SOLUSDT - As GOOD as it Gets BUY ZONE

Hi Traders, Investors and Speculators of Charts📈📉

Solana / SOLUSDT has some GREAT upside potential from this point, and SOL is no stranger to parabolic upside movements. We know this because:

✅ SOLUSDT Macro Cycle analysis shows Accumulation Phase
✅ SOLUSDT established a clear bottom with CryptoCheck START v3.5 RSI showing oversold
✅ SOLUSDT is currently trading rangebound AFTER bearish cycle has completed
✅ According to market cycle / phase analysis, the next step to follow is the bullish cycle
✅ Clear support zone & resistance zone -ranges can be identified by using Technical Indicators


Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase. It may take some patience on the trader's side, but this is an ideal buy zone for the accumulation phase.


_______________________

📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍


We thank you for your support !
CryptoCheck


SOL SOLUSDT SOLUSD SOLUSD SOLUSDT.P SOLBTC BINANCEUS:SOLUSD SOL.D SOLUSD SOLUSDT.P

Comment:

Allthough it's true that fundamental analysis is important (and there is a lot of scrutiny in the crypto environment with regards to regulations atm), the conclusion shouldn't be disregarding of technical analysis. We're very clearly in accumulation phase here, and although the price can still head lower, the next phase is clearly the bullish cycle.

Comment:

Looks like SOLBTC found a bottom; for the short term possible range trading followed by longer term breakout:

Comment:

Solana is up 15% in the past 24h, we'll be looking to take profits here as the technical indicators turn bearish on lower timeframes:

Trade closed: target reached:

Our profits on SOLUSDT : 27%