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Solbtc

Solana's Inverse Head & Shoulder Pattern In The MakingThe inverse H&S pattern is developing and likely to show fully on this chart. We are looking at Solana vs Bitcoin (SOLBTC). Not only this pattern but we can also see prices holding above EMA10; The highest volume in the last two weeks (volume breakout); And a very strong RSI. We can also look at this from a different perspective, and that is the "same pattern". We can notice a low 12-May followed by a lower low 13-June. This precedes a bullish breakout. It is normal to see a correction/retrace after the initial breakout. This correction/retrace is now coming to an end all across the board. It ends in a higher low that leads to a higher high... The next target/additional details on the chart. Thank you for reading. Namaste.
Long
by AlanSantana
1
Solana (SOL) - June 23hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (SOLUSDT 1W Chart) Below 46.85-58.38 is likely to be a mid- to long-term investment area. So, whether it can move higher than 58.38 is the key. (1D chart) Primary resistance: around 58.38 Secondary resistance: around 84.57 Support: 24.54-31.81 If the price holds above 31.81, we expect it to turn into an uptrend in the short and medium term. ------------------------------------------------------------ ------- No matter how good a project is, its value can fluctuate greatly depending on market conditions. Therefore, even if you make a mid- to long-term investment, you should trade in a way that increases the quantity corresponding to the profit while recovering the purchase principal as much as possible. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
$SOL - Almost almost ... Almost done. $SOL - I'd estimate SOL's correction being done to about 70%. Although there is still some space for it to correct, We are in divergence territory on many daily momentum indicators (MTF, Histo, RSI, ROC). I'm counting the subwaves in the final wave down and I think we're about to see a significant bounce. It looks like we're in the final wave of the C (ABC ZigZag), looking to complete 5 which looks to be making a diagonal so far. There is some sort of support (from previous s/r) in the current range. A dip below 30$ is not out of the question, which would allow SOL to kiss the 90% fib level. Safe trades to all.
Long
by FlokiCrypto
5
Solana (SOL) - June 6hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (SOLUSDT 1W Chart) The section below 46.85-58.38 is likely to be a mid- to long-term investment area. Looking at the SOL chart, you can say that after the 5th wave of the uptrend, the 3rd wave of the downtrend and the 5th wave of the downtrend are in progress. However, if you look at the big picture, it is the first rise since the listing, so the most important thing is where you get support and go sideways. A long consolidation section is likely to follow for a second upside. At this time, the uptrend line is expected to be the boundary line. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Solana (SOL) - May 17hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (SOLUSDT 1W Chart) Resistance: 84.57-105.89 Support: 46.85-58.38 It is important to see support by rising above 58.38. So, we need to see if it rises above 58.38. (1D chart) If possible, I think it is good to proceed with trading when it rises above the 72.78-84.57 section. However, since there is a resistance section in the 101.73-105.89 section, careful trading is required. (buy) - After confirming the support at 84.57 (Stop Loss) - When it falls below 72.78 (Sell) - When receiving resistance near 105.89 - When receiving resistance near 152.76 (buy) - After confirming the support at 58.38 (Stop Loss) - When it falls below 46.85 and receives resistance (Sell) - When resistance is received in the 72.78-84.57 section - When receiving resistance near 105.89 ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto