SOL | Technical analysis (3D timeframe)
Hello Traders,
There is no doubt that Solana is one of the most talked-about coins in the last two years.
Solana already made +200% from its lower bottom but we are still on the downtrend we may consider the last rise as a correction in a bigger bearish wave.
Solana is now testing the upper trendline which is a huge resistance.
if we are able to get a weekly close above 25$, this will be a very bullish signal and we may open long positions, our targets will be 37 and 45.
If Bulls fail to break this level(25$), that's the most likely will happen, we should see a retracement to 20$, 16$, and 12$.
Also, I don't see any blocker to make a new lower low in the mid-term, so please use a very strict risk and capital management strategy and don't gamble with your money.
There is no doubt that Solana is one of the most talked-about coins in the last two years.
Solana already made +200% from its lower bottom but we are still on the downtrend we may consider the last rise as a correction in a bigger bearish wave.
Solana is now testing the upper trendline which is a huge resistance.
if we are able to get a weekly close above 25$, this will be a very bullish signal and we may open long positions, our targets will be 37 and 45.
If Bulls fail to break this level(25$), that's the most likely will happen, we should see a retracement to 20$, 16$, and 12$.
Also, I don't see any blocker to make a new lower low in the mid-term, so please use a very strict risk and capital management strategy and don't gamble with your money.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.