Trade Setup: SOL Long PositionMarket Context:
SOL is currently trading in a key support zone between $141.50 and $150.00, which presents a favorable opportunity for a long spot trade. This area has shown strength in maintaining the price, making it an ideal entry point.
Trade Setup:
Entry: Enter a long spot trade in the $141.50 - $150.00 area of support.
Take Profit:
First target: $164.00 - $176.00
Second target: $189.00 - $200.00
Stop Loss: Place the stop loss just below $135.00.
📊 Monitor the market closely and adjust your strategy as needed! #SOL #CryptoTrading #SupportTrade 🎯
SOL
Sol-Usdt 4h chart Hello everyone, I would like to invite you to a quick review of SOL/USDT, taking into account the 4-hour interval. As you can see, the price moved up from the local downward trend line, but currently there is a downward movement, staying above the trend line.
Moving on, we will move on to determining support and here the price is currently bouncing off the support at $142, then we have strong support at $130, and then a very strong support at $110.
Looking the other way, you can see how the resistance at $162 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $176, and further towards the very strong resistance at $193.
The RSI indicator shows an ongoing trend of recovery after the increase, but there is room for a renewed upward movement.
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course.
Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6.
Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
12/08/24 Weekly outlookLast weeks high: $62,761.55
Last weeks low: 49,017.27
Midpoint: $55,889.41
Quite the week in crypto just gone. From our first sub $50,000 BTC since mid February thanks to the JPY rate hike , a single day decline of -16% on Monday to then a strong recovery of +28%, a lot of volatility.
The two peaks for the week coincide with the 4H 200EMA resistance level , which is a problem for the bulls as now that the final hours of Sunday trading dipped price below the 1D 200EMA , Bitcoin has a difficult week ahead to break back above those moving averages.
A big news event week coming up could continue the high volatility we've seen in recent weeks:
- US PPI 13th
- US & UK CPI 14th
- JPY & UK GDP 15th
For this week I will be looking closely at the news events that could cause volatility and perhaps give a sign of trend direction going into the September FED rate cut .
BTCUSDT & SOLUSDT, Sun 11 Aug!My expectation and prediction that I mentioned on Friday and Saturday,
With a delay of 48 hours, it was formed today.
Assuming that my price range is from the highest price this morning until now (the lowest price),
And assuming that the market is bearish,
- I expect that the price in this range will go up (a pullback).
- Enter the premium area in this domain and then start its downward movement again
- Today is Sunday and I don't want to trade, but I will watch the PM session.
- My plan is, if the price reaches the premium area (above 50% Fibo) and declines between 62% and 78% Fibo, I will take a short position.
- Now this may happen this afternoon or tomorrow or Tuesday.
Wish had Nice weekend & Happy Trade !
Note: I don`t trade BTC, I trade SOL only and Get confirmation from BTC Price Movement!
Its only my Idea and its not offering buy or sell!
ADD DARK MAGA $DMAGA on to your WatchlistInteresting structure
and action on this S coin on #solana
Elon very briefly changed his X pfp to the dark maga colours
if thats all you need for a fundamental reason ... thta's a pretty good one
But on a technical level we have a higher low
let's see if it can break through that key level and form. large inverse head and shoulders
Second big shortAnalyst AhmadArz📊
🕹 Price Action: The chart shows a recent drop followed by a retracement, indicating a potential continuation of the downtrend. The price currently sits below a significant resistance level around 184.93 USDT, which has previously acted as a barrier to further upward movement.
▶️Entry : 165.94 USDT
🔴Stop Loss (SL): 174.87 USDT
🎯 Target Points (TP): Four target points are marked on the chart:
- TP1: 158.45 USDT
- TP2: 150.62 USDT
- TP3: 140.21 USDT
- TP4: 130.04 USDT
These targets are aligned with the expectation that the price will continue to drop, offering potential profit-taking opportunities at each level.
🚨 Risk/Reward Zones: The red zone above the current price represents the potential loss area if the trade moves against the anticipated direction, signaling where a stop-loss might be placed. The grey zone indicates the profit area, showing the expected price levels where the trader might consider exiting the position to secure gains.
🔍Simple: Loss or Profit: This annotation underscores the straightforward nature of the trading signal—either the trade will hit the stop-loss and result in a loss, or it will reach one of the target points, leading to a profit.
The overall sentiment in the chart points to a cautious but calculated bearish strategy, aiming to capitalize on the expected downward movement in the SOL/USDT pair.
Thank for boost this idea.🙏✨
SOLUSDT Set to Break ATH, Watch for Big Up move.SOLUSDT is demonstrating strong bullish momentum as it advances towards its all-time high (ATH), having recently broken through key resistance levels. With the current trajectory suggesting a potential surge, traders can expect a significant upward movement that may surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to safeguard your investments against unexpected market fluctuations.
