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SOL

Alikze »» AVAX | Head and shoulders pattern🔍 Technical analysis: Head and shoulders pattern - It is moving in a downward channel in weekly and daily time. - In the previous post , it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure. - According to the current corrective structure, a head and shoulders pattern is formed. - Also, due to the failure of the neck line, any return can be a pole back to the broken structure. - So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618. 💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:AVAXUSDT
Short
by alikze
SOL Technical Analysis: Navigate Price Levels for SuccessThe chart shows three major areas of support and resistance: Green zone at $118.39 - $128.52, Blue zone at $198.74 - $210.55, Yellow zone at $153.09 - $155.57, and two levels at $184.41 and $163.20. These zones and levels are important because they indicate zones where the price has previously seen considerable buying or selling pressure. The Green zone has served as a key support area. The price has previously experienced significant purchasing activity in this area, resulting in substantial reversals. This means that if the price fell to this level again, it would likely face significant buying pressure. The Blue zone at $198.74 - $210.55, is a strong resistance area. Historically, the price has been facing selling pressure in this zone, making it an important region to monitor for potential reversals or breakouts. Currently, the price is on the Yellow support zone. The price is consolidating between resistance at $163.20 and this yellow zone support. A clear break and close above the resistance at $163.20, especially if supported by increasing trading volume, may indicate a bullish move. A descending trendline from previous highs also indicates that the price is in a bearish trend. A breakout above this trendline, along with a breach of the resistance level, would be a strong bullish signal, indicating a possible shift from a bearish to bullish trend. The chart's key level and zones give an overview for predicting future price movements. A bullish scenario might involve a break out of the resistance level at $163.20 and the descending trendline, resulting in an upward trend toward the next resistance level at $184.41 and if the momentum continues we might see the price move towards the blue resistance zone. A bearish scenario would be indicated by a failure to hold the yellow support zone and a further drop toward the green support zone. Monitoring these important levels and the related volume will provide useful information about the future price trend
by TheCryptoCity
1
Sasol short about to get stopped out - Ready for a swing longTrades don't always work out. The trick is to prepare for not only the stop loss to be hit but also the counter action immediately afterwards at times. So in this case, the false break below lead to a rounding bottom and following another higher rounding bottom If it breaks above, we will be stopped but the next trade will be imminent for a long position. This is how we do it as active or hyper traders :) R207.16 - New target upside
JSE:SOLLong
by Timonrosso
2
Trade Setup: SOL Long PositionMarket Context: The upcoming SOL ETF and the Solana Breakpoint event in 6 weeks are key narratives. Solana's ecosystem is showing strength and resilience even when the market is declining. Trade Parameters: Entry: Enter a long trade around $155. Take Profit: First target: $185 Second target: $205 Stop Loss: Set at $146 📊 Watch the price action and adjust the trade based on market conditions. Given the potential for market narratives to drive momentum, it's important to stay informed about any developments related to the SOL ETF and the Breakpoint event. #SOL #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
Solana Price Explosion? Here’s What the Charts Say About SOL!BINANCE:SOLUSDT has shown significant volatility in recent trading sessions, with closing prices fluctuating between $175.4 and $184.49. This movement indicates a market that is both active and potentially ready for further developments. Solana Price Technical Overview The immediate resistance level for SOL is at $181.39, which is crucial as the price has approached but not yet breached this point. Beyond this, the next significant resistance stands at $187.25. On the downside, support is present at $175.3, with stronger support levels identified at $169.12 and $168.29. These levels will be critical in determining the price's ability to either consolidate or trend further. Exponential Moving Averages (EMAs) provide insight into the market trend. The 9 EMA is currently above the 20 EMA, indicating a short-term bullish trend. This suggests that the recent momentum could continue pushing prices higher, especially if the price breaks the immediate resistance at $181.39. Meanwhile, the Moving Average Convergence Divergence (MACD) is also painting a bullish picture. The MACD line is above the signal line, with positive histogram values, although the histogram is showing signs of potential weakening. This indicates that while the bullish momentum is currently in play, traders should be cautious of a possible slow down. At the same time, the Relative Strength Index (RSI) has shown fluctuating values, peaking at overbought levels around 80.77 and recently cooling down to 66.33. This decline suggests a potential retracement or consolidation phase before any further upward movement. Trading Strategies: Entry and Exit Points For long positions, traders might consider entering around the current support level of $175.3, with an initial target at the resistance of $181.39. If the Solana price breaks above this level, the next target would be $187.25. Setting a stop loss just below $175.3 can help manage risk. Short traders, on the other hand, might look for entry opportunities if the Solana price fails to break above $181.39 and shows signs of reversal. A target for short positions could be around the stronger support levels of $169.12 and $168.29, with a stop loss slightly above $181.39 to minimize potential losses. SOL's technical indicators suggest a cautiously optimistic outlook, with bullish trends visible in the short term. However, the fluctuating RSI and the potential weakening in the MACD histogram advise traders to remain vigilant. Key levels will play a pivotal role in the next moves, and strategic entries and exits will be essential for managing trades effectively. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Long
