Solanausdt
SOLANA STILL IN A DOWN TRENDGOOD MORNING,
Today, there is an intersection of several indicators for the SOLANA crypto, and that's intersection says there is a downtrend so I will show you how:
1) we are protected by strong resistance and also the VWAP and the dynamic resistance also
2)we have an inverted 4EMA which means a downtrend
3)we have a bear divergence confirmed by MACD
SELL AND OPEN YOUR WALLETS
GOOD LUCK
Solana (SOL) to $310 in Q3-2023Hello everyone,
I've been studying the market for a long time, about 15 years now. Cryptocurrencies have been in my portfolio since 2015.
In my time of analysis I've noticed multiple trends in long term, they seem to be reoccurring through all cryptocurrency. They're either different styles of bear/bull wedges or flags .
Lately I've been thinking about the possibility of another bull wedge or bull flag in the long term, the shape is merely beginning, hence the possibility of this idea.
The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge , that is if we break through the current bear pattern.
I've calculated that we by Q3-Q4 of 2023 we'll see a new ATH of Solana, around $310 .
As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness.
We're still in the phase of resistance , the very first step into the journey of acceptance . Google it, it's worth a read and applies to many new concepts like crypto.
Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking.
Banks and governments will ultimately have to bend and shape into the new way of digital economy, you see this happening everywhere.
Let me know what you think, thanks for reading.
~ Murkemur
SOL, squeezing and breakout as a good buying opportunity!On the SOL chart you can see the big value area. The main key level at the moment is $105, which is the upper boundary of this range. Now the price is starting to squeeze near the key level. This is a positive signal. Squeezing and breakout of the key level will be a good opportunity for buying.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SOLUSDT- Inverse Head And Shoulders PatternSOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $96.8
Buy level: Above $96
Stop loss: Below $84
Target 1: $103
Target 2: $108
Target 3: $116
Target 4: $125
Max Leverage 3x
Always keep Stop loss
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SOL/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
SOL is looking very weak right now and with BTC dropping I expect the coin to return to the 78$-80$ range. I think that the markets are very unstable right now and SPX/BTC correlation might be a little off in the next days but I expect sideways price movement. MACD shows that the coin will have a small drop and that's what I am counting on. Be careful trading in the next days and please stay safe. Comment what you think.
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slowing down of SolanaHi Guys, I'm back after long time hope you all doing great and this is my view about Solana as you can see SOL stuck in a very bearish down trend, but clearly the 4h time frame RSI indicator has broken the trend. If the market hold on to the support after retest we have a small buy opportunity 128.30 will be our first target. However if the market for whatever reason couldn't hold on to the support line it will drop down to 59.02 trade carefully guys.
good luck
SOLANA HAS LOST KEY LEVELS Ukraine and Russia have done the market a lot of bad.. for Solana it probably looks a bit worse than other cases.
We had issued statement before that the 200$ mark was a key resistance..Unfortunately, the price has lost key support levels now and a further drop looks more likely.
Bad news for Solana in particular.
One Love,
the FXPROFESSOR