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Solbtc

SOL - potential trade 🔥🔥The SOL is close to the trend line. After the first attempt to break the trend line, there was a false break, and the price was corrected by 25%. The SOL is now trying to break the trend line again. Statistically, the winning percentage of the second breakout is higher, so it could be a good buying opportunity now. 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.
Long
by Yuriy_Bishko
3
SOL/USD - Be careful on Solana! 🙄Solana had a strong rally this past week but was rejected by the resistance at $236. Due to today’s market dropdown, SOL was pushed back on the key support level at $190. SOL was already giving a bearish signal due to the indicators, with a daily MACD that completed a bearish cross on November 11th. Whenever this happens, it is always best to be cautious and not FOMO in. SOL has continued to make lower highs and lower lows. Today’s daily candle has wicked all the way down to $182, which is the lowest level since late October. Looking ahead, Solana appears to be in a longer correction that might take longer to play out, and today’s price action only reinforces this bias. While the support at $190 has held today, this is not a guarantee that it can hold another attempt at breaking it. The indicators such as MACD and RSI remain bearish, and it is best to remain careful. Like and follow if you liked my idea!
Short
by DU09
1
SOL - Is the fall over? ❓😱SOL has been in correction for over a week now. From the highs, the price has corrected by 17%. It is worth noting that the price has tested the previous high of $215. Now we see that there is a buyer and the price locally bounced from the key level. There is no good entry point at the moment, but in case of a breakdown of the key level, the price could correct to the area marked below. A breakdown of $148 could be a good buying opportunity. 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.
by Yuriy_Bishko
10
SOL/USD - Support held, but can it push higher?😒SOL did not have a good week and declined by more than 11%. It also broke below the support at $216, which was the previous all-time high from September. SOL found support on the $190 level and is currently trying to reverse the downtrend. Unfortunately, the daily MACD continues to accelerate downwards and has been bearish for over a week without any signs of a reversal on the horizon. The support at $190 appears strong. However, it is early to say if the downtrend will end here, and it is best to be cautious. Looking ahead, Solana already had a stellar performance this year, and it is hard to demand more from it at this time. Therefore, this correction can last a while, particularly because on the daily timeframe, SOL has made a large bearish divergence between the top in September and the one in November. Like and follow if you liked my idea!
by DU09
1
MANA in a nice descending triangle - Wait for the breakout! Here's a quick Look at MANA 1 hr chart. As we can see, the price has been forming a descending triangle and we could see a bigger break either way soon - BTC just need to get stable! Definitely one to keep an eye on. The best entry would be, when the price breaks above the descending triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart. Targets: 1. 3.47$ 2. 3.75$ 3. 4$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
3
SOL printing a falling wedge - We could see a breakout soon!Here's a quick Look at SOL 2 hr chart. As we can see, the price has been forming a falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge! The best entry would be, when the price breaks above falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above falling wedge and take profits at the levels shown in the chart. Targets: 1. 242$ 2. 250$ 3. 259$ ------------------------------------------- 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." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
2