Solusdtshort
SOLUSDT heading down towards weekly supportThe price seems to be heading towards the weekly support WS1. It has lost important support levels and the next good support is the weekly support WS1. Therefore, it seems logical and probable that the price will head there before finding any meaningful support and bounce. A long definitely will be favorable once price reaches WS1 as there should be good enough bounce to make a long trade favorable.
Would you buy #SOL if it would cost 5$?After breaking below 200 and 100 ema on D TF at the level 22.6$ that was standing as support, retest of that support level, that is now is a resistance, could tell us about the confirmation of the continuation of the downtrend.
Currently #SOL looks pretty bearish, and I expect continuation of the downtrend towards to 18.36$ (where we have W FVG) and then to 14.95$ and probably below towards to 5 -8 $ per coin, if it wont manage to hold above M FVG level or 14.95$ (n.1)
If the coin will manage to stand above M FVG, then high probably that it will return to 18 - 19$, where it will be important to see the break above 19$ to continue its uptrend towards to 22- 25$ (n.2)
Or another scenario is that SOL comes to W FVG 18.36$, bounces and comes back to 22 $ to continue its uptrend. (n.3)
solusdtNew update of Solana currency
According to the previous analysis, the price did not have the necessary resistance and crossed the lower line of the triangle, and I expect further correction to the specified range. The number specified in the picture is my intention to enter the purchase transaction. When the price reaches the specified number, please check carefully. As a rule, below the green range is your loss limit. And I tried my best to make the picture self-explanatory.
With thanks for your attention.
Good luck.
SOLUSDT still at weekly resistanceHere is an LTF view of SOLUSDT. The price is trading rangebound between hourly support and resistance. This hourly resistance is a bit above the weekly resistance one WR1 which has held the upward movement of the price experienced in the past few days. The price has hit the hourly support several times only to bounce from there and has reached to the hourly resistance a couple of times only to be rejected. At present the price is bouncing from the hourly support and trading just above it. I expect that it may move up to 21.80 and then start going down. On high time frame, probabilistically it makes sense to go long only after weekly resistance is cleared. Until then short is favorable from weekly resistance on large time frame. Not in trade for this one at moment.
SOLUSDT at weekly resistance, pullback likelyThis one has reached to the weekly resistance WR1. I expect the price to retrace here. This weekly resistance is a strong one and can hold the price back. The next supports are 4h support 4HS1, daily support DS1 and weekly support WS1. I expect the price to retrace at least to 4h support 4HS1 and probably to daily support DS1.
SOLUSDT Elliott Waves Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and higher
Target: 20 - 17 and maybe even ~15.5
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
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A fast trade on solIt is a bearish market .
A fast trade on sol usd on a bearish basis .
A strong and fast sell we done . we must put a stop that shown in the graph as it couldnt pentrate the resisitance shown in the graph .
If it was broken we should leave it away