#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Solana Just Gained New ATH 219.05 $.
#2 Solana Is now moving in an ascending parallel channel.
#3 Three Important Supports are:-
Support 1 = Around 152 $
Support 2 = Around 180 $
Support 3( Or may be resistance in future) = Around 187 $
ATH ( High Resistance Zone) = 219.05 $
## Technical analysis:
. SOLUSDT is in an Ascending Parallel Channel .
. The price is above the 50 Ema and It is also Acting as a strong Support.
1. Retesting on Point A is very Important At Support 3.
2. Support 3 Is already Strong ( Also it was Surpassed with a large volume).
3. All Time High is a high resistance zone so we may see a pullback from 219.05$ And then we have to see How Chart Goes on.
4. High Chances are it ATH is broken with large volume then it will retest At Point C. And If Retesting Is successful, We can go for long.
5. The vertical width between first touch on upper trend line and first touch of lower trend line is around 66.53 $ ( Almost 35%) That means
We can take Minimum 35% profit if rally starts at Point C.
Take Profits:
TP1= @ Around 240 $
TP2= @ Around 260 $
TP3= @ Around 300 $ ( Around 35%, Main Target)
*Buy Zone 220-230 $, Stop Loss AT 205 $.
If You Loved This Analysis ❤️ Hit the LIKE button
Drop some feedback below in the comment !
Trade well. ❤️
#1 Solana Just Gained New ATH 219.05 $.
#2 Solana Is now moving in an ascending parallel channel.
#3 Three Important Supports are:-
Support 1 = Around 152 $
Support 2 = Around 180 $
Support 3( Or may be resistance in future) = Around 187 $
ATH ( High Resistance Zone) = 219.05 $
## Technical analysis:
. SOLUSDT is in an Ascending Parallel Channel .
. The price is above the 50 Ema and It is also Acting as a strong Support.
1. Retesting on Point A is very Important At Support 3.
2. Support 3 Is already Strong ( Also it was Surpassed with a large volume).
3. All Time High is a high resistance zone so we may see a pullback from 219.05$ And then we have to see How Chart Goes on.
4. High Chances are it ATH is broken with large volume then it will retest At Point C. And If Retesting Is successful, We can go for long.
5. The vertical width between first touch on upper trend line and first touch of lower trend line is around 66.53 $ ( Almost 35%) That means
We can take Minimum 35% profit if rally starts at Point C.
Take Profits:
TP1= @ Around 240 $
TP2= @ Around 260 $
TP3= @ Around 300 $ ( Around 35%, Main Target)
*Buy Zone 220-230 $, Stop Loss AT 205 $.
If You Loved This Analysis ❤️ Hit the LIKE button
Drop some feedback below in the comment !
Trade well. ❤️
