Solana broke the resistance from $79!Solana just broke the resistance from $79. This resistance was formed through 2 key levels over time, namely, August 2021 when it was resistance, before reaching the ATH and March 2022 when it was strong support. So, if this level will be confirmed as support, the target is $102-104.
SOL
$ALGO UPDATED - Resistance Break Inevitable Just a quick update on our previous EURONEXT:ALGO trade, So far, it has performed as expected, hit resistance within the past week, and was rejected slightly back to it, We're currently expecting the current resistance level to break over the next 48 hours.
Levels to focus on and set alerts at
Updated Target level 1(Major Resistance): $0.2398
Updated Target level 2: $0.3610
Updated Target level 3: $0.5077
Targets from last chart remain the same, Expecting us to break UTL1 (Updated Target level 1) within the next 48 hours, after that major resistance I expect a sharp break upwards towards UTL2 before a potential cook off wick and then continuing to next targets, expect the first two targets to be broken within the week.
SOLUSDT.1DBased on the provided market data, the SOL/USDT pair is currently trading at $93.89. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 79.35, 84.26, and 89.48 respectively, indicating an overbought market condition in all three periods. This suggests that the market might be due for a correction or a pullback.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 5.71, 7.29, and 14.01, respectively, indicating a bullish market trend in all three periods. This suggests that the market is currently in a strong uptrend.
The Bollinger Bands (BB) for 4 hours, 1 day and 7 days are 95.83, 91.21, and 81.60 respectively, indicating that the market is currently highly volatile and prices might be due for a correction.
The support levels for 4 hours, 1 day and 7 days are $79.24/$66.19/$55.84, $72.95/$55.15/$51.39 and $40.61/$20.63/$13.51 respectively. If the price drops, these are the levels where it could potentially find support.
The resistance levels for 4 hours, 1 day and 7 days are $97.32/$103.62/$110.0, $102.88/$119.28/$152.20 and $126.41/$209.30/$230.20 respectively. If the price rises, these are the levels where it could potentially face resistance.
In conclusion, the SOL/USDT pair is currently in a strong uptrend but is also overbought and highly volatile. Therefore, while the bullish momentum might continue in the short term, a correction or a pullback could be expected due to overbought conditions. As always, it's advised to use stop losses and take profits at appropriate levels to manage risk.
SOLANA: Eyes on 105 Impressive! SOL's price action has been remarkable in the past few days, perfectly hitting all the charted levels. While a healthy pause could appear naturale here, the question arises: if the current hype persists, what could be the limits? The next milestones are set at 100, 105, and 111, with 105 proving to be a particularly challenging hurdle. A breakthrough at 105 could potentially unleash significant upward momentum for SOL. Exciting times ahead!
🔥The Whales Support Tezos Price: Breakout Of Huge Channel❗️🔥XTZ in a bullish trend since whale support the price at the bottom of the channel (green area). Now XTZ breaks the channel and tests it as the support which is bullish sign.
If Bitcoin continue it's grows or consolidation at least, the price of all altcoins will go up. Especially, price of altcoins that still close to the bottom as XTZ.
💥 The two targets are on chart. $2 and $4 are the biggest resistances.
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SOL (20231021In July this year, SOL experienced a round of increases, reaching a high point at 33.010. By using 33.010 and 12.680 as the high and low points for the Fibonacci retracement, it can be observed that SOL formed an inverse H&S at the 0.25 (17.763) level of the sequence, and it broke through the resistance at 25.244. Currently, attention can be focused on the price action around 28.00.
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Targets:
33.010
38.093
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If SOL can successfully reach these targets, there is an opportunity for SOL to continue its upward trend. This decreases the probability of the large bear flag pattern mentioned in the previous article ().
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Sol soars! or getting sore?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#SOL 1W chart.
At an area of interest here.
$82.
Shall see if PA can break and flip may be W4 support.
Still don't think we have a W4 comparable to the W2 here.
IF PA comes down,
$50 is the lowest I'd like to see.
Cheers!
🗺️Solana(SOL) Roadmap🗺️🚀Today, I want to analyze the Solana(SOL) project, which has grown more than ➕380% in the last 90 days . Does Solana continue to grow, or does it need to Rest ❗️❓
🙏Please stay with me.
🌐In terms of Fundamentals and News/Rumors for Solana(SOL), Solana(SOL) is in good position, as:
🔸Collaboration with Amazon .
🔸Launch the Firedancer protocol .
🔸Solana's Total Value Locked ( TVL ) has grown well.
⚠️Of course, we saw the impact of all the above during these 90 days in the Solana(SOL) project chart.
🏃♂️Regarding Technical Analysis, Solana(SOL) is moving in the Ascending Channel for about a year, and now it is in the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and near the upper line of the ascending channel.
🌊According to the theory of Elliott waves , Solana can be associated with 2-3 scenarios , which means that the grouping of waves with each other can be done in different ways, that Solana's falling wave structure from $260 to $8 was five waves ( main wave A ), so these rising waves created by Solana can eventually continue until the All-Time High(ATH=$260) , and there will be a fall again. In fact, all these waves that have been created in Solana during one year are in the form of the main wave B should be considered.
🌊The point that I can mention about Solana waves is that Solana seems to have completed its impulse wave 5 in the last 3 months soon and needs to be corrected to grow again.
📈Before the conclusion , it is better to take a look at the SOLBTC chart.
💡SOLBTC is moving near the 🔴 Resistance zone 🔴, and according to Elliott wave theory , it seems to be completing the main wave B with a Zigzag Correction(ABC/5-3-5 ).
