of it is to be consistent in trading and see the final results.
All trades will be recorded on Notion with the link to charts that will be uploaded on Tradingview.
Solana Price Action AnalysisSolana Price Action Analysis
The above chart of SOLUSDT laid out a falling wedge pattern.In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.
From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, SOLUSDT is in the range of $13.53. If the pattern continues, the price of SOLUSDT might reach the resistance levels of $14.50. If the trend reverses, then the price of SOLUSDT may fall to $12.60
SOLANA- One Last Ride! (SUB $20)Are you guys ready for the final breakdown? Its gonna feel the most brutal of all and many final believers will be pushed out.
I know I am speaking in certainties, but I gave it a good chance to show it's bullishness, but it failed.
I have good confidence and reasons to believe that this has a GREAT amount of odds of playing out!
Stay wise, prepare for the worst, should not hurt.
Good Luck! See you on the other side! :D
Small targets but good for swing trader with small leverage Prefer small leverage, good for swing traders
PS;- its a prediction, Use your own analysis and trade at your own risk.
Dip in solana AT 1 hour timeframe, divergence happened but don't buy in fomo
Wait for target and then short it.
