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Solana (SOL) July 2023 Predictions (Paid Version With Best Trades)

Updated: Jul 2, 2023



  • Month’s Theme: A failed attempt to break through key resistance followed by a decline through key support.


  • Behavior Around the High: Bumping along resistance, breaking through, and then bumping along some more.


  • Behavior Around the Low: A significant trough that will stand out on at least a one-month chart.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a short position on the cusp of the 3rd/4th. You could hold that until the 9th or more speculatively hold it until the 28th.

    • An opportunity to open a short position on the 15th and close it on the 16th.

    • An opportunity for a day trade on the 16th.

    • An opportunity to position oneself in both directions on the 19th. You could close the short position on the 20th and the long position on the 21st.

    • An opportunity to open a long position within a trough on the 28th. I would close that after a move to the upside on the 29th or 30th.



Overview


On the 1st, there’s a sharp drop on a one-month scale within a period of volatility. On the 2nd, we’ll attempt to establish support on a multi-day chart. There’s also an important resistance level. On the 3rd, there’s a decline at the beginning of the day with a lot of price change followed by a move to the upside moving into the 4th. On the 4th, there’s a period of volatility that ends with a fast, sudden move higher. That takes us into the 5th where we meet key resistance at a highest high. We’ll then break down with consecutively lower spikes up on the way down. On the 6th, we’ll have the big move to the top of a range out of a decline. On the 7th, we’ll break through resistance, stay above it briefly, and then break back down through the same price level shortly thereafter.


On the 8th, there’s a fast, sudden move higher but I’m advised not to chase that rally. On the 9th, there’s a decline down to and through support to meet a second support level, and then we’ll rotate sideways along support into the 10th. On the 10th, we’ll have erratic behavior back and forth through the same price level. There’s also a prominent trough on the 10th. On the 11th, I’m advised to be cautious due to multiple false bottoms and a decline. On the 12th, we’ll have three crisscrosses back and forth through the same price level with a move to the upside after the third cross. On the 13th, there’s a trough after declining from oversold territory. We’ll then have a big move to the upside out of that. On the 14th, there’s a rally along a diagonal trend line that ends with a fast, sudden move higher followed by a breakdown through that diagonal trend line with increasing volatility on the way down. There’s a rally in the afternoon.


On the 15th, we’ll reach an overbought crest that we sell off from through multiple support levels. On the 16th, there’s an unexpected move higher. On the 17th, there’s some sideways rotation that increases with volatility as we move forward in time. On the 18th, there’s a fakeout/shake out intended to encourage impulsive decisions. On the 19th, we’ll meet an important resistance level. There’s also a lot of price change off of that resistance level with a lot of movement to the upside. We’ll decline from that resistance pretty notably into what may be a lowest low on the 20th. Out of that low, there’s a big move higher that pushes the upper end of a range higher. That takes us into a brief peak that’s easily missed on the 21st followed by a decline through multiple support levels.


On the 22nd, there’s a rally that increases with momentum moving into the 23rd. On the 23rd, we’ll complete that rally and then have a sharp decline on the 24th. On the 25th, there’s a notable reversal that will stand out on a multi-day chart. On the 26th, an important range is highlighted. We’ll move to the upside to the day’s high toward the middle of the day. We’ll decline pretty notably off of that high into the 27th into a prominent trough. We may have a lowest low for the month on the 27th/28th. On the 28th, there’s a sideways-fluctuating decline. On the 29th, we’ll have a trough early in the day and an important technical price/resistance level highlighted. On the 30th, the same resistance level is highlighted. On the 31st, there’s an important trade opportunity and a lot of price change in either direction.



Sneak Preview


In August, we’ll meet a highlighted resistance level and have a sharp decline off of that resistance level.







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