SolanaShort
SOLANA / USD (SOLUSD) SHORT POSITION
Solana is a crypto startup that was founded in 2018. The startup builds and develops crypto apps for decentralized apps and marketplaces.
As can be seen, Solana´s increasing trend has peaked and is gradually declining these days.
After a period of overbought cryptocurrency, we can expect continued falling prices, as indicated by RSI. Moreover, the prices extended an upper line of the Keltner channel that according to the historical data leads to a reduction in price. Also MACD line and signal line are getting closer to each other. Therefore, we can expect bearish confirmation in the upcoming days.
Conclusion:
All the indicators and tools analysed showing that the price of cryptocurrency is going to fall down. Therefore, we recommend trading in a short position.
For indicating the entry and target levels, the Fibonacci retracement tool was used as follows:
entry range: $65.9725-$67.175
target I: $58.595
target II: $51.31
stop loss: $68.8025
NO FINANCIAL ADVICE
As can be seen, Solana´s increasing trend has peaked and is gradually declining these days.
After a period of overbought cryptocurrency, we can expect continued falling prices, as indicated by RSI. Moreover, the prices extended an upper line of the Keltner channel that according to the historical data leads to a reduction in price. Also MACD line and signal line are getting closer to each other. Therefore, we can expect bearish confirmation in the upcoming days.
Conclusion:
All the indicators and tools analysed showing that the price of cryptocurrency is going to fall down. Therefore, we recommend trading in a short position.
For indicating the entry and target levels, the Fibonacci retracement tool was used as follows:
entry range: $65.9725-$67.175
target I: $58.595
target II: $51.31
stop loss: $68.8025
NO FINANCIAL ADVICE
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.