Solana is in a good location for shopping. This pattern is called positive head and shoulders. Domain Collar 20.50 from this pattern. After breaking this level, the pattern is complete and the appropriate entry point in this pattern is after the pullback. There are two positive factors in this currency that increase the probability of success in this...
Hello Traders, Here's my price action analysis on SOL/USDT.P (Binance) in 1 Hour time frame. We broke the downtrend structure mentioned as MSBs ( Market Structure Break ) and Change of characters are also mentioned in charts. Right now we are retracing golden pocket of FIB.R after breaking the download and there's only 18% chances according to the data of 82...
Solana just broke a downtrend by creating a higher higher and stopping lower high sequence, now we are waiting for a retracement to a demand zone where we should entry a long position/ Entry: 48.26 (Demand zone) Invalidation: 34.3975 (Below last lower low) Target: 101.72 (POC)
After breaking the downtrend line, the Polbeck car moves towards higher targets on it and we have to wait for it to break. KUCOIN:SOLUSDT