Solbtc
SOL bounced from the support of $130On a daily TF, SOL tested the major support area and bounced from the $130 level. SOL will turn bullish if it breaks the resistance area and stabilizes above it. The market is recovering slowly, and we may soon see a retest of the resistance area. Keep your eyes on the support and resistance area.
SOL/USDT 12HOUR UPDATE Welcome to this quick SOL/USDT analysis.
I have tried my best to bring the best possible outcome to this chart.
Reason of trade:- SOL/USDT 12hour analysis look bullish chart and MACD bullish crossover buy green zone
Entry:- buy green zone
Traget:- 75% to 100%
Stop loss:- Greenline downside candle close
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
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SOL, 70% drop, time to buy?SOl corrected 70% from its highs. Price came into a strong liquidity zone. Also, very positively, there is a lot of volume at the bottom. When to buy if not now? This is a good time to buy on a DCA strategy. Yes, the price could fall even lower, perhaps even 80 - 90% of its highs, but with a DCA strategy you will have a good average buy price.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Solana could drop furtherSolana broke through a very small level of support at around $90. However, the next big support zone is around $70.
Ideally we want to start seeing higher lows and higher highs being formed, in which case we might consider this a fakeout from the channel it was in. As that is a descending channel, the HL's and HH's need to continue breaking the general trend.
I believe the blue case to be far more likely at this point.
What are your thoughts?
SOLANA Still $1000 Potential Because of Elliott wave Pattern?#SOLANA Exclusive Update:-
$SOL currently trading at $96
- Almost -68% down from ATH
- ATH was $267.52 and the Recent Low was $87.72
- Solana is Long Term Bullish Project.
- As per My chart Always Big Pump after Accumulation Box.
- May 2020 Low was $0.48 and Went up to $4.76 within 111 days.
- ~1000% Pumped in 111 days ( From May 2020 )
- After Hit $4.76 ATH, $SOLANA dumped hard and -75% down from ATH
- But After this Big Dumped $SOL again Pumped 4200% After Accumulation Box.
- Now 3rd Box is working as per Previous Data.
- Elliott Wave also Formed and Waiting to test the "C" Retracement wave.
- $SOL also Down -68% from Recently ATH.
- If Support 1 Hold Then This will be the best Entry.
- But For Bull zone must break $155 Resistance.
- If Break $155 Resistance then we can see $SOL price $1000 in Near Future.
- I will accumulate around $70-$80
- Must Hold $70 Support. If failed to sustain then Next Support will be $40
This is all information about $SOLANA chart Update.
This Chart took Too much time so Request Like and Support.
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Solana(SOLUSD) IN CORRECTION - SHORT TO $102 or $78 The five wave impulse wave is shown in the 5 wave series (blue wave)
The corrective wave correcting the whole 5 wave is in action with a ABC correction
-------- ABC correction can be the following -------------
1) Zig-Zag
2) Flats
3) Triangles
This looks like a zig-zag correction so the zig-zag correction is a 5-3-5 correction and I believe it might end in 2 points
One at 61.8% retracement - $102
second one at 70% retracement - $78
Let's see which ones makes a turnaround, appreciate the feedback
✴️ SOL/USDTSOL gives a breakdown from the support and then aggressively pushed to upside breaking market structure. The price again broke the support and tested the lower support zone of $171 - $177. Wick indicates strong buyers, but the closing has not happened yet. If the price closes below the support, we may see more dump.
SOL - Large negative divergenceGood afternoon. On a daily chart, We see a large negative divergence, and if you plan to enter, the range of $174 to $183 is suitable for entry for the lower intervals. If it loses this range and the positive trend line, the fall is in the range of $140, and if you want to hold, enter only in the range of $120 to $140. In case of an increase, enter only by breaking the negative trend line.
SOL - When to enter?On a daily timeframe, SOL breaks the positive trend it has had in recent weeks. If it can break the 217 static range, the negative dynamic resistance will break and return to the top of the dynamic support. In this case, you can enter for the targets of 235, 250, and 280.
To enter, be sure to wait for stabilization above 217.
SOL/USDTThe negative trend line is broken on a daily timeframe, and the pullback is in progress. Weakness is observed in the upward movement. The $ 200 to $ 212 range is strong resistance. If it fails to break this resistance, we will have another fall, in this case, enter at the support levels of $ 145 and $ 120.
Keep an eye on support and resistance levelsOn a daily TF, It breaks the major support of $ 150 and now trading below it. The first resistance for SOL is the $ 148 - $ 152 area, and it needs to go above it to gain some bullish momentum. If it is rejected from the $ 148 - $ 152 resistance area, we see a test of the major support of the $ 125 - $ 130 area. SOL needs to hold the support. Otherwise, we may see the price going below the $100 area.
May find support soonLooking at SOL vs BTC, we can see that price has broken down as expected (see linked ideas) and is currently looking for support. My initial thought is that it would likely test the 200 EMA, but price appears to be finding some support at these levels. If it can hold here, I would consider it very bullish and would expect a break above the smaller resistance line.
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These are my personal views and not financial advice. Please do your own research before investing.
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SOL, are there any good buying opportunities? SOL has been in a downtrend for a long time. The price has already broken this trend line several times, but all have ended in traps.
There are two possible scenarios for buying:
-first scenario, a breakdown of the trend line.
-second scenario, a false breakout of the 116$ level
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.