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SOL vs BTC : Where Have I Seen this FRACTAL 🤔📉Hi Traders, Investors and Speculators of Charts📈 Looking at the Solana chart today, something struck me as familiar - but I couldn't place my finger on it. A pattern... where did I see this before? If you stare at charts about as much as I do, sometimes you start to see trends and correlations between charts. We call these - FRACTALS. These are a great tool to use when scouting for patterns. You can use a fractal in many ways, but I mainly gauge it against what happens next after the fractal on the origin chart. We're doing the same thing today between SOL and BTC - using an old Bitcoin fractal to predict the potential next move for Solana. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT BINANCE:SOLUSDT
Short
by CryptoCheck-
2
#SOL Waiting for confirmation downward trendIn time H4, as mentioned in the previous post, if it is not able to break the range of $100, it will correct to the range of $81. Therefore, at present, the important resistance barrier for the growth of the currency will shift to the range of $87.5. So, if it corrects upward, the range of the red box can be confirmed to continue the downward trend to the range of 72 to 68.75 and enter the sale transaction. In addition, if there is confirmation above the red box, the transaction will be reversed.
by alikze
63
SOL LOOKS BEARISHSolana really has a bear makeup. Now it has hit a supply, but it would have been better to reach the optimized range, then we could look for sell/short positions with much less risk. We do not expect the sol to rise and our view is a bearish one. We expect to have specified targets on the drop chart. Closing 1 daily candle above the optimized range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
6
Solana's Soaring Transaction Volume Signals Bullish MomentumThe blockchain landscape is witnessing a remarkable surge in activity, with Solana ( CRYPTOCAP:SOL ) taking center stage as its monthly transaction volume reaches a multi-year high. The native token, CRYPTOCAP:SOL , has not only posted significant gains among major altcoins but has also exhibited impressive resilience in the face of recent market fluctuations. This article explores the key factors contributing to Solana's stellar performance, delving into the surge in transaction volume, the recovery of CRYPTOCAP:SOL 's price, the role of WEN token pairs, and the implications of recent liquidations. Unprecedented Transaction Volume Surge: Solana's blockchain is experiencing an unprecedented surge in transaction volume, with data from The Block's Data Dashboard revealing a staggering $951.9 billion in transactions for January. This marks a substantial 30% increase in economic throughput compared to December's already impressive volume of $735.8 billion. The current transaction levels far exceed those seen in 2023 and most of 2022, indicating a significant uptick in user activity. CRYPTOCAP:SOL 's Remarkable Price Recovery: Despite recent market turbulence, Sol has managed to not only recover but also rise above the $100 mark. The token's value increased by almost 8%, reaching $104.44 at 9:22 a.m. ET, making Sol the best-performing major altcoin in the last 24 hours. This impressive recovery can be attributed to the growing interest in decentralized exchanges, particularly driven by WEN token pairs. WEN Token Airdrop Sparks Trading Frenzy:** The recent airdrop of NASDAQ:WEN tokens to users of Solana's Jupiter decentralized exchange has catalyzed a surge in trading activity. Data from Dune Analytics reveals that the top five decentralized exchange trading slots in the past 24 hours are dominated by stablecoin-SOL, stablecoin-WEN, and SOL-WEN pairs. This airdrop, extended to Solana Saga phone users and certain Solana-based NFT project owners, has ignited a trading frenzy, amplifying Solana's market presence. Liquidations Reflect Market Dynamics: CRYPTOCAP:SOL 's price volatility over the past 24 hours has led to a notable increase in liquidations, particularly in short positions on centralized exchanges. Approximately $9.9 million was liquidated, with the majority, almost $8 million, coming from shorts. This trend is reflective of the overall crypto market, which witnessed over $79 million in liquidated short positions in the last 24 hours, contributing to a total of $118 million across various centralized exchanges, according to CoinGlass data. Conclusion: Solana's robust performance in terms of transaction volume, price recovery, and market activity positions it as a standout player in the current blockchain landscape. The platform's ability to attract users through innovative initiatives like the WEN token airdrop and maintain resilience amid market fluctuations underscores its potential for sustained growth. As Solana continues to set new records, investors and enthusiasts alike are keenly watching to see how this blockchain powerhouse will shape the future of decentralized finance and blockchain technology.
COINBASE:SOLUSDLong
by DEXWireNews
Review----SOLBTC remains fluctuating at 42000, the IV reflected in the options market is decreasing, and the impact of BTC ETF has come to an end. We have analyzed SOL through indicators before, and now we will do a brief review to see how our indicators performed. In our last report on SOL, we mentioned that it was in the process of correction but remaining a bullish trend. Over the past week, you can clearly see from the indicator area that the bulls have strengthened after the colunms approached the lower rail of the wavy area. Everything is in line with the instructions of TSB indicators. The rebound from the signal point to date is 15%. If you used our indicator after seeing the last report, you avoided becoming a paper trader and continued to hold a long position. At the 4h level, SOL continues to maintain fluctuation. During the course of our previous report, the KDMM indicator suggested a significant increase in bearish momentum. This is a classic short signal. Our trading department opened a short position and, in accordance with the rules of the KDMM indicator, closed our position when the bulls strengthened. Finally, within a week, a gain of 10.81% was captured. This is very simple. And now, the KDMM indicator is currently approaching a high level. When the bearish momentum increases, trading opportunities will come again. Our indicators have shown their strength over the last week, and no matter what level or trend you are in, you can find the right indicator to use. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
SOL/USDT 4HInterval ChartI invite you to review the SOL chart in the USDT pair. also here you can see how the price is moving in the local downtrend channel, in which, as you can see, the price is approaching the upper limit. At this point, it is worth looking at the Ema cross 10 and 30 indicator, because we can see the red line 10 crossing the green line 30 from below, which indicates a local return to the upward trend. In such a situation, it is worth laying out a trend based fib extension grid, thanks to which you can see how the price is struggling with the resistance zone from $92 to $95.5, and when it goes above it and from the downtrend channel, the next significant resistance should appear around 106 $. However, when the price starts to reverse, it can be seen that from the level of $84 to the level of $78.5, a strong support zone has formed. Only when it is broken can we see the price drop further to around $69. When we look at the RSI indicator, we will see that there is still room for an upward price movement, but enthusiasm may be limited by the STOCH indicator on which we exceeded the upper limit, which should potentially result in a price recovery or a temporary sideways trend.
