"Solusd looks poised for a downturn in this final higher high (HH), with RSI showing bearish divergence and a rising wedge pattern forming. 📉 Placing a sell stop order at the recent higher low (HL), setting SL at the recent HH, and TP with a 1:1 risk-reward ratio. TP2 targets the rising wedge's end. 🎯 This strategy follows technical analysis and risk management...
Solana daily chart break out 👀 Price target near $162
Right now we have a breakout from the red downward sloping trendline.
Next up resistance zone and 50 day moving average
Will you Short at resistance?
If I see a red candle closing below the supply zone, I will be shorting till the demand zone
TP 137
SL will be above the highest wick above the supply zone, and then trail it down as we go
Solana formed a descending triangle pattern and has touched the support level.
If this support is strong enough to withstand bearish movements, then the target is at level 144.83 or at the resistance pattern.
However, you need to remember that this pattern is a bearish continuation pattern, which means that if this pattern breaks down, Solana will fall deeper.
I...
SOLUSD has recently formed a bearish reversal pattern known as a rising wedge. In alignment with this pattern, the RSI is synchronized with the price action, displaying no divergence, further confirming the potential bearish outlook. Consequently, it is advisable to consider placing a sell stop order below the recent higher low at 136.39, with a stop loss...
Solana ( CRYPTOCAP:SOL ) has become the top performer among the top 10 crypto tokens, with Popcat (POPCAT) hitting a new all-time high of $0.6100 and market capitalization upwards of $577.58 million. This surge is attributed to the growing popularity of projects launched on the CRYPTOCAP:SOL blockchain, which have consistently posted remarkable success. Meme...
As noted in my Tradingview status, I have decided to stop actively trading The Leap Tradingview contest in light of the massive fraud perpetrated by COINBASE:SOLUSD
This contest having limited position sizing, tight restrictions and a list of 6 mostly unsuitable tickers to trade has recently lost its appeal.
While I agree the contest can be maintained, due...
A good sign that the bottom could potentially be in. Of course there’s always the possibility of some sort of unexpected bald swan to dump the market much further, but even then that could be such a temporary occurrence that by the time the weekly candle closed it still closed the candle body above this neckline. At the bare minimum I get the vibe that at least...
FTX Estate’s 3rd Round of Sales Commences for Locked SOL Tokens
After concluding the second round of the auction for the locked SOL tokens, FTX estate kickstarted the third tranche on May 1.
It was reported that the 1.8 million CRYPTOCAP:SOL tokens sold in the second round saw the liquidators fetch approximately $232 million after a multi-week sale. While bids...
We bounced off the support zone as we had expected 👊
We should try to go back up to the resistance zone🎯
Did you buy at the support zone?
Boost if you agree with us!
SOL price is trading in no man's land and is not worth to trade until a trigger happens. My bias would be for a sweep of low $130 (likely touching $128 in a liquidation event) and restart the growth. First target 140 second target 150 if we get that.
