#SOLANA / the most accurate roadmap
Solana's trend will be falling for now
But what are the points that you should pay attention to?!
First: As long as it is in the BEARISH channel of the 1-hour time-frame, there is a possibility of a sharp drop towards the specified targets. So, if you see patterns of continuation of the trend in lower time frames (below the 1-hour time frame), do not hesitate to get SELL!
Second: If the BEARISH channel of the 1-hour time-frame breaks upwards, you should look for confirmation of the SELL on one of the key levels of 139.94, 144.80 or 148.07.
Falling targets in order from short term to long term:
Target 1: 129.31-128.67
Target 2: 120.54
Target 3: 110.73
What details can you add to this analysis? Comment me
But what are the points that you should pay attention to?!
First: As long as it is in the BEARISH channel of the 1-hour time-frame, there is a possibility of a sharp drop towards the specified targets. So, if you see patterns of continuation of the trend in lower time frames (below the 1-hour time frame), do not hesitate to get SELL!
Second: If the BEARISH channel of the 1-hour time-frame breaks upwards, you should look for confirmation of the SELL on one of the key levels of 139.94, 144.80 or 148.07.
Falling targets in order from short term to long term:
Target 1: 129.31-128.67
Target 2: 120.54
Target 3: 110.73
What details can you add to this analysis? Comment me
Note
Based on this head and shoulder channel, you can profit from the short-term movement.If the channel breaks the head and shoulders up: buy
If it breaks down: sell
Note
Basis for confirmation of sell and buy in 5 minutes time-frameLook at the box I marked in the picture
Breaking this box down in 5 minutes time-frame: confirmation of SELL
Breakout of this box to the upside in the 5 minute time-frame: BUY
In continuation of the main analysis
Note
Target 1 was achieved...Exactly on the HIGH of the BEARISH channel of the 1-hour time-frame, a DOUBLE BOTTOM was formed and started to fall with this pattern. Forming patterns on the HIGH of the BEARISH channel is a good idea for SELL trading!!
Note
Targets 1 and 2 were achieved
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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.
Related publications
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.