by cryptodailyuk
🔥 Solana [SOL] Bearish Scenario That Can Play OutSOL saw a crazy move over the last few months, which took the price from 18$ all the way to 125$. Since then, the price has not really seen any meaningful correction. In my view, there's a risk that SOL can go down further and retest the bottom support of the parallel channel. I've stated before that I expect BTC to further correct after the ETF was launched. Potentially, BTC can correct another 20-30 percent from the current value, which could be disastrous for alts like SOL. Nevertheless, my long-term projections of this token are very good. So any buy from the lower yellow support could result in very good trade in the next 1-2 years. For now, I'm bearish until BTC has either broken out through 50k or has corrected towards the 30k area.
Short
by FieryTrading
4
SOL macro analysis 📌 2024/25 ♉ I think COINBASE:SOLUSD completed mark down phase 📍 ( wyckoff theory ) Present we are in accumulation zone 📌 🙄 #DYOR I have 2 scenario based on my technical analysis ⏰ #TA 👉 expecting no new low 🔅 making new high 📌 atleast return to previous top 🔝 👉 expecting new low 🔅 based on FTX and FUD news 🗞️ selling , no new High 📌 Solution :: 👉 I am using 60-70% liquid at 1st phase 📍 if above i got confirmation 🙂 remaining 40-30% I keep in correction 🤝 if not 🚫 making new low 🔅 I use that liquid 💰 there 📌 So making new low 🔅 atleast I book +500% ( 5X ) Not making new low 🔅 i will make more than +1000% ( 10x++ ) This is my planning based on chart 📉📈 make ur plans 🙌 Technical analysis is always risk management 📌 tool 🔥 not only predictor tools 📌 Buy -> Phase 1 📌 $10 - $15 Phase 2 📍 $2.5 - $5 Weekend candle close above $60 no new low 🔅 confirmation 😸 Then phase 2 📍 $40-48 ( not making new low buy at correction ) This is plan of accumulation on COINBASE:SOLUSD 🤝 and with confirmation 👌 zone 📌 Sell -> $244 - $600 ( distribution area ) 👉 clear target's provided time bull 2025 just follow article and boosting 🚀 If making new low 🔅 then bull target will be $48-50 ( exit but i will update that time ) 🤝 Anything else comment and give me private text 🙂 🤝 check ✅ my profile and follow article for future updates 🤝 When COINBASE:SOLUSD trade at $200 I said 2022 nov it will reach below $10 ( it was done ✅ ) 🤝 boosting 🚀 and following article is ur requirement and sharing with ur PPL 📌 is supporting 🔥 my responsibility is update 📌 at crucial movement i will do under this post 🤠 Be happy 😊 be safe 🙂 ( then don't get married 😉 )
Long
by raj5_7_5
4
#SOL Continuing the analysis of the previous postConsidering that this currency is the favorite of many enthusiasts, I decided to share the possible Elliott scenario with you so that you have a better view of investing in this currency. In the last part of the movement of this currency in time H4, a complete cycle has been completed, and this last correction is a double zigzag correction. Therefore, this corrective movement can be planned in the form of a three-wave or wave 4, which can at least move up to its minor ceiling. Its classic pattern type is also the flag view.. So if it does not enter the wave range of a specified range, it can at least retest the minor ceiling. pay attention: Penetration into the range of wave 1 or overlap analysis will be invalidated
Long
by alikze
18
SOL SOLANA Trade IdeaSOLANA has experienced recent downward pressure but is presently trading within a crucial support zone, as illustrated on the chart. In the event that the Dollar Index (DXY) sustains and strengthens its position, SOLANA might potentially move towards additional downside targets, given the typical inverse correlation between DXY and SOL. It is important to underscore that this analysis is offered solely for educational purposes and should not be interpreted as financial advice.
Short
by tradingwithanthony
8
SOL/USDT Ready for Explosive Bull Run? 🚀 SOL Analysis💎Paradisers, gear up for an exciting trading opportunity with SOLUSDT. It's showing a breakout from its descending channel, suggesting a shift towards an upward trend. 💎In the 4-hour timeframe, SOL has been consistently following a descending channel pattern. Now that it has broken above this channel, we expect it to rise towards a resistance level, then likely experience a rapid pullback, adhering to its established pattern. 💎There's a high probability of a bullish movement beginning from the support level at around $98. SOL is now poised to target resistance levels near $128. 💎For savvy Paradisers, timing is crucial. Pinpointing the most advantageous entry points during this rise is key. It's prudent to avoid buying at the peak of the movement. 💎Exercise caution: there's also a possibility of SOL dropping below the $85 support level. A descent below this pivotal point could lead to doubts about the continuation of the upward trend.
Long
by MyCryptoParadise_Simon
1