SOL
Bitxer's SOL/USDT Analysis - Spot On🌟 Bitxer's SOL/USDT Analysis - Spot On! 💥📊
🎯 Analysis Validation:
SOL/USDT's recent movement aligns perfectly with Bitxer's analysis.
As anticipated, SOL/USDT hit the projected mark at 66.52.
🔍 Accuracy at Its Finest:
Bitxer's insights continue to deliver 100% accurate predictions.
🚀 Stay Connected for More:
Keep following Bitxer for dependable and precise market signals.
💡 Insights for Success:
Bitxer aims to provide you with the best trading guidance for success.
Stay tuned for further insights and accurate signals from Bitxer! 🌟📈🚀
SOLUSD: Thoughts and Analysis Today's focus: SOLUSD
Pattern – Failed high and HL.
Support – 51.71
Resistance – 57.70 - 58.20 - 59.00
Hi, and thanks for checking out today's update. Today, we are looking at SOLUSD on the daily chart.
Today's video asks if SOLUSD will continue its run or if it could see further selling enter the market. Buyers continue to push in today's session but continue to be met with decent selling from 57.70 and above up to $61.
There's also an interesting price set-up we have run over, as it looks a lot like the current price action we are seeing at the moment, and the last time this occurred, we saw a solid run-up.
Good trading.
SOL beginning to set? Elliott WaveIf 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!
Getting a deeper retrace, which will hopefully lead to some #Elliottwave clarity of count degree wise.
Some areas I am looking for a reaction at.
Below $40, sus for this count.
What's in Store for SOLUSDT (Solana) ?⚪ Solana (SOL) has been a notable performer within the crypto sphere. Its price trajectory has exhibited remarkable potential, characterized by its presence within a well-defined ascending channel. This pattern, stretching across multiple timeframes, amplifies the probability of a significant uptrend on the horizon.
⚪ A critical piece of evidence supporting this bullish perspective lies in recent price movements. The market demonstrated a notable response to the 61.8% Fibonacci retracement support level, which acted as a robust foundation for SOL's price action. Furthermore, the picture becomes even more compelling as SOLUSDT broke free from a minor descending channel, signifying an impressive shift in market sentiment.
⚪ This shift underscores the growing buying interest in SOL, reflecting a rapidly increasing demand. Such strong bullish signs suggest that investors and traders should be vigilant in their watch for an opportune entry point. It is worth noting that the attractiveness of lower prices continues to grow, making SOL a tantalizing prospect for those seeking entry into the market.
⚪ While Solana might experience a minor corrective move in the short term, a broader perspective reveals that a significant rally could be imminent. Thus, astute market participants should remain vigilant as the situation unfolds.
P.S. as always, trade setup will be posted in our channel
SOL SOlANA Technical Analysis And Trade IdeaEngaging in a meticulous examination of Solana's charts uncovers a retracement pattern from its recent high, prominently evident on the 1D and 1W timeframes, we consider a further pullback. The pivotal consideration revolves around whether this retracement will escalate to a 1W entry point, or if there's a potential for a strategic entry at a 1D retracement level. Our video delves into the SOL analysis across these time frames, identifying two possible trade opportunities grounded in market structure, price dynamics, trend analysis, and other critical aspects of technical analysis.
It's crucial to emphasize that the insights presented in this content are intended strictly for educational purposes and should not be interpreted as financial advice. Participating in the cryptocurrency market inherently carries a substantial level of risk, and as such, it is imperative to judiciously integrate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these dynamic markets.
SolStatus of Solana/Tether (SOLT)
As of 2:28 AM EST on November 12, 2023, the status of Solana/Tether (SOLT) is currently improving. The price of the currency has reached $57.004, which is up 1.18% from the previous day. However, this price increase may be temporary and the price of the currency could decline if demand decreases.
If the price of the currency declines, the first support level is at $53.462. If this level is broken, the price of the currency could decline to $52,000. The next support level is at $47.971 and if this level is broken, the price of the currency could decline to $44,000.
Of course, these are only predictions and the actual price of the currency could be different. Various factors could affect the price of the currency, including news related to the currency, the overall state of the cryptocurrency market, and global economic factors.
Negative news
Here are some negative news that could affect the price of Solana/Tether (SOLT):
Decreased demand for the currency
Release of negative news about the currency
Decrease in the price of other cryptocurrencies
Unfavorable economic conditions
If you are considering investing in this currency, you should consider these factors.
Positive news in the past month
Here are some positive news that have been released in the past month about Solana/Tether (SOLT):
Increase in SOLT price
New developments in the Solana network
Increased adoption of Solana
Here are some more details about these positive news:
Increase in SOLT price
The price of SOLT has increased by more than 50% in the past month. This has made the currency one of the most profitable cryptocurrencies in the market.
New developments in the Solana network
The Solana network is currently developing several new features. These features include:
Solana 2.0
Solana 2.0 is a new version of the Solana network that is scheduled to be released in 2024. This new version of the Solana network will have new features such as greater scalability and higher efficiency.
Solana Mobile Stack
Solana Mobile Stack is a toolkit that helps developers create decentralized applications for mobile devices. This toolkit can help to increase demand for Solana decentralized applications.
