Possible formation of an HCH at $SOL , it already shows the formation of a left shoulder and head, in the coming hours and throughout the week we will see if this pattern is fulfilled. If confirmation and breakout occur, we will see $SOL at $200usdt, it could even go to $180usdt, which would be a healthy pullback to the recent bullish impulse.

Also, keep in mind that it may be a trap and that is the most likely scenario, and seek confirmation of purchases; it is always good to buy when the asset decreases in a bullish trend.

It is worth remembering that regarding structure, $SOL is still bullish.

you will come back stronger 💪

Is this the beginning of sales or is it just a trap? $BTC $SOL What does the community say?

Raise your hand if you have a sale scheduled for when $BTC reaches 100k? 🙋🏻‍♂️🙋🏻‍♂️🙋🏻‍♂️... I'm talking about futures of course, holders are another story 😊

In my opinion, that line is wrong, it should start at the previous maximum and it would not be so steep, I think that if you draw it well you will see that it is being used as resistance.

Pay close attention to what is being shown $SOL in the 1H chart.

We see a possible formation of an H&S which would indicate a change in trend and we would enter a bearish phase, which I think is normal since, as you know, the price cannot rise forever.

If the H&S is confirmed, we would look for a technical target which coincides with the Fibonacci level of 61.8, bringing $SOL to approximately $180.

We observe that the neckline of the H&S is above a monthly support, so pay attention to how the price reacts at that point and the confirmations that arise.

The structure change on the 1h chart in $SOL is starting to be confirmed, for the moment it breaks the higher low and confirms a new lower high, pay attention to the area around 194 where it is bouncing.

Later I will do a complete analysis as in my previous posts.

Remember to follow me and like to stay informed about more analyses of $SOL .

Technical objective reached at $$SOL !!

You can see the analysis on my profile 👆

Now the Fibonacci expansion levels follow.

Do you think it will reach or not?

Hello everyone!!

I'm sharing an update of my analysis on $SOL . I wanted to tell you that my scheduled entries didn't happen since I was expecting a deeper pullback to the Fibonacci levels mentioned and that appear on the chart, but the idea remains the same, I think we'll see Solana rise a lot and confirm the technical objectives of HCH.

P.S.: Obviously I've already made a few dollars from that rise and I hope to make more.

You can see the previous analysis on my profile!!

Ready for this idea with my favorite pair $SOL ? hahahahaha

Inverted HCH, elections in the US cause some panic and setbacks so that's why I think the entry into the operation should happen a little lower than the level where it is, I sense that Trump will win but until it is official we will see sales, and then a lot of recovery.

I think the same thing will happen as in February of this year and we will go to high overbought levels.

In my previous analysis, I talk about the things that happen when the RSI reaches levels of 70 in $SOL , you can see it in my profile.

If you have any questions, I read you in the comments 😎

Remember to Like and Follow me for more analysis!!

For my analysis, I only consider the volume indicator and the RSI, with the RSI being the one I use the most because I find it excellent and very reliable when waiting for signals of price changes.

The current recovery of $SOL begins in mid-Oct 2023 with a continuous and sustained rise that led the indicator to be at overbought levels of more than 80, where by the end of Dec 2023 it creates a level around $122. From there, the indicator and the price take a small break, and by the end of Jan 2024, the new impulse begins that exceeds the $122 level and gives rise to a support level that the price has confirmed over time. In this last impulse, the indicator again reaches high overbought levels of more than 80 and brings the price to a maximum of $210.

Since then, the price has been moving sideways in a wide range without giving clear signals of taking any specific direction.

But what I want us to see in the chart is the level of 70 in the RSI. I want you to see how the price, upon reaching that level, has had drops of 34% the last two times it reached it, fulfilling the role of resistance. Additionally, the indicator also goes to the other extreme where it reaches oversold levels of 30.
Currently, it has reached that level for the third consecutive time, and that’s where I open the question: What will happen? Will we have another drop? Will it go again to the level of 30 which coincides with the support of $122?

What do you think?... I’m reading you!! 😉

I love it $SOL it is a very technical asset to analyze, at this moment after confirming a breakout of H&S and completing the technical target, we see that it falls again into a very important reaction zone, this zone was previously a sellers' zone but on October 20, 2024, it was overcome by buyers, from then on the price always reacts upwards whenever it returns and touches the zone as seen in the chart.
This reaction zone is between $158 and $163, currently the sharp drop stopped in that zone and seems to have reacted upwards but with a slight stagnation at $166 to $167, my advice is to watch that zone very closely and wait for good candle configurations on lower timeframes like 5m to enter a good position and obtain a good profit margin, you can set Limit or Stop orders at strategic points that the price leaves behind and always place a SL that does not exceed 3% of the account.
Opportunities like this are very good to enter positions with a very good profit ratio and a very good run.
In case the bearish momentum continues, you can clearly see the future support zones and a liquidity gap that the price has not yet filled on the daily chart.

I share the update of my previous idea about $SOL where the structure of an HCH was formed, which you can see on my profile. I proposed a Limit entry waiting for a pullback to the HCH neckline with a target approximately at $163.27, which was almost reached by that bearish impulse.
At this moment, the price has returned to the neckline area activating the short position; additionally, a good reaction is observed so it is possible that the movement will occur.
The only thing that concerns me is that the previous bullish movement before the order activation was quite strong. Likewise, if the operation develops well, I will protect the position in case of a reversal and continuation of the previous bullish impulse.

If you liked it, remember to Like and Follow me 🙋🏻‍♂️

Hello everyone 🙋🏻‍♂️, I am sharing my idea about SOL at this moment, there is a strong break of the neckline of the HCH, I feel that the price will go to seek liquidity at the bottom, which is a very important reaction zone that has been valid for a long time.
I expect a pullback to activate the entry with a Limit order and wait for the movement to happen... Always remember to maintain good risk management and not exceed 3% of the total account for each trade. Best regards and good trades to everyone 💰💵🫰🏻