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Solanausd

SOLANA is now in for an ABC correction. Close to bottom!SOLANA is finishing up its overall correction pattern, currently in a downward (corrective) wave (v) which has already its proper 1,2,3,4,5 in place (impulsive) and is currently in the subsequent ABC correction phase which "should" bring the price in the $35.33 "ish" zone. As long as this set up is maintained (and we all know how changing this environment is!) possible alternatives in my opinion are: SOLANA already hit its low @ 35.75 and will not go lower than that level, SOLANA will hit its low peak somewhere between $35.75 and 35.33 and then initiate the long trip to recovery, and SOLANA is still in for yet another lowest low, perhaps even in the $30 zone (less likely but technically possible, in the $20 zone) and ONLY THEN, initiate its way back. What to look for? watch $40 level and $35.75 level, both crucial in determining the trend and mood (with a close eye on "Father Bitcoin") ;)
FTX:SOLUSDShort
by Ivanbole71
AT CryptoScan: SOLANA PotentialJust looked into Solana and can’t help but notice a triangle formation. The recent crypto rout dislodged it out the bottom of the triangle, and it appears to have popped back in. Noted that typical failures of pattern failures indicates the direct opposite; for this case, exit and Dee try into the triangle at the bottom suggests that it should find the exit of the opposing side (a break out). MACD is supportive of a recovery post-reen try into the triangle; and this comes in the form of a bullish divergence observation. What needs to happen is no further breakdown (and instead recovery) for the next 14 hours to the close of the weekly candle.
FTX:SOLUSD
by Auguraltrader
SOLANABull flag on weekly, but I have my doubts this breaks out unless entire crypto market pivots. Could be merely a technical bounce here both on previous top from last May + bottom of weekly descending wedge. There's decent r/r on a bounce attempt for $100 which is a psychological level as well as where there was indecision (doji) 3 weeks ago. Scenarios I see from here... (a) Short term bounce back towards $100 + attempt at breaking wedge (b) Wedge breakout + $140 test (c) Chop + markets get bloodier over the next 2-3 weeks and we get some acceleration to the downside, in which we could get some serious capitulation where I'd be a buyer around $20-30 if it hits (flexibile with this) (d) More blood ASAP, free fall I think the most likely scenario is to be (c) but there could definitely be a short-lived bull rally, which I would not personally trust continues higher, rather fades and tests the lows here again. I have no position, and am open to any possibility. Just mapping out my thoughts and breakdown here.
FTX:SOLUSD
by Cheesy-Bean_and_Rice-Burrito
SOLUSD Double bottom and growth at least + 80%?Almost two weeks ago, we did our previous idea for a couple SOLUSDT Then at the price of $97 per SOL we wrote that the first tasty area of ​​purchase in the area of $​​90. As of today, this trade is relevant, but you can make some adjustments in the part of additional purchase of positions and movement of stop orders. Strong straits in the cryptocurrency market in recent days have made some changes in the charts of coins. However, the structure of the pattern "Double Bottom", which was written about in the previous idea - is not violated and has the right to life. If you are impressed by the Solana token, we suggest you take into account the following data to enter the tra de: Enter the position in the area of ​​$78-80 Stop below $75.4 (-4.5% of entry point) Take profit in area $145 (+ 83% of entry point) Profit/loss ratio 18/1 It is dangerous to keep the long position SOLUSD after confidently fixing the price below $75.4! After all, in this case, the structure of the pattern "Double Bottom" will be disrupted, and the cost of SOLUSDT will be able to fall by another -18-20% in the area of ​​$60-61 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
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