Solana Pay
Solana Pay is a Solana-based payment service. This service can help to increase the adoption of Solana among businesses and consumers.
Increased adoption of Solana
Solana has been adopted by several major companies and organizations. These companies and organizations include:
FTX, a cryptocurrency exchange
Axie Infinity, a blockchain game
Solana Labs, the company that develops the Solana network
This can help to increase the popularity of Solana and make it a more viable option for payments and other commercial applications.
Of course, these are only some of the positive news that have been released about Solana/Tether (SOLT). Other factors could also affect the price of the currency, so it is important to consider all factors before investing in the currency.
SOL: Resistance BreakoutSolana (SOL) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price rallied over 200% to $60 resistance and broke through it. Even though it is overbought (RSI > 80), it appears poised to continue its run in the near term and revisit $80 resistance next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $38. The nearest Resistance Zone is $60.
SOL/USDT ---> Opportunities for ProfitSOL/USDT Price Analysis: Opportunities for Profit
HELLO GUYS...
Solana (SOL/USDT) has recently formed a descending channel, which broke down from and touched the lower boundary of the parallel channel.
Following this, SOL began an upward movement, reaching $25. Currently, there is a divergence on the RSI indicator, which suggests that SOL may reach $35 after touching a liquidity pool or an area lower than that, possibly the second area.
As a financial analyst, I recommend waiting for a long confirmation before considering buying SOL.
weekly time frame:
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
DON'T buy #solusdt here, just wait ...
Hi guys,
as you can see in the chart, the correction wave (c) is not yet completed and continues to $19 or $6.3.
so i recommend you if you wanna get a position just get short position and if you wanna hold this crypto currency wait until this wave completed.
this chart will be update when price get there.
If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
$SOL correction possibilityOn smaller TF can see a 5-wave count blowing off into bearish divergence on RSI. Typical of corrections/pivots.
Look for supports around $40 & $30 levels to scale in. This is probably needed to sweep fomo longs and attract dip shorters to fuel the wider wave 3 structure.
Recommendation is take some profit and reload dip levels, risky to short against the trend.
$SOL to $4,380Fundamentals: Firedancer validator node upgrade expected around Q2 of 2024, pushing TPS over 1.2m+ for a single cpu core.
Technical: Parallel channel on Log Scale showing strong support line. With similar timeline of 21 bull run, we get a target of 4380, slightly above the 1.618 Fib Extension with a blow off top.
SOL setting? Elliott Wave countsIf 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!
Some Elliott Wave counts I mulling over.
Breaking some pivots will assist in find a clear count.
Solana Skyrockets to New Highs! Seize the OpportunitySolana, the rising star of the crypto market, has just hit a new milestone by surging above $45, accompanied by positive MACD moves. This is an incredible moment for all of us, and I encourage you to seize this golden opportunity to long Solana!
The recent surge in Solana's price is nothing short of remarkable, and it's a testament to the immense potential and growing demand for this remarkable cryptocurrency. With its lightning-fast transactions, low fees, and robust scalability, Solana has set itself apart from the competition, captivating the attention of both traders and investors alike. Now, with the price soaring to new heights, it's time to ride this wave of success and maximize our potential gains.
The positive MACD moves further reinforce the bullish sentiment surrounding Solana, indicating a strong upward trend. This technical indicator, combined with the fundamental strength of Solana's ecosystem, creates an irresistible opportunity for traders like us to capitalize on this upward momentum.
So, what are you waiting for? It's time to take action and make the most of this thrilling moment! Here's your call-to-action: Long Solana now and position yourself for potentially massive profits. By going long on Solana, you'll be joining a vibrant community of traders who share your excitement for this revolutionary cryptocurrency.
Remember, successful traders are those who recognize and seize opportunities when they arise. Solana's meteoric rise presents an ideal chance for us to ride the wave and potentially reap substantial rewards. Don't let this moment slip away!
To get started, I recommend conducting thorough research, analyzing the market trends, and formulating a sound trading strategy to ensure you make informed decisions. Consider setting stop-loss orders to protect your investments and always stay updated with the latest news and developments surrounding Solana.
Let's embark on this exciting journey together and make the most of Solana's incredible surge! Long Solana now and position yourself for a potentially profitable ride.
Wishing you all the best in your trading endeavors!
🔥 Solana [SOL] Going Parabolic: Break Out UpdateIn my most recent SOL analysis, little over a week ago, I wrote that I was waiting for a break out of the rising wedge pattern on the bullish side.
As anticipated, the price broke through the resistance and led to an almost 100% gain in around 2 weeks time. Huge win for SOL bulls and crypto as a whole.
Seems to me that 100$ is going to happen rather soon. Keep in mind that SOL has gone up around 200% in a month without any pull-back, so it's likely going to be a bumpy ride to 100$.
$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now.
In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021
The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow.
Here are my levels to watch out for,
Here are my recommended options for entry.
You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade.
At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days.
Here are the levels to watch.
Set alerts are applicable prices.
Support / Entry level: $.1230
Resistance Zone 1: $.1405-$.1520
Target 1: $.2390 +97%
Target 2: $.3610 +190%
Target 3: $.5070 +320%