Solano Trading Close to Major SupportLike the rest of the crypto market, it's been a tough few weeks for Solano. Price has come down so much that it's only a few points above the major support level. For this reason, there is a good chance that price will come down and test the major support level at 125.00 and 115.00 respectively. Will buyers jump back in at these levels?
Solbtc
Solana (SOL) - January 12Hello?
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(SOLUSD 1W Chart) - Mid-Long-Term Perspective
Above the 61.44 point: the uptrend expected to continue.
Above 108.38 point: Expected to create a new wave.
I think the 108.38-152.84 section or higher is more likely to be the high point section.
Therefore, it is necessary to confirm whether the support section will be formed by receiving support in the section 108.38-152.84.
(1D chart)
First resistance section: around 191.01
Second resistance section: 238.46-254.28
First support section: around 96.10
Second support section: 48.65-64.47
The 127.74-143.56 interval is an important interval that determines the trend.
So, you need to check if there is any movement out of the 127.74-143.56 section.
However, a trend is expected to form as it deviates from the 108.38-152.84 section.
To continue the uptrend, it must rise above the 172.99 point.
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(SOLBTC 1W chart)
Since the wave is not complete, it is difficult to establish an accurate support and resistance interval.
Accordingly, careful trading is required.
Above 0.0019336 point: Expected to create a new wave.
If the price declines from the 0.0031426 point, it may move towards the 0.0026815 point, so a short stop loss is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Will Solana get his original price back?I predict Solana's currency will have an upward trend to $ 128. From $ 128 to $ 180, the upward trend can start again and the next drop is up to $ 146 and again we will see a short profit up to $ 169 and again a downward trend up to $ 130. We have from $ 130 to $ 219 can give a good profit to the buyers of this code and this period will last 81 days from the point of view of my analysis. put
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Solana Analyze (Counting Waves_Double Zigzag Correction)!!!😉What is Solana doing these days? although Grayscale added Solana to its portfolio . I have a suggestion for you, if you want to add Solana to your portfolio please read this post and do not forget to ✅ like ✅ it.
Solana Analyze ( SOLUSDT ) Timeframe 8h ⏰ ( Log Scale )
Location 🌊( Long term ): about the location of Solana , please read my post with the topic '' Solana Analyze (Road Map)!!!🗺️ ''
Location 🌊: Solana passed microwave 5 of the Main wave 3 by the ending diagonal pattern and then it has started the main corrective wave A from 260$ . The corrective structure of main wave A is Double Zigzag Correction . I tried to show you the end of the main wave A zone . Probably the end of wave A will be at my ⏰ TRZ ⏰ ( Time Reversal Zone ).
The end of the main wave A 🎯 Zone 🎯 :
Target🎯 : 142$_137.8$
Target🎯 : 117$_113$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
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Trend broken, looking for next supportSOL-BTC is following our predicted path almost exactly (see linked idea). Trend Support broke and we're now looking for a support zone and seller exhaustion. Currently, I'm targeting the 200 EMA as support, however I'll be looking for some bullish divergences before I get excited about SOL again.
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These are my personal views and not financial advice. Please do your own research before investing.
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Caution! SOL looks weak here... SOL is currently in a Symmetric Triangle against BTC. This is a Neutral pattern so it doesn't give us any particular bias regarding SOL's direction, so let's look at some other factors.
Short-term optimism:
The 4-hour chart (not posted) gives me the impression we could move up in the short term, it might be worth a small high-risk position.
Long-term pessimism:
However, we recently just posted another Bearish Divergence (circles) on the daily chart and we're heading into the tip of the Triangle. I'm not touching SOL (vs BTC) until I see some more bullish signals.
Peace and happy trading!
SOL, the price is squeezed between support and resistance. SOL is in the global value area. At the moment, the price is squeezed between the trend line, which acts as resistance, and the middle of the global value area, which acts as support.
A breakdown of the trend line would be a good signal, after which the price is likely to head towards the levels of $190 and $217. In case the price breaks the trend line and closes below the middle of the global value area, the SOL is likely to continue its fall.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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.
SOLBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see we have drawn two support lines. The price is fluctuating on the first support line at the moment. If the price is not supported here, it will move toward the second support line which would be a good place to buy. You can see that the price has hit this support line two times and was supported. But if it goes below this support line too and stabilizes there, we expect it to fall down to 0.0030733 step by step. We have a resistance line which the price has hit two times and could not stabilize above it. If it is able to do so this time, we can go into trade after a pullback for higher prices.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Solana Breakout PatternBINANCE:SOLUSDT BINANCE:SOLBTC
On the left hand side we have Solana Bitcoin chart which formed ascending right angled triangle. Horizontal top of the triangle also formed nice resistance zone and SOL BTC price touched the resistance 4-5 times during the last 4 months. Hypotenuse of triangle is also forming nice support line with higher lows for SOLBTC price. This overall setup tells us that Solana is strong against BTC and this trend will follow until further breakouts (either upward or downward).
I am expecting SOLBTC price to touch the resistance line again during the next month with a price target of 0.0043 SOLBTC.
On the right hand side we have Solana USDT price chart which is trading on ascending channel starting from august 2021 and made several higher highs and higher lows during that time. On a shorter time period we see descending (red) channel which started formulating from early November. We have seen one price breakout from this red descending channel which touched our upper line around $240. The price also broke the channel on 24 December and I am expecting that the price will touch the upper line again around $260 during the next month. If the price breaks above this line then we can see new ATH prices.
Overall I am bullish on Solana and will post an update if I see any reversal signs.
Good luck and trade smart! (not a financial advice)
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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
SOLThere is no certainty in the market, this is just a downside plan that may not happen ...
We have lost an important static support (purple box)
The floor of the low-slope descending canal is broken downwards
And is retesting...
The green box is very important at the price of $ 130 and has a supporting role
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