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Solanaanalysis

Solana down into the $120 mark?From what we can see Sol has been trending bearish within a channel. The higher marked zone as acted as a very strong support once, however if we come back to it for a second time, it may not be as strong and be more likely to break. The lower zone we have marked which lines up with that $120 region, also has the 200MA and 320 EMA, which if we look back, have always acted as strong supports with the trending price. That can be a strong demand area for buyers.
FTX:SOLUSDShort
by opes_trading_group
SOL Solana: 1D Chart ReviewHello friends, today you can review the technical analysis on a 1D linear scale chart for Solana (SOLUSD), a cryptocurrency. Quick Analysis: 1) The price of Solana is currently in a Descending Parallel Channel which has been respected for over a month. 2) The price failed the re-test of an important support line when the price was going up, however that line will potentially be resistance going forward. 3) The price entered back into a consolidation channel which it was in for over a month in September-October 2021. 4) If the price continues to fall, keep an eye on the danger line as it would be one of the last areas of support. 5) RSI (relative strength index) is hovering around the oversold region. 6) Stochastic RSI (Stoch RSI) is in the oversold region. 7) The Volume is low compared to the recent Volume each day. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
FTX:SOLUSD
by MillionaireEconomics
1
SOLANA ROADMAP FOR THE NEXT 3-4 MONTHSEmissary over here. Hello again everyone. Today we take a look at SOL. As you can see on the chart, offer and demand zones are noted by purple horizontal lines. Macrotrend support zones are noted by light-blue trend lines. We are aproaching one in the short term. Entry zone is noted by the green box and exit zone, for me at least, is noted by the red box. The roadmap, based on price action, is as follows. I think from the current price well reach the 214 area. Then price will be pushed back again to 177, where I have a buy order placed at the moment. From there price will breakout local downtrend to the 239 lvl. Price then will come back to 214 or to our macro light-blue trend line at around 188. From there I think well have a clear path to reach ath once again. From there im out for the moment. Thank you for reading the message. If you like my work give it a thumbs up and leave a follow for more everyday analysis. Remember the message never sleeps. Also remember this is no financial advise, DYOR and trade at your own pace and risk.
Long
by MessengerFromTheUnderworld