📈Today, I want to analyze the Solana(SOL) project for you. Is it possible to create a New All-Time High(ATH) or not❗️❓
🤝Please be with me.
❌Solana(SOL) was unsuccessful in the first Attack on the 🔴Resistance zone($259.9-$196.40)🔴 to create a new All-Time High(ATH).
🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave 3 at the Resistance zone and is currently completing the main wave 4.
💡Before the result, let's look at the SOLBTC chart.
💡SOLBTC is moving near the Resistance line and Potential Reversal Zone(PRZ). I expect SOLBTC to fall at least to the Support line, and if SOLUSDT is also bearish, the downward momentum can increase.👇
🔔I expect the main wave 4 to finish at the 🟡Potential Reversal Zone(PRZ)🟡 or 🟢Support zone($82.00-$56.10)🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🤝Please be with me.
❌Solana(SOL) was unsuccessful in the first Attack on the 🔴Resistance zone($259.9-$196.40)🔴 to create a new All-Time High(ATH).
🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave 3 at the Resistance zone and is currently completing the main wave 4.
💡Before the result, let's look at the SOLBTC chart.
💡SOLBTC is moving near the Resistance line and Potential Reversal Zone(PRZ). I expect SOLBTC to fall at least to the Support line, and if SOLUSDT is also bearish, the downward momentum can increase.👇
🔔I expect the main wave 4 to finish at the 🟡Potential Reversal Zone(PRZ)🟡 or 🟢Support zone($82.00-$56.10)🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
The break of the Rising Wedge Pattern's lower line can be a sign of a further fall of Solana.
Note
If SOL goes above $157.3, it is more likely to rise.
But I still expect SOL to drop.
Trade closed: target reached
✅SOL was able to move as I expected ✅
I closed my position, and if I find another trigger, I will open a Short position.
Trade active
I opened another positionNote
I think the SOL is starting to fall again from one of the 🟡PRZs🟡. The first target is the 🟢support zone🟢.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.