Sollong
Solana $SOL #SOL The most bullish coin in cryptoSolana, the beast is heavily overextended currently after an impressive run.
The measured move will be to come back down to $150 where it has continued to find support, before breaking out of structure to a new ATH.
This move back to $150 will need to coincide with a larger #BTC #Bitcoin correction which is anticipated.
Once we have broken out of structure $345, yes $345 is the target of the wedge bouncing off $150 & $175, both major support zones to create a large double or triple bottom.
Worth noting that $346 is just the 1st target for the monster that is Solana..
SOLUSD LONGLooking at the sharp uptrend that happened in August, it is seen that SOLANA saw it's highest high at 216.00. This shows the positivity of buyers towards this assets. Although, the asset has seen a slight downtrend in recent times, but the next price action will see a run through to a retest of the current resistance of 177.87.
The risk /reward ratio of this entry is 1.12. Tell me what you think about the Solana trend.
SOLANA (SOLUSDT) $ 500 is a possible target Solana made a huge bull rally in this bull run and currently it is in a accumulation zone. SOLANA hit golden pocket and it is going well. My 1st target is $ 350 & next $ 500 in this year.
Keep eyes on Solana.
Thank You !
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#
Macro analysis of Solana $SOL #SOLANASolana has many events happening for itself in the upcoming months. I will go through them in my own channel.
But in my Own, zooming out on the daily candle and with the help fibbo and parallel lines channel, we can expect to see Solana touching $250 very soon.
You can confirm this TA on SOLBTC chart as well.
SOL Long Target = $190Hello Traders!
Look at the H4 chart of Solana and you will notice that it is already trading at a strong support zone which is surely a buy level as well. Looking at the H1 chart you will observe that market is already getting long wicks ( rejections ) from the bottom at this support zone.
So there are bright chances that SOL may continue upward momentum right from here or if there is any further pullback than the nearest buy level is around $163.
Good Luck.
Happy trading!
SOL Bullish 📈Solana has the potential to extend its run.
We are currently looking to form a double bottom to create the much need support and to create some buying momentum leading up to the break.
Once we break we should see a pull back to bring in more buyers.
Then slowly FOMO will build as we approach its ATH and of course it should blow past it.