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Solbtc

Trend broken, looking for next supportSOL-BTC is following our predicted path almost exactly (see linked idea). Trend Support broke and we're now looking for a support zone and seller exhaustion. Currently, I'm targeting the 200 EMA as support, however I'll be looking for some bullish divergences before I get excited about SOL again. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
by mercury_rising
3
Caution! SOL looks weak here... SOL is currently in a Symmetric Triangle against BTC. This is a Neutral pattern so it doesn't give us any particular bias regarding SOL's direction, so let's look at some other factors. Short-term optimism: The 4-hour chart (not posted) gives me the impression we could move up in the short term, it might be worth a small high-risk position. Long-term pessimism: However, we recently just posted another Bearish Divergence (circles) on the daily chart and we're heading into the tip of the Triangle. I'm not touching SOL (vs BTC) until I see some more bullish signals. Peace and happy trading!
Short
by mercury_rising
SOL, the price is squeezed between support and resistance. SOL is in the global value area. At the moment, the price is squeezed between the trend line, which acts as resistance, and the middle of the global value area, which acts as support. A breakdown of the trend line would be a good signal, after which the price is likely to head towards the levels of $190 and $217. In case the price breaks the trend line and closes below the middle of the global value area, the SOL is likely to continue its fall. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
1
Solana down into the $120 mark?From what we can see Sol has been trending bearish within a channel. The higher marked zone as acted as a very strong support once, however if we come back to it for a second time, it may not be as strong and be more likely to break. The lower zone we have marked which lines up with that $120 region, also has the 200MA and 320 EMA, which if we look back, have always acted as strong supports with the trending price. That can be a strong demand area for buyers.
FTX:SOLUSDShort
by opes_trading_group
SOLBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. As you can see we have drawn two support lines. The price is fluctuating on the first support line at the moment. If the price is not supported here, it will move toward the second support line which would be a good place to buy. You can see that the price has hit this support line two times and was supported. But if it goes below this support line too and stabilizes there, we expect it to fall down to 0.0030733 step by step. We have a resistance line which the price has hit two times and could not stabilize above it. If it is able to do so this time, we can go into trade after a pullback for higher prices. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
Solana Breakout PatternBINANCE:SOLUSDT BINANCE:SOLBTC On the left hand side we have Solana Bitcoin chart which formed ascending right angled triangle. Horizontal top of the triangle also formed nice resistance zone and SOL BTC price touched the resistance 4-5 times during the last 4 months. Hypotenuse of triangle is also forming nice support line with higher lows for SOLBTC price. This overall setup tells us that Solana is strong against BTC and this trend will follow until further breakouts (either upward or downward). I am expecting SOLBTC price to touch the resistance line again during the next month with a price target of 0.0043 SOLBTC. On the right hand side we have Solana USDT price chart which is trading on ascending channel starting from august 2021 and made several higher highs and higher lows during that time. On a shorter time period we see descending (red) channel which started formulating from early November. We have seen one price breakout from this red descending channel which touched our upper line around $240. The price also broke the channel on 24 December and I am expecting that the price will touch the upper line again around $260 during the next month. If the price breaks above this line then we can see new ATH prices. Overall I am bullish on Solana and will post an update if I see any reversal signs. Good luck and trade smart! (not a financial advice) Please like and share if you like my idea.
FTX:SOLUSDLong
by faridisayev
2
SOLThere is no certainty in the market, this is just a downside plan that may not happen ... We have lost an important static support (purple box) The floor of the low-slope descending canal is broken downwards And is retesting... The green box is very important at the price of $ 130 and has a supporting role . . If you have any questions, you can write it in comments below, and I will answer them And please don't forget to support this idea with your like and follow, thank you...
Short
by MohammadWaezi
6