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Solanausdt

Pullback now completed in daily chart. will SOL test 35$ again?In the daily time frame, the pull back has completed the downtrend line and the price is expected to decrease to the $ 38 area, and from there, it will start its uptrend up to the $ 60 area by forming a double bottom pattern. My prediction is that with the price fluctuating in the range of $ 35 to $ 60, Solana will enter a triangle, which at the end of the triangle is expected to break the downtrend line to reach the important $ 80 range, which has very strong resistance. Keep in mind that all of these behaviors also depend on the price trend of bitcoin. These statements are only personal opinions and are not a signal to trade.
Short
by DarknessEmpire
2
SOL can go upstairsat the moment, we are completing the ABC-correction with a bullish wedge, wave C has almost reached the golden ratio of 1.618, it is possible that the wedge will descend and break down to or below 1.618, this will be the culmination of sales. It is also possible that the exit immediately upwards is possible, is MA200 on 1D TF and, in combination, the resistance of frequency waves A. (Low targets in case the bearish trend continues and the condition is that the available ABC is only 123 inside the global wave A) Position set. The first order is with the current next grid, the second order is at the channel border, the third is at 1.618. If the price does not reach 2 or the third, or before the destruction of orders, switch to a set of positions, you should execute the second order with a trial wedge up, the third one with a retest of the channel from top to bottom. Closing a position. With the exception of expected takes, the first take is 20% of the amount at 59.38 (there is resistance), the second take is 70% of the amount at 69.89, and the last 10% is left in case resistance is tested and a new up cycle begins (from trailed stop in plus) Stops. If your terminal allows you to set a virtual stop order at the close of a daily candle below 31.41, the order is -20% from the current one, but much less in case of a grid position. Also, in the event of a breakdown of the wedge, the stop can be pulled up.
Long
by Colibri_Capital