Cryptocurrency Pair Analysis: Evaluating SOL/USDT Across Multiple Timeframes (M5, M15, H1 and H4) on "{{08-Jan-2024}}"

in Steem4Bloggers11 months ago (edited)

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Cryptocurrency Pair Analysis by @danish578

I want to clarify that I am not assuming responsibility for anyone here, and this is not a signal. I am simply sharing my market perspective.

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Assalam Alaikum hope all will be well I am Danish Karim and I am going to share with you guys again SOLUSDT analysis in multi time frame.

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SOLUSDT

Multiple Timeframe Analysis

M5, M15, H1, H4

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M5

Let's talk about M5 time frame, SOLUSDT is in a selling trend in M5 time frame, market has already taken the Inducement level, the market's low has been confirmed, now what is it, what we will sell. They will do it with their Etreme POI and our target will be our main low of M5 which we will target and we need confirmation in this.

TradingView_Screenshot_1704785685105.jpg

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M15

Now let's talk about SOLUSDT's M15 time frame, Sol USDT is in over all sell trend in M15 time frame and we will wait for any inducement level to be sweeped and single candle. After receiving the order block, I have marked Etreme POI on it, go to the market Etreme POI and give us the confirmation of the sell there, we will sell from there and our target M15 main low will be the same. But we will either book a partial profit somewhere in the middle or set our stop loss at the entry point which we call break even.

TradingView_Screenshot_1704785643692.jpg

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H1

Now let's talk about SOLUSDT which is the crypto pair in H1 time frame in H1 time frame Sol USDT is in over all bullish trend and as I have mentioned in previous analysis also in previous blog. I also mentioned that we CAN buy from our Unmitigated wig when the market has swept out liquidity after that we will execute our buy entry with these mitigated wigs and our main high Tp. If you will target, the same is happening in the same situation market, the market has risen from the unmitigated wig and the target of the market will remain the main high and we will go to that and book our TP, but we will book some partials below. Or we can shift our stop loss entry point now

TradingView_Screenshot_1704785501166.jpg

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H4

Now let's talk about H4 time frame. In H4 time frame, the market is over all bullish, but the extreme POI of the market is quite low, so we wait by swiping what is above our previous high. If we find a single candle order block, then above is a zone mark that is already made from a single candle order block. We will then execute our sell entry from there and place our TP which is Extreme POIof H4. we will buy after confirmation from Extreme and keep our TP our main high which is still made.

TradingView_Screenshot_1704785390415.jpg

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Thank you for visiting my post

Analyzed by@danish578
SourceTrading view
PairsSOL/USDT
CommunitySteem4Bloggers
Beneficiaries25% @null
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Interesante análisis que nos compartes amigo. Muchas gracias por compartirlo en la comunidad. Estoy seguro que a muchos nos servirá para tomar la decisión de invertir y hacer trading.

Éxitos y bendiciones.

 11 months ago 

Thank you very, very much for your appreciation. Thanks a lot.

 11 months ago 

And again thanks for supporting with resteen my post

 11 months ago 

hey brother your insightful analysis on SOLUSDT across multiple timeframes @danish578 Your clear explanations and charts help in understanding your market perspective. It's valuable information for those navigating the cryptocurrency market. Keep up the good work..... 💡📈

 11 months ago 

Thanks Alot Dear for your valuable comment Thanks alot