Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started.
That Channel Up also formed a Triangle half-way through and when the...
Solana (SOLUSD) broke above its former Channel Up as we explained on our last bullish call (December 08 2023, see chart below) and hit last week our 144.000 Target:
Right now it is best to take a step back and view SOL's price action on the 1W time-frame, where the clear long-term trend is revealed, and that's bullish within a Channel Up pattern. The...
Solana (SOLUSD) made a bulls eye on our $65.00 July 27 target (see chart below) and is now attempting a critical break-out:
More specifically is it the second time it makes a marginal breach at the top (Higher Highs trend-line) of the 1-year Channel Up. The 1D MA50 (blue trend-line) has been in absolute Support during October - November's parabolic run....
Solana (SOLUSD) has made an important bullish break-out sequence this month as not only did it break above the ATH Lower Highs trend-line (essentially the Resistance of the Bear Cycle) on the week of July 03, but also broke above the 1W MA50 (blue trend-line) the following week for the first time since April 04 2022.
That was a Double Break-out sequence, which...
Solana (SOLUSD) has been on a tremendous +200% rally since the December 29 market bottom. The 1D RSI has turned extremely overbought, dwarfing the previous 80.000 of April 01 2022. That was a Lower High on the Channel Down pattern that has been in effect since the November 08 2021 market top, practically dictating the trend of this Bear Cycle.
The price now hit...
Solana (SOLUSD) has recovered a considerable amount of yesterday's losses. Rebounding after the 1D RSI broke below the 30.000 oversold barrier, this alone isn't enough to sustain a rally. During the previous 2 times the RSI rebounded above the 30.000 oversold level failed to sustain the uptrend as the price got rejected on the 0.382 Fibonacci retracement...
Solana (SOLUSD) has been trading within a Channel Up pattern since the June 13 Low. As long as its Higher Lows (bottom) trend-line holds, it is a buy opportunity targeting its Higher Highs (top) trend-line. Technically it resembles, in 1D RSI terms also, the last rebound towards the ATH Lower Highs trend-line, which stopped just below the 1D MA200 (orange...
Solana (SOLUSD) broke yesterday above the Lower Highs (top) trend-line of the Triangle pattern that it has been trading in for the past 1 month. The pull-back that followed has been quicly contained today above the 4H MA50 (blue trend-line), which has established itself as Support, with the 4H MA200 (orange trend-line) being right below on the 0.618 Fibonacci...
Time Frame: 4H
Symbol: SOLUSDT
Entry: 40.20
TP: 49.15
SL: 33.60
Bias: Long
We are bullish for this instrument. Current price pattern and the volatility structure show a possibility of going up.
Solana (SOLUSD) hit today the Lower Lows trend-line (bottom) of the Bearish Megaphone pattern that started after the November 08 2021 High (and All Time High). It is now closer to the 2.0 Fibonacci extension, which as shown on the chart play a major role in determining Lower Lows (rebounds) and Lower Highs (rejections).
With the 1D RSI on Lower Highs, traders can...
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For this particular analysis on SOLANA we are using the SOLUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where the 1D RSI broke into the heavy oversold zone, which last revisited back in late January 2022. The price then entered a long-term consolidation, trading sideways until the 1D MA50 (blue trend-line) broke but still...
Hello guys
Whats up ? congratulate to anyone for new ATH of Bitcoin
From our last analysis the 3rd target was reached and we are now ready for the 4th one , but before we are going toward the way for reach to 4th target we need pullback in our buy zone or near to it
Previous analysis :
Dont forget use stop loss and money management
Good Luck
Abtin
Pattern: Channel Down on 1D.
Signal: Buy if the 1D MA100 (green trend-line) breaks. If not and a Death Cross is formed instead, expect a Lower Low which will be the most optimal buy signal.
Target: 130.00 (the 1.618 Fibonacci extension).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