by Ecoinimist
SOLUSDT History repeating?SOLUSDT technical analysis update The SOL chart appears to repeat the same pattern in this bull cycle. In the last bull run, SOL accumulated for 170 days before the first phase of the bull run. After the accumulation box breakout, the price surged by over 1200%. Then, the price formed a flag pattern before the second phase of the bull run, resulting in a further 700%+ increase. Now, the price is repeating the same pattern in this cycle. After accumulating for 300 days, the price broke out of the box and went up by 550%+. The price is forming a flag pattern and is about to break it. If the price breaks the flag pattern, we can expect a 200%-400% move in SOL. Regards Hexa
Long
by HexaTrades
#SOLUSDT #1h (OKX Futures) Ascending broadening wedge breakdownSolana lost 50MA on hourly TF, retracement down to 200MA support seems in place, let's hedge short. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 4.8% Current Price: 157.06 Entry Targets: 1) 158.69 Take-Profit Targets: 1) 147.63 Stop Targets: 1) 164.23 Published By: @Zblaba CRYPTOCAP:SOL OKX:SOLUSDT.P #1h #Solana #PoS solana.com Risk/Reward= 1:2.0 Expected Profit= +41.8% Possible Loss= -20.9% Estimated Gaintime= 2-3 days
Short
by TradingOn
1
Trade Setup: SOL Long PositionMarket Context: SOL is currently trading at resistance, and a small retrace is expected, providing a better level to enter into a trade. Trade Setup: Entry: Enter a trade at a retest of the $145 - $150 area of support. Take Profit: First target: $163.50 - $176.00 Second target: $188.50 - $200.00 Stop Loss: Place the stop loss just below $135 to allow for some volatility. 📊 Keep an eye on the price action and be ready to adjust the entry based on market conditions. #SOL #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
$SOL Long- A Fractal Study on $SOLETHPosting this chart for later street cred. SOL/ETH pair is the next ETH/LTC pair CRYPTOCAP:ETH has vastly outperformed CRYPTOCAP:LTC since ETH burst onto the scenes in 2016. CRYPTOCAP:SOL has vastly outperformed CRYPTOCAP:ETH since SOL burst onto the scenes in 2020. We are in midst of the next parabolic run, ~0.15 is the target for this BINANCE:SOLETH pair's top this cycle. A study on fundamentals, cycles, fractals... common sense. CRYPTOCAP:SOL / CRYPTOCAP:ETH - @CryptoCurb
Long
by CryptoCurb
Alikze »» SUI | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel on a daily basis. - Currently, there is demand at the bottom of the descending channel in the green box. - If it can break the range of 0.78, it can continue its growth with a pullback to the support box until the supply zone. - But if the green box area breaks down, the correction will be ongoing and should be re-examined and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUIUSDT
Long
by alikze
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
SOL (Solana): Descending TriangleTrade setup : Price has regained 200-day moving average, which is a sign of long-term Uptrend. Swing Traders: we would be buyers on pullbacks near $125-$135 support, which could be an attractive swing trend entry, with +30% upside to $160. Stop Loss (SL) level at $110. Trend Traders: wait for a breakout from Descending Triangle, ideally above $160 resistance, which could be followed by an upswing to $200. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $125.00, then $100.00. Nearest Resistance Zone is $160.00, then $200.00.
Long
by altFINS
Bitcoin Outlook 2024It's been a while since I posted something on TradingView, mostly because there has been nothing going on for months now. However, I believe we are coming into a major pivot point for Bitcoin. In the past, when Bitcoin consolidates at previous all-time highs, it's a strong sign that we are entering a Bitcoin bull market. But this time, it seems, at least for now, that the tide has turned to the downside. The main chart above shows the most important macro trendline to follow right now, with multi-year support and two major cycle lows put in on this trendline. If we take a look at my lay lines and Fib time zones, you can see why I think the 2024 outlook is going to be more downside. A new time cycle will start sometime around December 2024, which matches with the lay lines also. A very important Time Fib, which I have been using for years, starts this month. As you can see, it is powerful at predicting pivot points. Unfortunately, last year it failed for the first time in predicting anything, so let's see what happens this month. As you can see from the model, Bitcoin has failed to close above the last band. This last band shows the last phases of Bitcoin cycles. MACD BEARISH CROSS 2W The MACD has crossed bearish on the 2W timeframe five times. One out of the five times it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%. It is important to note that even though we have crossed bearish on the MACD, we need to wait for it to confirm in 10 days as of this post, which would be the close of this current 2W candle. STOCHASTIC RSI We have officially gotten a sell signal on the monthly. Two moving averages have closed under the 80 level. In 2021, this again was a false signal; we rallied for months while moving averages kept moving down. Mayer Multiple Band Completely broken down from the yellow band. The next band is at 43k. My indicators This shot is showing Heikin Candles. As you can see, it's pretty good at calling tops , its not perfect , but considering this is a real-time signal, it is very powerful. This signal will confirm in 27 days, though. Same shot but using Japanese candles. As you can see, we have two sell signals up here on a monthly timeframe. As soon as I saw the second one, I knew already that the outcome was most likely down. CME GAP STILL OPEN Let's not forget that the CME GAP at 20k is still open. That is a 60% drawdown from where we are now, which would take us down to 20k where the CME GAP is, which is in line with the 2W candle MACD bearish cross average drop. Conclusion There are so many sell signals right now, and these sell signals are on monthly and 2-week timeframes. We are talking about huge momentum here. My view is we go down for the rest of the year until December 2024, when rate cuts come in and the bull market starts until September 2025. After that, blood. Anything is possible. A black swan event would take it down to close the CME GAP most likely. Remember, anyone who was here in March 2020, we dropped 63% in about 20 days.
INDEX:BTCUSDShort
by Sporia
3