Solana (SOL) - April 17Hello?
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We have to see if we can get support and ascend at point 25.18943417.
If you move down from the 25.18943417 point, you can touch the 22.52378481 point, so you need a short Stop Loss.
The next volatility period is around April 21st.
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(SOLBTC 1D chart)
We have to see if we can get support and ascend at the 40702 Satoshi point.
If you fall from the 40702 Satoshi point, you can touch the 31937 Satoshi point, so you need a short Stop Loss.
Accordingly, it is necessary to think about how to continue trading in the 31937 Satoshi-40702 Satoshi section.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Solbtc
Solana entry opportunitySolana is one the strongest projects at the moment from a TA point of view. It holds up well against its BTC pair and makes it interesting to trade.
- Bullish divergence on RSI
- Hammer candlestick
- Touching .382 FIB (strong level for a bounce in a bull run)
- Confluence with the green support zone
Easy 20% run towards the ATH.
Solana (SOL) - April 7Hello?
Dear traders, nice to meet you.
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We have to see if we can get support at the 25.18943417 point.
If it falls, we need to make sure we get support at 21.19096021-22.52378481.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls in the 17.19248626-18.77757520 section, a short stop loss is required.
The next volatility period is around April 13th.
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(SOLBTC 1D chart)
We have to see if we can get support at 0.00040702 and climb above 0.00049468.
If you fall between 0.00029015-0.00031937, you need a short stop loss.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Solana (SOL) - March 29Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a nice day.
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We have to see if we can get support by ascending to the 18.37834178-19.23732932 range.
If it falls, you need to make sure you get support at 16.66036662.
If it falls in the 14.08340393-14.94239146 range, a short stop loss is required.
However, it may rise along the uptrend line, so careful trading is necessary.
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(SOLBTC 1D chart)
We need to see if we can get support at 0.00031937 and break above the downtrend line.
If it falls, you need to make sure you get support in the 0.00029015-0.00031937 range.
If it falls between 0.00023171-0.00024981, Stop Loss is required to preserve profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
SOL DAILY CHARTWe see in SOL a clear continuation pattern with a bullish pennant. We expect the price to leave a daily candlestick with a close near the high and with enough body. In 4H TF we can expect the price to break the top of the triangle and a support in this part, where we would execute our order. Our target is 40% with a risk of 20% of our position approximately.
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Vemos en SOL un claro patrón de continuación con banderín alcista. Esperamos que el precio nos deje una vela diaria con un cierre cerca del máximo y con bastante cuerpo. En 4H TF podemos esperar que el precio rompa la parte alta del triángulo y un apoyo en esta parte, donde ejecutaríamos nuestra orden. Nuestro target es de un 40 % con un riesgo del 20% de nuestra posición aproximadamente.
💡Don't miss the great buy opportunity in SOLBTC @SolanaTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00021).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.00033
TP2= @ 0.00037
TP3= @ 0.00042
TP4= @ 0.00050
TP5= @ 0.00060
TP6= @ 0.00070
SL= Break below S2
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💡Don't miss the great buy opportunity in SOLBTC @SolanaTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00021).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.00033
TP2= @ 0.00037
TP3= @ 0.00042
TP4= @ 0.00050
TP5= @ 0.00060
TP6= @ 0.00070
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
SOL/BTC Bullish cross There is a bullish cross in 20 days moving average and 50 days moving average. In addition to its fundamental strength, its technical chart and overall market condition are available for Solana to start its big move.
Current price =0.000106
Fib 1.0 =0.000423
Fib 1.618 =0.000656
Fib 2.618 = 0.001030
Tips for new traders :
-Always take profit on the way up , price will definitely not increase forever.
-Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology.
-Make plans for every possibilities, it is not 100% accurate that what we think will happen.
-Don’t try to catch up the exact deep or exact peak.
-Don’t buy everything you found in the market.
-Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe).
-Remember, market cycle works with human psychology and everybody’s psychologies are similar.
Longing SOL from ATL's following last big distributionThe Solana blockchain is extremely fast, cheap and is backed by Alameda Research. There are currently 102 projects building on their blockchain.
Today there was a (well-known), large distribution of tokens that effectively 5x'd the circulating supply. Many of these however, will be locked or otherwise held by the team and against what many expected, this event was met by a flurry of buying. We know there are at least 4 funds lining up to buy size on the OTC markets. Both the USDT and BTC pairs made new local highs in buy volume today.
It looks as though there is a large bet being made that the SOL token will outperform Bitcoin in the coming weeks and months.
We're inclined to side with the smart money here and take our chances against the All-time lows.
Bullish market structure confirmed last week and price has now dipped into the RLZ where it met a great deal of buying interest.
We're taking up a position at this level, with more bids at lows. If price can regain the key S/R level resting above, there is a lot of room to go even within the realm of a counter trend rally.
Selling half our position at double our entry price would give us a risk-free position to ride out the cycle with.
Solana perfect setup for buying Solana is forming a symmetric triangle. SOL is respecting the triangle lines and trading inside the triangle. We will see a good bounce in SOL and a retest of the upper line of the triangle. If SOL breaks the triangle upside, we see a massive rally.
Buy zone: 5700-5900 (buy more in dips)
Target: 6500-7100-7700-8500-9300-9900-10700-11900-13500-15600