Solanausdt
SOL USDT PERP SHORT IDEAas you can see the price of SOLANA has been declining ever since it broke the support / trend line at 189.84 , it then found support around 167.58 (twice) and also found a new resistance at 179.80.. looking at this pair right now it will break that support of 167. but a candle close will let us know how to react to this...if it does break we will see next support at 153.42
Solana Breakout Before January 13thTop Chart - SOL /BTC Heikin Ashi candlestick
Bottom Chart - SOL/USDT Japanese candstick
Pretty clear breakout for solana coming very soon sometime before Mid January 2022. Using the SOL/BTC chart with Gann Fanns on Heikin Ashi we can see a clear squeeze coming in. Infact using this SOL/BTC chart with the Gann Fans would have resulted in some great short trades.
Even tho three rejections of the 8/1 Gann Fann is very bearish we have to remember that is a Dominance chart and not a price chart.
Straightforward trade here on solana high reward and low risk.
Long 173
Stop Loss 167
Take Profit starting from 330 upwards
May cycle top prediction for solana 1000 dollars
Anyone know if there an exchange that offers inverse sol contract on margin? :P
Solana Update - H4 - Reversal at 120 lv I did TA on H4 chart at a very begging of November and I was a bit shocked and surprised with my outcome.
I can see that after last 2 months my TA still valid and seems steadily heading for 120 support level. It seems that only after reaching 120 support level , we can aspect trend reversal for a long term.
I wish patience to all for an another month or two.
Like me or hate me, but please, don’t forget to share your insights, TA and comments!
I do wish a very successful trading in 2022 for everyone!!!
Solana Rising Wedge Breakout, Dec 26Solana pattern broke from bottom after it reached ATH target (4.236 Fib)
This is how I imagine Solana path
This scenario is valid till price is under the red trend line. Even it's possible that sol reach near ATH again and then go down
Anyway, I expect the wave 5th of Solana
SOL Could Reach Just Above $700 This CycleSolana is printing extremely similar chart of what eth did in 2016-18. It looks almost the same, although i don't think sol will go that far in terms of percentages as eth did back then. Largely because of the current market cap and use case, where eth is practically a gas for other similar projects to be build on.
As we don't have any historical data to be relaying on, it is still largely a guess where the price could reach. From what i've seen in 2017 lots of new coins went to the full fib. extension, which was extended over recent major correction and consolidation. For the fully extended fibs, 0.236 ext has to sit on top of the range and 0 on the bottom. Something similar did BitShares (BTS) in 2017 (will show in the update).
I would expect more positive price action from Solana as it brakes above and find support on that rising trend line that we broke recently.
I am not a financial advisor so non of this should be taken as a financial advise.
BINANCE:SOLUSDT
Solana Short-term Trade 16.7% Reward to 5.1% Risk.Solana broke an ascending triangle and gave us a clear target and a clear stop loss. The reward to risk ratio for this trade is 3.28 with 16.7% potential gain to 5.1% potential loss. Enter, set your stop loss and let it ride. Don't forget to set alerts for when it goes up about halfway (about 7% up) so that you move your stop loss up.
SOL/USDT - Potential 70% SetupHello Traders!
SOL is exiting the correction, the price is back above the MA100 on the daily timeframe.
Price is moving in an active trading range of $171 - $195
It's is best to make purchases in two parts:
The first is between $175 - $190.
The second is between $150 - $165.
Stop-loss shall be placed under the level of $122
The targets by Fibonacci levels:
$276
$330
$383
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
SOLUSDT - Next Target??SOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $191
Buy level :Above $190
Stop loss: Below $173
TP1: $197
TP2: $208
TP3: $224
TP4: $240
Max Leverage 2x / Spot market
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.