🟢 Price Action of Solana is on weekly timeframe resistance watch for breakout, let it retest. 🟢 Bitcoin had rallied from 24k to 30k, altcoins still are under-rated or in neutral phase. 🟢30$ is psychological resistance later will be selling liquidity is above till Sol at 80$ watch carefull and trade accordingly with money & risk management. 🟢Key points :- 1. There is possibility of 2 setups bullish setups i. Watch for breakout of 30$ with sl of support which will be of 27$. ii. Another trendline breakout after major fall which is creating from 40$ and 30$.
2. 1 perfect setup for bearish price action. i. Wait for rejection candle which can also lead price to again 15$. ii. Also price is heading to weekly resistance level. 🔴 Trade accordingly cause volatility is coming.
🔸Trend side is bullish but be caution trend is always travel in waves as no pull back sill from 20 k break on monthly timeframe.
🔸 Btc is showing massive rallies as etfs approval and many more million are flowing in but as per chart we need some pull backs some profits should have to be book.
🔸 Straight rally is going but now on daily timeframe and 12hr timeframe we need a pullback to ride trend.
🔸 But a significant move we are in fibo retracement 0.5 - 0.618 from last trend of sellers...stay caution. Happy Trading .
As we know far in last bull rally AXS had soared from 5$ to 166$. Where the crypto wordl was heading to web3 gaming as well nft. Far after rally it had dumped to again 5$. Still we hope to accumulate small amount of AXS with heading targets of 30$,45$ and 60$.
Daily Timeframe possible entries :-
1. Accumulate small amount of AXS maybe after some breakdowns 2. After previous swing breakout which is 8$.
Targets.
1. 10$... A psychological Resistance 2. 17$ Last swing 3. 30$
Weekly timeframe for Dogecoin, The coin is trading at previous support for more than 10 weeks seller are trying to pressure the price but 2 trendlines are coming nearby.
Later, Pump can be seen in Dogecoin as Btc is quite in bullish trend.
1. Entry key levels, i. CMP. ii.After breakout of trendlines.
Ether is facing bearish trend on daily Timeframe. As weekly trend support ether there are possible entries as below :-
1. 1521 major support as price can take bounce above ( previous support ). 2. 1550 Price psychological number. 3. 1600 previous bearish trend breakout. 4. 1640 previous price resistance.
With possible Targets :-
1.1745 Previous price resistance. 2. 1825 previous swing or previous support. 3. 1860 This is major bearish trendline
Stoploss will be below support or weekly bullish trendling.
This is purely Analysis for ether also read chat before taking trade, we are not an financial person , please trade as per risk management.
As per weekly timeframe bearish formation is formed but you can see a huge support zone below of psychological number 1400 and also following trendline from where price had bounced twice. Also be careful selling is from top of Trendline may some sellers can book their profit can cause to big momentum.
On daily Timeframe should wait for a trendline breakdown with weak selling can lead to massive up movement.
With proper Risk Management don't trade blindly cause in battle of heavy selling and heavy buying of institution lead to more doji candles. Don't sell in panic selling anytime hitting support lead to massive pumps.
Major entry points
1. Above previous selling zone : 1574. 2. After breakout of daily trendline : 1600. 3. Buying at 1480,1370 major supports.
Possible Targets
1. 1729 2. 1830
Major Selling zone is below 1300
Disclaimer :- This is for Educational purpose. We are not Financial Advisor. Trade with proper Risk Management as per your Money management.
As per weekly timeframe traders should prefer long position till above resistance which is 30500-31000. Indirectly the formation of head and shoulder pattern... Following last daily trendline has broken but price just moving from below the major support is 24980-25880 heading targets of above resistance should be projected.
Analysis for Daily Timeframe traders, they will be scalping for above resistance target with small stoploss below breakout support 27080 should be preferred only for long position following RR 1:2.
Disclaimer : This is not investment idea you can use this for educational purpose.