This is how I see Solana USDT
1. It kind of respect the Fibb, 0.618/0.786 as support and and set our target at $290 area (-0.272 Fibb)
2. We are in an uptrend channel, but we can also put in mind that this could be a potential Head and Shoulder pattern.
3. What I would want to see is a showup of bullish candle in Weekly timeframe and a confirmation before entering.
4. If you're an investor, I suggest layering it up atleast 25% in every big support and once a bullish and confirmation candle show up that's the only time you can add more. (But always follow your plans, that's just my suggestion that you can consider)
SOLUSDT
Blue Arrow = Bull taking control
Red Arrow = Bear taking control
Green Rectangle = Support
Red Rectangle = Resistance
Hope you like my easy and understandable analysis.
Follow for more of this in future.
Thanks for viewing!
-
SOLUSDT
1. It kind of respect the Fibb, 0.618/0.786 as support and and set our target at $290 area (-0.272 Fibb)
2. We are in an uptrend channel, but we can also put in mind that this could be a potential Head and Shoulder pattern.
3. What I would want to see is a showup of bullish candle in Weekly timeframe and a confirmation before entering.
4. If you're an investor, I suggest layering it up atleast 25% in every big support and once a bullish and confirmation candle show up that's the only time you can add more. (But always follow your plans, that's just my suggestion that you can consider)
SOLUSDTBlue Arrow = Bull taking control
Red Arrow = Bear taking control
Green Rectangle = Support
Red Rectangle = Resistance
Hope you like my easy and understandable analysis.
Follow for more of this in future.
Thanks for viewing!
-
SOLUSDT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.