Solana SOL to $500 soon! very basic but large cup and handle for Solana. chart shows a nice symmetrical trialgle or bull flag, either way, up is most likely, if Sol closes here or higher by weeks end. thn clone measured moves show the range to expect, first the triangle breakout, could go up an bach down one moe time, then blast off to cup and handle to measured move of $512 lets come back in a month and see what plays out, if trading dont buy first breakout, wait for conf, retest, not financial advice
Sollongterm
SOL/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the SOL chart in pair to USDT, on a one-day interval. Let's start by marking with a yellow line, an uptrend from which the price went down and entered a downward triangle marked with blue lines.
Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $19.91, the second support is at $17.66, the third support is at $15.21, and then we can see a drop to $12.12.
Looking the other way, we see that the price will first have to break through the strong resistance zone from $23.41 to $27.01. However, if it manages to break out of this zone upwards, the next resistance will appear at the price of $ 32.20, and then at the price of 38.80.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are in an uptrend, while the RSI shows an increase to the upper part of the range with minimal rebound.
SOLUSDT EXPECTED PRICE ACTION SHORT OR LONG POSITION I can see on 4H time frame sol is performing symmetrical triangle and currently trading at 25 if it breakout from symmetrical triangle towards upside then we can go for long and our TP should be Tp1: 29
Tp2: 32, in opposite directions if it's breakout in short direction then we expected an huge dump then we go for short position probably it will go down to 12$ so keep an eye on it and trade accordingly.
Follow and support for more ideas.