💡Don't miss the great buy opportunity in SOLUSD @solanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (34.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 38.00
TP2= @ 41.25
TP3= @ 44.07
TP4= @ 46.96
TP5= @ 53.06
SL= Break below S2
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Solusdtlong
SOLUSD BUY/LONG (50.00 to Potentially 80.00 by September 2021)TICKER CODE: SOLUSD
Company Name: SOLANA
Industry: Cryptocurrency | Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Flag (Completed and Retraced )
2. Large Head & Shoulders Pattern
3. Fibonacci Expansion exhaustion at 4.236 near Take Profit Level
Buy Entry: NOW READY (50.00-52.00)
1st Partial Take Profit: 62.00 (June-July 2021)
2nd Partial Take Profit: 74.00-80.00 (September End 2021)
I would recommend holding some of these coins until the price change trend direction
Also, I would consider skipping 1st Partial Take Profit as it is relatively a strong trend at the moment
SOLUSDT Good BUY!SOLUSDT(1H CHART) Technical Analysis Update
SOL/USDT currently trading at $46.45
Buy-level: $45.50 - $46.50
Stop loss: Below $43.50
Target 1: $47.30
Target 2: $48.90
Target 3: $50.00
Target 4: $53.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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SOL Is Completely ready for a BIG MOVE to Moon!We also have witnessed in last BTC DUMP that SOL was the only coin going against Whole Market.
Right now it's just behind $50 Psychological Resistance.
Once it's broken, $100 Psychological Target is just a matter of Time.
Currently it is Sitting Perfectly at Daily Support of $39 and in Accumulation Phase.
SOLUSDT - 2 fake breakoutsLong accumulation in a range (23 days)
- 2 fake breakouts
- Plenty of volume
- Clear and clean local downtrend
- Global uptrend on D1
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Before to trade my ideas make your own analysis.
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ps - from a subscriber.
SOLUSDT - Ascending Triangle PatternOften a bullish chart pattern, the ascending triangle pattern in an uptrend is not only easy to recognize but is also a slam-dunk as an entry or exit signal. It should be noted that a recognized trend should be in place for the triangle to be considered a continuation pattern. In the above image, you can see that an uptrend is in place, and the demand line, or lower trendline, is drawn to touch the base of the rising lows. The two highs have formed at the top line. These highs do not have to reach the same price point but should be close to each other.
The buyers may not be able to break through the supply line at first, and they may take a few runs at it before establishing new ground and new highs. The chartist will look for an increase in the trading volume as the key indication that new highs will form. An ascending triangle pattern will take about four weeks or so to form and will not likely last more than 90 days.
How do the longs (the buyers) know when to jump into the issue? Most analysts will take a position once the price action breaks through the top line of the triangle with increased volume, which is when the stock price should increase an amount equivalent to the widest section of the triangle.
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