Solbtc
SOLBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see we have drawn two support lines. The price is fluctuating on the first support line at the moment. If the price is not supported here, it will move toward the second support line which would be a good place to buy. You can see that the price has hit this support line two times and was supported. But if it goes below this support line too and stabilizes there, we expect it to fall down to 0.0030733 step by step. We have a resistance line which the price has hit two times and could not stabilize above it. If it is able to do so this time, we can go into trade after a pullback for higher prices.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Solana Breakout PatternBINANCE:SOLUSDT BINANCE:SOLBTC
On the left hand side we have Solana Bitcoin chart which formed ascending right angled triangle. Horizontal top of the triangle also formed nice resistance zone and SOL BTC price touched the resistance 4-5 times during the last 4 months. Hypotenuse of triangle is also forming nice support line with higher lows for SOLBTC price. This overall setup tells us that Solana is strong against BTC and this trend will follow until further breakouts (either upward or downward).
I am expecting SOLBTC price to touch the resistance line again during the next month with a price target of 0.0043 SOLBTC.
On the right hand side we have Solana USDT price chart which is trading on ascending channel starting from august 2021 and made several higher highs and higher lows during that time. On a shorter time period we see descending (red) channel which started formulating from early November. We have seen one price breakout from this red descending channel which touched our upper line around $240. The price also broke the channel on 24 December and I am expecting that the price will touch the upper line again around $260 during the next month. If the price breaks above this line then we can see new ATH prices.
Overall I am bullish on Solana and will post an update if I see any reversal signs.
Good luck and trade smart! (not a financial advice)
Please like and share if you like my idea.
Solana Rising Wedge Breakout, Dec 26Solana pattern broke from bottom after it reached ATH target (4.236 Fib)
This is how I imagine Solana path
This scenario is valid till price is under the red trend line. Even it's possible that sol reach near ATH again and then go down
Anyway, I expect the wave 5th of Solana
SOLThere is no certainty in the market, this is just a downside plan that may not happen ...
We have lost an important static support (purple box)
The floor of the low-slope descending canal is broken downwards
And is retesting...
The green box is very important at the price of $ 130 and has a supporting role
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If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...
Solusdt is going to retest the support zone. Solusdt is going to retest the support zone. At the support zone, we will see two possible scenarios, which are it may bounce back or see some more selling pressure and my thoughts are about to see some more selling pressure because at the support zone first layer about 126usdt there also the neckline of the chart also waiting to break.
I am bearish to see 79 usdt
Thanks and happy trading
SOL | Just broke the local downtrend#SOL/USDT
You can entre now at 236✅
Targets:
- 278
- 310
Stop-loss:
Close daily candle under 220
The recommended capital is no more than 5%
🌹Don't trade with out risk/capital management and Stay Safe 🌹
🌹 Thank you 🌹
See available trades to enter on Related Idea section
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.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.