$SOL Solana price analysis.......🚀🚀🚀 Solana $153 has been trading between $126 and $162 for several days, indicating indecision about the next directional move.
#SOL/USDT daily chart. The flattish 20-day EMA ($146) and the RSI just above the midpoint suggest that the range-bound action may continue for some more time. If the price maintains above the 20-day EMA, the SOL/USDT pair could rally to the overhead resistance at $162. Buyers may find it difficult to overcome this obstacle. However, if the bulls bulldoze their way above $162, the pair may accelerate toward $205. This level is likely to act as a formidable resistance. On the downside, a break below the 20-day EMA could sink the pair to $126.
candles are just reflections of the manipulation of whales. Candle reading is just the tip of the iceberg in understanding market trends and people trading behavior. if you want to add extra layer of protection to your hard earned money, dive deeper into the space, invest time in learning trading fundamentals, read more, join groups, and more. follow me for more content #Write2Earn $BTC $SOL $BNB
if we pierce 66000$ line for $BTC and set a higher support in the days to come. then we will be enjoying the best bullrun ever. almost all shorts will be liquidated a strong vertical movement will be observed. it will be payday boys! 🚀📊 as awlays, follow for more #Write2Earn
well i told you this halving will be different. you surrendered your holding easily now the whales are stronger than ever. you might not be able to hold a safe position as the coins surges higher, and volatility is cruel than ever. be more cautious with your trade this time #Write2Earn
how many times you got liquidated because you fomo (fear on missing out)?
you learned, now use it to be a better trader. stock usdt in a highly volatile market. wait for a good entry point. always remember when there is fear profit awaits. enter in fear, sell in greed. and as always, follow for more. #Write2Earn
a very tiny trick on knowing it’s getting to be bullish when futures price > spot price. it means people are on the bullish side of the market. if spot>futures it means it’s bearish. it’s just a tint trick for newbees. for new traders please click the favorites icon for both spot and futures of your favorite coin. this maybe a small thing but could help in understanding in market behavior and traders buying pattern. but this is not how you win trades, i you want to protect your money go study candles, win loss ratio, crypto issues, crypto articles, basic trading fundamentals and other learning materials. please follow for more. #write2earn
a very tiny trick on knowing it’s getting to be bullish when futures price > spot price. it means people are on the bullish side of the market. if spot>futures it means it’s bearish. it’s just a tint trick for newbees. for new traders please click the favorites icon for both spot and futures of your favorite coin. this maybe a small thing but could help in understanding in market behavior and traders buying pattern. but this is not how you win trades, i you want to protect your money go study candles, win loss ratio, crypto issues, crypto articles, basic trading fundamentals and other learning materials. please follow for more. #write2earn
scary, keep an eye on btc for any possible entry point soon
Crypt0nite
--
Bearish
$BTC is currently struggling staying above the golden level on Fibonacci chart which is the last support level (62.8k)
a day candlestick is about to end in 1 hour, if it closes below the support level its turning into a resistance level which means an inevitable dip 🧨
this could be the last chance for a sooner rebound, otherwise it would have to drop for a correction on level 0 (59k) and prob even further to 48-50k ⬇️
US Dollar Index has been maintaining its level letting lower Bollinger Band expand further making a support line before pushing further towards 106.8 which is a new lower high, this could gurantee the dip (assuming it wasn't already planned)
the market has been a mess, all manipulative. we cant predict the future we can only analyse and follow what we learned about trading and market makers, dont trust anyone who tells you this's the best time to invest, they're just using it on their own interest
every sign is bearish at the moment, unless BTC and altcoins show signs of reaching higher levels, always predict the worst case scenarios
as always, do your own research. every scenario is possible during halving week