Salute to the Leo Finance community. Today i'm going to share my technical analysis in the Road to 2022 in crypto market. I will analize the next three pairs: BTC/USDT, ETH/USDT and SOL/USDT.
The Bitcoin price has rebounded after the downfall back in July, and the bulls keep trying to push the price above the 50k. My technical analysis indicates that the price will keep growing the last months of 2021.
BTC/USDT Weekly Chart
If you are a trader, you can put a position safetely with a Stop Loss around 48-47k, and you will be looking to the 65k ATH and above to take your profit. Obviously, you need to be patient and be responsible with the risk/return management.
Now, if we look at the ETH/USDT pair, we can watch a bull run right now in the price. If we watch closely we can also put a long trade to ETH, looking to the 4.5k price.
ETH/USDT Weekly Chart
If we break this purple box, obviusly the profits are going to be more, but if the price rejects around 4.5k it can go down to 3k. If we are more pessimistic it can reach the 1.2k price.
In the ETH/USDT pair im bullish just as bitcoin road to 2022, i remember to the readers that this is a weekly chart, this trades are not scalping. So, you need to be patient. Patient is a great virtue and traders need to learn it.
Anyways, the last chart i'm going to show you is the SOL/BTC weekly chart, it's very interesting because the crypto media are watching SOLANA as the ETH "Killer". Well, the SOL/USDT pair in the last month of August has seen a huge bull run.
SOL/USDT Weekly Chart
As you can see in the chart, the SOLANA price has been growing aggresively since July. I put a long position in this chart with a tight Stop Loss, because we can be buying the top, and you need to prevent the losses if a retracement in the price happens.
If you are more conservative about putting a position in SOLANA at this price but you trust in the SOLANA Ecosystem, you can just buy the coin and keep it in HODL and just wait until the price reach the profits you want.
Finally, THIS IS NOT FINANCIAL ADVISE, i just want to share my analysis with the community and if you are traders, keep safe and don't operate if you don't know what are you doing.
Let me know your price projections foward 2022. I think the end of the year and the 2022 are going to be crucial to the crypto market at all. Right now i keep optimistic, the cryptocurrencies adoption around the world keeps growing and that's fundamental for the bull run we are watching right now.