SOL / TetherUSLong
Is Solana getting ready to breakout? The next stop is $40+?
Updated
Hello everyone, today we are going to look at Solana.
For half a year the asset was moving in the sideways channel and failed to overcome the EMA-200 and Fibo level of 0.382. The price went to the correction to the support level around 13$.
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.
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