SOLUSDTPERP
SOLUSDTSOL just did a 16% move up and became the hottest coin on Binance.
There are 2 TPs that I can predict if market keeps the strength.
Since it got rejected by a strong resistance then it might go down and touch support once or twice.
Wait for a confirmation and then open long positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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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.
$SOL - looking spicyFundamentals:
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. (Coinmarketcap)
Technicals:
Like a multitude of altcoins seem to be breaking a donward trendline of their corrections
With this being fundamentally bullish seems perfect to buy for the next legs up if they come
Broke trend-line, no clean back test, so if market momentum isn't too great, bids in or just above that demand zone should be good
Key resitances highlighted with local fib of the play on LHS
Cmon $SOL
SOL/USDT Price Prediction ®SOL Broke out of the descending triangle. We are looking bullish as of now if the RSI can stay above 54.64 we will remain bullish.
If the RSI drops below 49.06 we will most likely return bearish.
If we see a throwback and break below 11.4953 we will probably return bearish and drop between 10.3137 and 7.5305-
EMA 20 crossed the EMA 40 (2-hour time frame)
EMA 20 crossed the EMA 25 (1-hour time frame)
MA 50 below the chart (bullish) (4-hour time frame)
TP1: 17.6395
TP2: 19.3659
These are just my thoughts don't take this as financial advice. Like if you agree, any feedback is much appreciated :)
✳️Solana/USDT (13/11) View + Trading Plan #SOL $SOLSOL was rejected in2.3-2.4$ zone and returned to 1.8-1.9$ zone, which is also a good buy zone to wait for SOL to break back 2.3-2.4$.
If SOL breaks 2.3-2.4$ zone, it will move to 3$, 3.5$ or even 4.5$ in December.
But if the SOL falls out of the 1.8-1.9$ zone, it will plummet and the furthest target is the 1$ zone
📈BUY- LONG
-Buy: 1.8-1.9$, stoploss if B
-Buy more: 2.3-2.4$ if A, stoploss if B
📉SELL-SHORT
-Sell: 2.9-3$, stoploss if A
-Sell: 3.4-3.5$, stoploss if A
-Sell: 4.4-4.5$, stoploss if A
♻️BACK-UP
-Sell close to 1.8-1.9$ if B, stoploss if A
-Buy: 1-1.1$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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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