I believe Solana is in a good position and is suitable for Buy . I'm planning to make one Buy at this level and another around the $170 Zone . Please do your own research as well. This is not a buy or sell recommendation ?
https://www.tradingview.com/x/bHF6UuC9/ Current Sentiment: Bearish #### 1-Hour Timeframe Analysis: Resistance Level: The price is currently facing strong resistance at the $200 mark, which has proven to be a significant barrier to upward movement. - Support Levels: Key support levels to watch are at $184 and $180. A breakdown below these points could trigger further sell-offs. Chart Pattern: A head-and-shoulders pattern has formed, indicating a potential reversal in price direction. This bearish pattern suggests that if the price breaks below the neckline, we could see a decline toward the support zone from around $155 to $160. #### 1-Day Timeframe Analysis: Longer-Term Outlook: The daily chart indicates that if the bearish momentum persists, the price may potentially retrace to the $135 to $140 range. Given its historical significance as a support zone, this level could serve as a strong buying opportunity. Volume Analysis: Monitoring volume can provide insights into the strength of the current bearish trend. Increasing volume on a downward move would confirm bearish sentiment, while lower volumes could indicate a weakening trend. #### Conclusion: The current price action in Solana suggests a bearish outlook, especially with the formation of the head and shoulders pattern on the hourly chart. If the price breaks through key support levels, notably $184 and $180, it could lead to a test of the $155 to $160 area, potentially a longer-term plunge to $135 to $140. Strategy: - Consider short positions below $184 with protective stops above $200. - Look for buy opportunities if the price reaches $135 to $160, ensuring risk management practices are in place. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always research and consult with a financial advisor before making trading decisions. Happy trading, everyone! If you find this analysis helpful, please follow, share, and like for more updates. Stay tuned!
This is my idea about vanry in my opinion it will do it soon best entry right now from this prices As you can see its near the support line on daily fram
The mark zone is a weekly and daily resistant it is likely to hold and reverse the price for the bull it takes for a long time
Hello friends Good day It is highly likely that in the next few days we will see a rise in the price of Bitcoin to $120,000-125,000 If it reaches the aforementioned prices, we will most likely see the beginning of a correction and a sharp drop to $73,000. Good luck and be happy.
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There are a cleat " M " pattern create in Daily graph. On Monday Morning it may cross 2600 level..there are also a Holiday on 1st January.. So volume may volatile. I think on NFP day it may touch 2550