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Weekly forecast Solana technical chart
Symbol SOLUSD

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Trade Setup

#SOLUSDT
Total Profit: 115152 pip (449%)
Closed trade(s): 64685 pip Profit (252%)
Open trade(s): 50467 pip Profit (197%)

Trade Setup:
We opened 6 BUY trade(s) @ 25.678 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 28.380 touched at 2021.07.23 with 2702 pip Profit (11%).
TP2 @ 34.105 touched at 2021.07.31 with 8427 pip Profit (33%).
TP3 @ 38.615 touched at 2021.08.06 with 12937 pip Profit (50%).
TP4 @ 43.385 touched at 2021.08.11 with 17707 pip Profit (69%).
TP5 @ 48.590 touched at 2021.08.15 with 22912 pip Profit (89%).
2702 (11%) + 8427 (33%) + 12937 (50%) + 17707 (69%) + 22912 (89%) = 64685 pip (252%)

Open Profit:
Profit for one trade is 76.145(current price) - 25.678(open price) = 50467 pip (197%)
1 trade(s) still open, therefore total profit for open trade(s) is 50467 (197%) x 1 = 50467 pip (197%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 58.31 is broken, we will close open trades.

DateAugust 21, 2021 - 12:01
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 58.31 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 58.31 is broken.

Technical analysis:

  • A trough is formed in daily chart at 22.100 on 07/20/2021, so more gains to more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 85.

Take Profits:

  1. 28.380
  2. 34.105
  3. 38.615
  4. 43.385
  5. 48.590
Click on the level to view price action history.

Symbol Released Current Forecast
Solana (SOLUSD) new Tue, 16 Apr 2024
Solana (SOLUSD) free Sat, 6 Apr 2024
Solana (SOLUSD) free Fri, 22 Mar 2024
Solana (SOLUSD) Mon, 18 Mar 2024
Solana (SOLUSD) free Sun, 10 Mar 2024