💡From the SOLBTC chart, we can understand that if the cryptocurrency market falls , Solana will probably suffer more than Bitcoin in the future. If the cryptocurrency market grows , Solana will grow less than Bitcoin.
🔔As a result, according to the above explanation, I expect Solana(SOL) to Fail to break the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and probably increase to around $81 at the most and then start to fall to one of the Fibonacci levels or 🟢 Support zone($30.50-$25.80) 🟢.
❗️⚠️Note⚠️❗️: If the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 is broken, I still think that Solana can increase (maximum) up to $260 , which of course, can be attractive considering the current price.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🔥RSR Broke 2-Year Wedge: LOOK AT THE BUY SIDE❗️🔥Reserve Rights broke it's massive resistance and now have a huge growth potential. The pump of altcoins is possible only in case of Bitcoin growth and RSR have to become one of the gainers.
Now the price tests the key level and support (buy side). It's a bullish sign.
💥The 2 main (mid- and long term) targets are on chart.
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🔥SNX Trying to Break 1-year Channel: What Are The Targets❓🔥SNX is the top gainer and grow for 2 months straight. Now the chart shows that SNX doesn't have enough power for the futher growth. Only the breakout of the channel and test it as the support will confirms the bull power.
Possible that price can fall to the middle of the channel. I think that it will be a good entry point in long. You need to pay attention on Bitcoin of course to make the right decision.
💥The 2 targets are on chart. Enjoy it!
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Dogecoin(DOGE): First Bounce After Nice Drop? We are back with Doge coin, which has a very nice rejection from the upper resistance zone as of now, leading the price towards a lower support of $0.09113.
With that being said, we see that the price has had a volumetric bullish movement, which can lead the price back to the upper resistance zone. We are looking closely for market price movement, and once we see the price back near the upper resistance, we will be shorting it again with a much bigger size!
[solana] is going to $1remember when i said i'd buy solana at $10, back when it was at $200+?*
remember when i called out a solana buy at $8.08 last december?*
if you do, then remember my words tonight:
solana hits $1 in 2024.
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old:
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solana came up in 5 waves on a weekly timeframe, from 2020 into 2021.
since then, it has been in a simple zig-zag, coming down in 3 waves, with an estimated downside target sitting at $1.
this might seem highly improbable for a majority of the market at this time due to an enormous amount of greed, but this was all part of the og plan. now that a majority of the market has been placed strategically on one single side, a powerful strike will take place, to inflict the most painful of all inflictions.
you've been warned.
👻
Cryptographic Truth Final Run (Chainlink) (Re-Upload)The fractal continues to play out like the last Chainlink Cycle.
I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern.
My position is still open from 14.6 and being added to the long position under 14.
At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below.
According to the fractal, we don't get the real break till the 1st of December; it might look something like this.
The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
Solana(SOL): Major Resistance Is Approached!!!We see a good potential for retracement from the major resistance zone at approximately $79, which is currently being tested. The RSI is hovering near overbought territory, indicating potential for a price pullback.
So with that being said, we are aiming here for three major zones. We have displayed three key support levels: the first support at around $53, followed by a more substantial second support at $41—which appears likely to be tested—and a third support at $27.5.
SOLUSDT at 4h support, likely to bounce to recent high 79.15Last long trade order could not be filled as the price moved further up without coming to our buy zone. However, now there is another opportunity for a long trade on this pair. The price broke out through daily resistance and now it is retracing . Currently it is visiting 4h support 4HS1 and I expect it to bounce. The target of this trade should be close to the recent high it has made.
Chainlink The Moment Of Cryptographic Truth (re-upload)It is now the most important time in this whole fractal; it's been over 381 days, and Chainlink continues to mirror its past. Link is now in a Pennant pattern, which is a bullish pattern.
The question everyone is asking is, is it over? Has it stopped mirroring? The answer to that is no; it has not stopped mirroring as of this moment.
As you can see, even throughout this segment of the fractal, it's been a pretty close 1:1; even this deep pullback is very similar.
It's extremely important that Chainlink now holds this higher lower structure for the fractal to play out its final move. Sometime in the next 24 hours, the price will reverse if the fractal is to play out.
As I have documented in this large series of TAs, Chainlink is moving around 50% less than the last cycle.
Even this move up from the start of this wave was about 50% less than last cycle. So if we measure from this point in time, 100% gets $26, which is one of many reasons my new target for this final wave is much lower than I expected. But as new information comes in, we change targets.
We have a lot happening around that number.
The 2/1 Gann Fan around the timeframe I set hits $27.
We also have three Fib levels around that area:
- 4.236 Accumulation level Fib - $24.4
- 4.236 Pennant level Fib - $28.9
- 0.5 Marco Level FIB - $28.6
So why the timeframe? Why December 15th to 25th?
The first date is straightforward; it's when the fractal pattern tops out. So by December 11th, the price should be back at $16.5 if the timing of this is going to play out the same.
The second date I set is December 25th. The reason why I chose that date is that the final wave in LINK's movement normally takes 14 days from the break of the range. If the fractal continues and it does breakout on December 11th, it's possible that the top would, in fact, be in 14 days from the range break, which would be December 25th.
As long as Chainlink does not break this Pennant structure, everything is still under control. If the Chainlink closes under this support and creates a lower low, everything goes out the window pretty fast.
It's the most important moment!
Re-upload guys , TA was taken down under house rules , my bad.