Trader408

📈 SOL/USDT Long-Term Setup: Potential for 100%+ Upside or 16% Downside This chart presents a Fibonacci-based technical outlook on Solana (SOL/USDT) on the daily timeframe. 🔍 Key Highlights: Current price: $150.65 Major resistance zones: $177.12, $183.22, and $199.05 Fibonacci retracement levels (from $294.75 high): 0.618 at $171.32 0.5 at $200.08 0.382 at $222.42 Strong support at $137.97, $131.16, and $122.56 Downside risk to $126.99 (0.886 Fib) or even $105.40 (1 Fib) Bullish target: $301.64 (+105.25%) Bearish scenario: $126.99 or lower (-16.53%) 📊 The chart includes harmonic structures and descending/ascending channels suggesting consolidation, but the current structure could pivot into a bullish continuation if key resistances are broken. 🎯 Risk-to-Reward Ratio Favorable for Bulls: The setup offers a potential 105% upside against a 16% downside, making it attractive for medium- to long-term traders. ⚠️ As always, manage your risk appropriately and consider macroeconomic factors.

its a descending channel. Usually, a fractal is preceded by 3 driver but in this case, I have identified a channel that might indicate a reversal. Let me know what you thing of it. NFA.

Its likely to see price increase with btc performance so far. A blow off the top to complete the three driver target to A

This is a fib extension that is yet to complete at 1. / $18 Once $18 his, it will be the break out of the falling wedge. Price has attempted to break golden fib severally. I t might happen this time.

A livermmore cylinder pattern might breakout here. First take profit is at fib 1. You can also wait for the breakout to this point and reenter at 0.236. Not financial advice.

Head and shoulder pattern on DOT. This pattern is a variation of a double bottom. the right shoulder represents the retest of the double bottom. we could see a breakout to $7

A trend is likely to give an opportunity for a re-entry.

If this plays out, take profit along the way • This is a reversal pattern and you can use it for a short or long position as long as you can identify it on either an inverted or normal chart • The pattern is characterised by Higher low followed by a lower low and a deep dive that can be traded. * You can allow the deep dive to play out completely before taking the reversal position * Research more on the 3 driver pattern and the fib. levels.

In strong bull case, we can see a new swing high In case of a rejection at 29k, we should expect a lower price at 18800 and its up from there.

Fractal method on BTC Seeing a possible flush to the 22k area. this is because of the fractal pattern that has now broken down. Entry at 25800 or higher. Bulls expect a double bottom bullish move but are in for a surprise . Refer to the linked post