SOLBTC trade ideas
What is the direction of SOL?Descending Triangle - Bearish - Direction is down
String S/R Zone and Trend Line - Bouncing - Direction is up
EMAs positions are bad - Bearish - Direction is down
SOL/BTCSOL/BTC It seems to have broken the down trend, stuck within a range, in possible accumulation? Double bottom, possible bullish flag on the 4 hour chart.
Low risk buy is 5600 area if it gets there again, easy to cut if closes below. Can wait for the S/R flip of the 7200's area. BTC dominance might be in reversal mode, so take some caution here. If BTC dominance starts to increase again, then you know what
If you really want in then the bottom of the flag might be and okay entry.
Not an expert, I just see patterns!
SOL / BTC (very short Edit)SOL, looks ready!
Big double bottom, accumulating on low volume, if we break RED OB big breakout incoming! For fun some targets for you guys!
Keep an eye on SOL!
$SOL*Coin burn on 28th of May or earlier.
* Retraced to 0.786 Fib.
* MACD Bullish Cross
* RSI approaching 50.
* Up trend line on 4h
SOL/BTC move up after deviationBINANCE:SOLBTC
In SOL/BTC pair we can see a falling wedge is forming. At the same time we have a deviation of the channel.
If the falling wedge plays out we may see the yellow line scenario playing out.
SOL / BTC - opportunity within patternSol is bouncing off the bottom of the triangle.
Buy indicator on superwaves indicator has preceded move up the last few times.
Expecting a retest of top trend line.
#SOL/BTC (May 08)SOL is very weak and moving down to 5000sts zone if it can't break the 6250-6300sts zone.
Wait at 5000sts and target should be 7000sts
Warning : If SOL breaks 6250-6300sts, this analysis will be invalid and need to be updated!
#SOL/BTC 120 mins Don't FOMO Buy Range Here.Hello everyone welcome to this update.
SOL/BTC after the Listing is moving under a Curved channel. i BELIEVE THE BEST RANGE TO BY SOL could be :
ENTRY RANGE: 7400 to 7800.
TARGETS:
Target 1: 9291
Target 2: 11101
Target 3: 12804
Stop Loss : 6903
I believe any two scenarios could play out as shown in the chart.
Please hit the the like button if you agree and like my works.
Thanks a lot.
#PEACE
SOL/BTCThe coin has broken the falling wedge and flip the gray zoon into the support. In addition, its sitting on the golden pocket an the bullish divergence is clear on the 1H timeframe. Really bullish.
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SOLANA - SOL/BTC -BREAKOUT1H tf
-Solana clearly bouncing off 0.618
-breaks out of an 8d ay resistance triangle
-then, reaches and breaks through 200 EMA
-It pulled back to 618-786 zone
-now trending upward, conquering the 50 & 100 EMA and could conquer 200 EMA before the day is over.
-From here, would could see a ~56% move before a significant pullback.
imho.
Solana Project Overview + Chart Fully MappedAbout Solana
Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.
Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency.
Source: Coinmarketcap.com
Website: solana.com
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Here we have SOLBTC (Solana), this is a young chart so we have little info, it becomes harder to read future movements without history.
Here I've marked the different support and resistance levels using the Fibonacci tool.
Prices for SOLBTC are trading above EMA50 and also the 0.382 Fib. extension level, which we can take as a strong bullish signal.
The RSI and MACD are also looking bull.
If prices remain above the black dashed line, SOLBTC can easily move higher.
On a drop, the dashed/dotted lines below EMA10 (in green) will work as support.
Right now the bulls are in control.
Namaste.
