SOLANA - SOLUSDT 3 clear Bullish patterns!
Dear Friends,
I’m excited to share a simple analysis of SOLANA with you once again.
At first glance, the whole chart looks bullish to me, and here’s why:
1. Bullish Descending Broadening Wedge Pattern
2. Bullish W Pattern
3. Triangle in an Uptrend = Bullish
Target: 260 / 1400 USDT.
There's also a head and shoulders pattern visible, which in my opinion will not work out.
When a head and shoulders pattern fails, it can act like a rocket, with prices shooting off in the opposite direction. This can often be more profitable than trading the classic head and shoulders pattern.
While the head and shoulders pattern might tempt some to go short, remember that Solana is a top-tier coin. We’re currently in a bullish phase of the market, which aligns with Bitcoin’s halving cycles.
So, please be cautious about going short in this market phase and be extremely careful with futures for the risk of liquidation. Spot trading is safer and in case of a manipulated spike you still have your coins!
Happy trading and good luck!
Disclaimer: This is my personal view, not advice to buy or sell. Always do your own research!
**** For private /custom analysis, contact me ****
I’m excited to share a simple analysis of SOLANA with you once again.
At first glance, the whole chart looks bullish to me, and here’s why:
1. Bullish Descending Broadening Wedge Pattern
2. Bullish W Pattern
3. Triangle in an Uptrend = Bullish
Target: 260 / 1400 USDT.
There's also a head and shoulders pattern visible, which in my opinion will not work out.
When a head and shoulders pattern fails, it can act like a rocket, with prices shooting off in the opposite direction. This can often be more profitable than trading the classic head and shoulders pattern.
While the head and shoulders pattern might tempt some to go short, remember that Solana is a top-tier coin. We’re currently in a bullish phase of the market, which aligns with Bitcoin’s halving cycles.
So, please be cautious about going short in this market phase and be extremely careful with futures for the risk of liquidation. Spot trading is safer and in case of a manipulated spike you still have your coins!
Happy trading and good luck!
Disclaimer: This is my personal view, not advice to buy or sell. Always do your own research!
**** For private /custom analysis, contact me ****
Disclaimer
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