Total Quality
Score
If You Had Traded on This Analysis…
Correct
SOLUSDT
Entry 170.5700 2025-08-07 14:25 UTC
Target 180.0000 In 2 Days
Fail 155.0000
Risk / Reward 1 : 1
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Final PnL
5.53%
P/L:
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SOLUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analyst presents a technical analysis of several cryptocurrencies, including Bitcoin, Ethereum, Chainlink, and Solana. On the weekly Bitcoin chart, a bearish divergence suggests limited bullish momentum over the next 1-2 months. However, momentum is neutral on the 3-day Bitcoin MACD. The daily Bitcoin price chart shows support at around $112,000, with potential resistance at approximately $117,000 and $120,000-$122,000. A reversal on the 8-hour timeframe signals a potential short-term bullish trend. A BTC long position has been taken, using the new bullish price structure for a short term trade. Potential price targets of the trade will be analyzed along the way to slightly reduce the size of the trade. For Ethereum the analysts suggest to be cautious with potential to reject from current prices of 3.9K, as it is retesting a major area of resistance with $3.3k is a support price to watch. As for chainlink, resistance is expected around $17.5 and $18 with long term support around $15. On Solana, The analyst estimates support around $167 and $170 to see further bullish action towards $180 price.
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