SOLUSDT (1D Chart) Technical analysis
SOLUSDT (1D Chart) Currently trading at $193
Buy level: Above $188
Stop loss: Below $165
TP1: $200
TP2: $215
TP3: $230
TP4: $260
Max Leverage 3x
Always keep Stop loss
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SOL - Reversal Trade#SOL/USDT #Analysis
Description
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+ The price has once again tested a crucial support level for the third time, a zone that has proven resilient in past corrections. This setup presents a potential trade opportunity as the price targets a strong resistance level aligned with the previous all-time high (ATH).
+ There is a favorable trading opportunity from the current support zone up to the resistance level.
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VectorAlgo Trade Details
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Entry Price: 143.79
Stop Loss: 106.86
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Target 1: 160.52
Target 2: 172.89
Target 3: 194.87
Target 4: 233.20
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Timeframe: 3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
SOL/USDT NEW INCREASE VOLUMESOL/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
SOL maintaining an upward trendHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(1M chart)
Due to this change, the HA-High indicator on the 1M chart is showing signs of moving to the 147.74 point.
Accordingly, we need to check if it can receive support and rise around 0.707 (135.56) ~ 0.786 (149.62).
-
(1W chart)
We need to check if it can continue the upward trend along the upward trend line.
If not,
1st: 0.5 (98.71) ~ 0.618 (119.71)
2nd: 0.236 (51.71) ~ 0.382 (77.70)
You need to check the support near the 1st and 2nd above.
-
(1D chart)
Unlike most other coins, it is one of the coins that is maintaining an upward trend.
Accordingly, if SOL is supported in this large downtrend, it is expected to create a new large upward wave.
-
A new buy zone is possible when support is confirmed near 134.96-147.74.
If it rises, the 168.41-179.89 zone will be the first sell zone.
Therefore, it is highly likely that a full-scale uptrend will begin when the price rises above 179.89 and holds.
The stop loss point is 112.24.
Since the stop loss point is far away, investment weight adjustment is necessary.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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SOL-USDT 1D chart Hello everyone, I invite you to a quick review of the SOL/USDT chart on the 1D time frame. As we can see, the price had a sudden downward impulse below the upward trend line, but quickly returned above it.
Going further, you can see how the price returned above the support at $140, then support at $126, and then strong support at $105.
Looking the other way, you can see resistance at $154, the next resistance is at $166 and then strong resistance at $182.
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual.
The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not.
71%
71%
62%
44%
These are all the corrections Chainlink had during its last cycle to its all-time high.
All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle.
If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy.
I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance.
Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top!
**Next date: 18th Nov 2024**
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual.
The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not.
71%
71%
62%
44%
These are all the corrections Chainlink had during its last cycle to its all-time high.
All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle.
If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy.
I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance.
Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top!
**Next date: 18th Nov 2024**
SOLUSDT.1DReviewing the SOL/USDT chart, my focus turns to several key technical aspects that shape the current analysis:
Technical Analysis
Resistance and Support Levels (R1, R2, S1, S2, S3):
The price of SOL has retracted from its recent peak near the R2 level at $193.09 and is now approaching the significant support level at S1 ($116.96).
Resistance levels R1 and R2 at $164.23 and $193.09, respectively, mark the critical zones where previous rallies have faced selling pressure, reinforcing these levels as key barriers for any bullish reversal.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) shows a bearish momentum, as evidenced by the MACD line being below the signal line. The negative histogram further confirms the bearish sentiment, indicating that the selling pressure is not abating just yet.
RSI:
The Relative Strength Index (RSI) is nearing the oversold territory but hasn't reached it, suggesting that while there's bearish momentum, a potential reversal could occur if it dips into and rebounds from oversold conditions.
Conclusion
Given the current state of the SOL/USDT market, the approach is one of cautious observation. The nearing of the RSI to oversold levels coupled with the price's approach to support at S1 suggests a potential area where the market might stabilize or rebound. However, the bearish MACD indicates that any reversal could be short-lived unless there is a significant change in market dynamics.
For investors or traders, watching how the price behaves near the S1 level is crucial. A breakdown below this support could lead to further declines towards S2 ($93.66) and S3, whereas stabilization or a rebound could offer opportunities for short-term bullish trades. It's essential to wait for confirmation in the form of bullish candlestick patterns or divergences in the MACD and RSI to validate a potential reversal before considering long positions. As it stands, my strategy revolves around preparation for both scenarios, with a keen eye on the key technical indicators and price levels highlighted.