SOLANA - Bottomed Out?! 👀
Solana has hit the -27 fib extension for wave A. This could potentially be the bottom but with the crypto market as it is, it's better to wait for confirmation.
Price looks to be in a descending correction, which is often a bullish reversal pattern.
Confirmation required:
- A big bullish candle breaking the red trendline
- Followed by a bullish correction (bull flag)
Once that is in place, we can look for buying opportunities and have clear stoploss levels.
Trade Idea:
- Once above confirmation appears, enter with stops below the correction
- Targets: 140, 200, 250, HODL
It's important to understand that if this is the next bullrun, it doesn't matter if you enter at $30 or $40. Long term bullish targets will be well above $100 so there will be plenty of money to make even after waiting for confirmation.
Goodluck and as always, trade safe!
Price looks to be in a descending correction, which is often a bullish reversal pattern.
Confirmation required:
- A big bullish candle breaking the red trendline
- Followed by a bullish correction (bull flag)
Once that is in place, we can look for buying opportunities and have clear stoploss levels.
Trade Idea:
- Once above confirmation appears, enter with stops below the correction
- Targets: 140, 200, 250, HODL
It's important to understand that if this is the next bullrun, it doesn't matter if you enter at $30 or $40. Long term bullish targets will be well above $100 so there will be plenty of money to make even after waiting for confirmation.
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.