This is how I see Solana USDT
1. It kind of respect the Fibb, 0.618/0.786 as support and and set our target at $290 area (-0.272 Fibb)
2. We are in an uptrend channel, but we can also put in mind that this could be a potential Head and Shoulder pattern.
3. What I would want to see is a showup of bullish candle in Weekly timeframe and a confirmation before entering.
4. If you're an investor, I suggest layering it up atleast 25% in every big support and once a bullish and confirmation candle show up that's the only time you can add more. (But always follow your plans, that's just my suggestion that you can consider)
SOLUSDT
Blue Arrow = Bull taking control
Red Arrow = Bear taking control
Green Rectangle = Support
Red Rectangle = Resistance
Hope you like my easy and understandable analysis.
Follow for more of this in future.
Thanks for viewing!
-
SOLUSDT
1. It kind of respect the Fibb, 0.618/0.786 as support and and set our target at $290 area (-0.272 Fibb)
2. We are in an uptrend channel, but we can also put in mind that this could be a potential Head and Shoulder pattern.
3. What I would want to see is a showup of bullish candle in Weekly timeframe and a confirmation before entering.
4. If you're an investor, I suggest layering it up atleast 25% in every big support and once a bullish and confirmation candle show up that's the only time you can add more. (But always follow your plans, that's just my suggestion that you can consider)
SOLUSDT
Blue Arrow = Bull taking control
Red Arrow = Bear taking control
Green Rectangle = Support
Red Rectangle = Resistance
Hope you like my easy and understandable analysis.
Follow for more of this in future.
Thanks for viewing!
-
SOLUSDT