Hello everyone, today we are going to look at Solana.
For half a year the asset was moving in the sideways channel and failed to overcome the EMA-200 and Fibo level of 0.382. The price went to the correction to the support level around 13$.
Now we can expect a breakdown of EMA-200 and movement to 0.382 Fibo level.
After the fixation above this Fibo level, you can expect further growth in the asset up to $47, but maybe we can stop near $40, because there is a strong resistance level of the price, formed in June 2022.
This is not a financial advice, everything you do you do at your own risk.
For half a year the asset was moving in the sideways channel and failed to overcome the EMA-200 and Fibo level of 0.382. The price went to the correction to the support level around 13$.
Now we can expect a breakdown of EMA-200 and movement to 0.382 Fibo level.
After the fixation above this Fibo level, you can expect further growth in the asset up to $47, but maybe we can stop near $40, because there is a strong resistance level of the price, formed in June 2022.
This is not a financial advice, everything you do you do at your own risk.
Note
Hey, everybody! It's been quite a long time since I published my SOLANA idea, but nevertheless the scenario has already started to realize itself and has already brought 40% profit.
At the moment everything looks very bullish on all higher timeframes of the chart, and on the monthly timeframe we can see a bullish flag pattern with a potential for the price in the ~60$ zone.
We continue to follow the price movement.
Note
Hello everyone! As I mentioned before, Solana has reached the $40 region and the price is currently consolidating here. At the moment, the profit is 63% from the entry point.Trade closed: target reached
Hello everyone! My latest idea has proven successful and brought in a 97% profit on SOLANA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.