SOLANA ASCENDING TRAINGLE BREAKOUTThis ascending traingle has been broken towards dwonside in Solana.... and there is an anticipation from me that the prices can go further down to retest levels around $45- $46 levels....
If you can relate to my trading idea, please like and ask any question in comments... (:
Solanausdt
SOLUSDT - SETUPSOLUSDT price is trading a rising wedge kind of pattern, although the last few sessions are positive today we may see the bears can react again. If the price starts trading below EMA 21 and the market show some weakness we may see the double bottom formation at the recent low. Otherwise, positivity can surge the price towards 70$.
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 :)
Trading opportunity on SOLUSDTBased on technical factors there is a long position in :
📊 SOLUSDT Solana
🔵 Long Now 82.06
🧯 Stop loss 74.00
🏹 Target 1 93.00
🏹 Target 2 110.00
🏹 Target 3 140.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
SOLANA - Updated Small ChartOur updated Solana chart shows price is under resistance and a dip might follow.
NEWS:
3 DAYS AGO Validator operators of Solana, a proof-of-stake blockchain, successfully completed a cluster restart at about 11 p.m. ET on Saturday following a roughly seven-hour outage when the network failed to reach consensus, it said on Twitter.
An earlier Twitter post had said that “Solana Mainnet Beta lost consensus after an enormous amount of inbound transactions (4m per second) flooded the network, surpassing 100gbps.”
One Love,
the FXPROFESSOR
Morning Update: Solana to head down one last timeTo those who follow me...thanks for the feedback last evening. I appreciate there are so many of you willing to spend your valuable time to interact with me as we think about ways to make our group better traders and expand what we all discuss.
------------------------------------------------------------------------------------------------------------------------------
This wave 5 of our ending diagonal, like the previous 4 will be a 3-way move in the form of an abc. Just as a reminder, when SOL bottoms this time we're looking for an explosive rally from red on the day to green. We're looking for continuation in the days afterwards and we need key resistance at $103.59 taken out, then $111. Resistance at $111 is key.
I'm not a market timer but I think this will all be over is days....not a week.
PS: There is a chance this will extend to $96 to finish off wave 4. I don't want to see higher than $98 because then we will be dealing with something else other than an ED. Also, I'm going to gear up to track the SP500 versus other crptyo. The Markets have some influence over risks assets and most of the crypto charts look to be in the similar wave counts. If ay of my followers need me to provide analysis on something as a one-off to help them out let me know via the private chat button.
Best to All,
Chris