SOLUSDT, We are going to re-test again the pivotHello everybody
In a year ago, we seen that SOLANA did something unexpectable sharp upward movement, Solana is one of the amazing ecosystem in blockchain.
According to the chart, as you can see the price break the trendline but its not matter for us because we are trading according to the trend and because of this reason we should wait until the price re-test again the resistance pivot zone level and then take short position until the main sensitive pivot zone that we shown it on blue box.
Becareful about FOMC EVENT that can impact to all financial and risky market.
This is just analysis for giving trend traders that wanna need a little for take better view of analysis.
If you wanna take with this analysis becareful and dont take any position without stop loss and observer to your capital management.
JUST ADVICE : LEARN SOMETHING THAT HELP YOU HAVE BETTER LIFE
Good Luck
Abtin
Previous analysis :
Solbtc
SOLANA LONGS ACTIVE📉📉📉Expecting bullish price action on SOLANA COIN as price shifted the market strucutre from bearish into bullish, price made the lower high retracement into a bullish orderblock area on the H4 + institutional figure 100$ that is acting for now as a valuable area of ,,support,, if you will.
What do you think ? Comment below..
Solana (SOL) - April 18hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(SOLUSDT 1W Chart)
It is important to have support near 105.89.
The section below 46.85-58.38 is highly likely to enter the mid- to long-term investment area.
(1D chart)
(buy)
- After confirming the support in 105.89
(Stop Loss)
- When it falls below 101.73 and receives resistance
(Sell)
- When resistance is received in the section 126.87-132.14
- When receiving resistance near 152.76
It is possible to buy when it is supported and rises in the 84.57-91.34 section, but an appropriate response is required in the 101.73-105.89 section.
In the section 126.87-132.14, there is a possibility of whipsaw, so careful trading is required.
If it rises above 169.99, a sharp move is expected.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
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.)
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🚩 SOL Bull Flag 📈SOL is currently in this bull flag on the daily and once it breaks out I believe we could really see it go back to the mid 100s.
We have some FIB levels to clear once we break through those being at $119 , and $146.10.
We would also need some momentum on BTC to help drive SOL to break the flag and other key resistance areas as mentioned.
SOLANA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on the SOLANA as price shifted the market strucutre from bearish into bullish and for now price is finish the retracement move back into the bullish orderblock on the D1, we have a clear confirmation and right now i think we will see higher price action right into 166$ price area where we have a BIG IMBALANCE AREA to be filled.
What do you think ? Comment below..
SOLUSDT has broken below Support $106SOLUSDT has been making LHs and LLs after massive rejection at $138. It has been on a down trend and after breaking below $106 it is expected to go lower. It has also broken below a major trend line which is another indication for us. Above $120 this signals would be invalid. the first Target profit for this trade would be at $96.00
💎 SOLUSDT
🔵 Entry zone 113.78 - 104.32
🟢 TP1 96.00
🟢 TP2 86.00
🟢 TP3 70.00
🔴 SL 120.00
Good Luck 🎲
SOLANA 1D TA : Can run to 139$ again?As we expected in the previous analysis, we reached the resistance range of $ 139 and faced resistance in this area. According to the chart, we are on the trend line, which if supported, we expect the price to return, otherwise the fall will be more severe with the failure of the range.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SOL loading up for a bigger move! Here's a quick look at the SOL Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge and a break to upside could be around the corner! The best entry would be when the price breaks above 145$ with good amount of volume . Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 145$ and take profits at the levels shown in the chart.
Targets:
1. 153$
2. 167$
3. 189$
4. 218$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Solana - Update ✅As i told you in the previous posts the 80$ price area could act as a strong area of SUPPORT and it acted. The price shifted the market strucutre from bearish into bullish and it's going now for the imbalance fill 170$. I will take a LONG entry on SOLANA COIN if price will make the retracement move to gather more long orders back into 100$ institutional figure + bullish orderblock on H4 and from there we could go higher.
What do you think ? Comment below..
Solana (SOL) to $310 in Q3-2023 (continuation)This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading.
The bear pattern seems to be broken , it's following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310.
That said, it would indeed be a good time to buy if you would follow this idea.
The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge , that is if we break through the current bear pattern (which we just broke through as we speak).
As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness.
We're still in the phase of resistance, the very first step into the journey of acceptance. Google it, it's worth a read and applies to many concepts like crypto.
Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking.
Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere.
Let me know what you think, thanks for reading.
Thumbs up to this post are sincerely appreciated.
~ Murkemur
Solana (SOL) - March 28Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward.
(SOLUSDT 1D Chart)
The indicators at 106.17 and 149.91 are inverted and are likely to swing up and down, so trade cautiously.
If the price holds above 106.17, it is expected to turn into an uptrend.
(buy)
- After confirming the support in the vicinity of 106.17
- After confirming the support in the vicinity of 96.11
(Stop Loss)
- When it falls below 96.11
When it falls below -84.57
(Sell)
- When resistance is received in section 1 (127.75-143.57)
- When receiving resistance in section 2 (169.99-191.02)
The keypoint point is point 106.17.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
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