Bullish pattern
As long as sol is holding above local support 21600sat-18600sat
We can see nice move to 27000-31000 level next resistance
**Buy the break
2 supports are clear now for sol/btc
Current one which is weak 0.00020-0.00018
Strong one around 0.00014800-0.00012800
I suggest to wait for the strong one
And buy if you see bullish rejection around this area
Sell target will be in trendline resistance
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💎Technical Analysis Summary💎
BINANCE: SOLBTC
-SOL is painting a Bearish reversal pattern on the 12H time-frame
-The confirmation is once the neckline is invalidated
-The price action is giving us a warning signal
-So please reduce risk by lowering position size or moving your stop loss
-If the pattern confirms and breaks lower
-The downside target is around...
Time Frame: Daily, 4Hour, and Hourly
Hi guys,
Welcome back! Day 80 of the 100 Days of TA is here! Today's spotlight is on SOLANA (SOLBTC). I talked about the next direction of SOL and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should add or...
Hi All,
Looking at DXY (US dollar index) along with BTC and SP500, we can expect for the short term a rally as we see now running through some of the ALTs.
Here we have SOL against the US dollar, on the FTX exchange.
As one can see, its done a powerfully rally which shows people are still keen on Defi.
OBSERVATIONS:
=================================
> The 12...
Sell2 and sell 1 signal say we must not buy. Here is my analysis:
1. We can buy when risk/reward ratio greater than 2 = 200 satoshi
2.We can buy at support = 135 satioshi
3. We can buy when resistance turns to support (1D open & close above resistance) =380 satoshi only if we get a BUY1/BUY2 signal.
Please use EngineeringRobo buy signals for buy decision and...
BINANCE: SOLBTC
-This coin bounces at previous key support area around 24k sat
-If SOL can hold this important area of support for 2-3 days
-And Bitcoin started moving sideways (Not Dumping)
-There is a chance SOL may bounce back up to 32k sat or higher
-Trading Altcoin today is a very high risk
-Please exercise proper risk management and use stop-loss
$SOL
Pushing toward ATH BTC level (~36k sats)...
If manage to break above, it may trigger some traction 😏
Volume is not that good tho, so careful..
Waiting for some R/S flip as confirmation for an entry could be wiser..
#SOL
Solana is a good coin that I think it is under value.
After Coinbase Custody listed SOL. This is a great news and they have a chance to listed on Coinbase.com
Hi,
Another DeFi I had and have my eyes on since I sold them for this upcoming potential move, or maybe lower.
Either way, one must plan for scenarios so to feel comfortable in the trade.
Remember, with ever dump, or drop, it gives a great opportunity, like now. But don't rush it, look for key levels you want to see pass or supported and not those that go to...
