Solana
SOL Waiting For The BEST Entry: Bullish TriangleSOL has been trading inside this triangle pattern since practically forever. I'm not calling for a bearish move here, I'm only sharing my view from where I will enter if we continue to go down.
The bottom support has been holding on 4 seperate ocassions, my assumption is that it requires a lot of power to fall through, since bulls will be buying from there.
Ideally, SOL will move back up to the top resistance, or even better break out of it.
SOL / SOLANA🔍 SOL/USDT Analysis: 15-Minute Timeframe 📉
The SOL/USDT chart on a 15-minute timeframe highlights significant upcoming times where price movements may present trading opportunities. For short-term, intraday, or scalping trades, these signals can be crucial.
• August 30, 2024, 22:15, August 31, 2024, 08:45 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• August 30, 2024, 13:15, August 31, 2024, 04:00 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating SOL or entering long positions.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
SOLANA Update - About to get BEARISH?SOLANA (SOLUSDT) looking weak here.
SOLANA has hit the Trailing stop loss at $154.8 and I have closed my LONG position as per the Risological swing trading indicator.
If the current 4H candle closes in red, I will look for fresh SHORT opportunity.
In any case, Iam ready to catch the right trend and trade.
Market is looking weak right now, though that might change in just one reversal candle.
Cheers and all the best.
Others - Alts finally starting to bottom!Top 100 currencies without the top 15, especially without stable currencies that just add dead weight to the index.
Forming a big liquidity grab from the last oscillating low and most pivotal point of this current move,
Slowly moving away from "no man's land" with a good chance to close above this week.
The daily chart is currently above the safety zone and a change in character will occur if $200 billion is regained (on the daily).
The chart looks very good from a technical perspective, it is only a matter of time before the uptrend confirms.
Perfect long entry yesterday and should hold above 174B
The key is whether M-Signal can maintain its alignmentHello, traders.
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Have a nice day today.
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(Renko 1D chart)
Among altcoins, the number of coins showing upward movement as above is increasing.
In order for a block to be completed, it must rise by more than a block unit.
In the chart above, the rising block is completed only if it rises by more than 5.2.
Otherwise, if it falls below 4.8, the rising block disappears.
In this way, the Renko chart can be said to be a suitable chart for checking trends.
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(SOLUSDT Renko 1D chart)
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(SOLUSDT 1M chart)
(1W chart)
(1D chart)
If you look at the 1M, 1W, and 1D charts above, you can see that the 147.74, 168.41, and 179.89 points are important.
Therefore, if it fails to rise above 168.41, it is important to find support near 147.74.
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Due to this rise, it seems that the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart has changed.
Therefore, this time, it is important to see whether it can be supported near 147.74 and rise above 179.89.
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Accordingly, it is a buying period depending on whether it is supported near 147.74, 168.41, and 179.89.
The stop loss point is the HA-Low indicator.
The current HA-Low indicator points are
1M: Not yet created
1W: 13.81
1D: 148.28
as above.
Since the HA-High and HA-Low indicators are created according to price fluctuations, it is recommended to check the 1M, 1W, and 1D charts together.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising 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 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when 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.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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SOLANA will rise againI see the ABC correction on Solana, it will rise to 190-200 next week.
Note : Please follow your strategy, this is just my idea and i will gladly see your ideas in this post.
Don't forget to put STOP LOSS for your position, remember STOP LOSS is the key of consistency trading for long term.
TARS AI (TAI) cryptocurrency - Solana’s AI InfrastructureTARS AI (TAI) is gaining attention for its innovative approach to integrating artificial intelligence (AI) with blockchain technology.
TARS AI serves as an AI infrastructure layer for all applications built on the Solana blockchain.
It is designed to facilitate the training of AI models, monetization of data, and access to powerful Graphics Processing Units (GPUs). This modular AI ecosystem is backed by the Solana Foundation, which enhances its credibility and potential for growth.
One of the key factors driving TARS AI's bullish outlook is its collaboration with Google. Developers have announced plans to launch four new AI products in partnership with the tech giant within the next 30 to 60 days. This collaboration comes after TARS AI was accepted into Google’s Startup Program, which supports promising startups, further solidifying TAI's position in the AI landscape.
TARS AI has established a $2 million ecosystem fund aimed at supporting developers within its network. This initiative is part of a broader strategy to bridge the gap between AI and Web3 technologies, positioning TARS as a leader in the AI blockchain sector.
TARS AI is not just another cryptocurrency; it aims to create a comprehensive AI ecosystem that allows users to train AI models quickly and cost-effectively. The platform is designed to support various applications, including data monetization and decentralized governance through AI-powered tools.
With its focus on scalability and integration with Solana's robust infrastructure, TARS AI is well-positioned to capitalize on the growing demand for AI solutions in the blockchain space
In conclusion, TARS AI represents a compelling investment opportunity within the cryptocurrency market. Its innovative approach, strategic partnerships, and strong market performance make it a noteworthy contender in the rapidly evolving landscape of AI and blockchain technology. As the Solana ecosystem continues to thrive, TARS AI is poised to play a pivotal role in the future of decentralized AI applications.
SOLUSDT 15M🔍 SOL/USDT Analysis: 1-Hour Timeframe 📉
The SOL/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market.
• August 24, 2024, 01:15, August 24, 2024, 15:30, August 25, 2024, 01:30, August 25, 2024, 21:30 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• August 24, 2024, 06:45, August 24, 2024, 21:00, August 25, 2024, 10:15 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating SOL or entering long positions.
When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC+3.
SOLUSDT🔍 SOL/USDT Long-Term Analysis 📉
The SOL/USDT chart provides a long-term forecast, highlighting significant dates that may present key opportunities for strategic moves in the market.
• April 22, 2024 - Red Line: This date marks a potential significant peak in the market. Traders might consider this as a critical moment to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• March 16, 2026 - Green Line: This date indicates a potential significant low, offering favorable conditions for accumulating SOL or entering long positions, anticipating future growth.
Note: The exact timing of these phases can vary by +/- a few weeks. This forecast is based on the current long-term model and should be used in conjunction with other analysis tools to confirm market trends.
Traders bet big on US election with $345M in optionsMarket Update - August 22, 2024
Harris policy adviser talks digital assets: Speaking at a Bloomberg roundtable event, Kamala Harris policy adviser Brian Nelson said Harris will support policies to grow crypto and other emerging technologies.
Spot bitcoin ETF holdings total $4.7 billion: Goldman Sachs and Morgan Stanley invested in BlackRock's iShares Bitcoin Trust, among other ETFs.
Bitcoin crossed over $61,000 as volatility remains high: With the Federal Reserve's interest rate decision looming, traders are cautious about future price movements.
Tether has launched its USDT stablecoin on the Aptos blockchain: The move comes as Tether’s main competitor, Circle, announced that USDC will soon have tap-to-pay functionality enabled.
Traders have invested heavily in bitcoin options linked to the US election, with over $345 million in open interest: The majority of the interest is in call options, suggesting traders could be anticipating potential record highs in bitcoin.
The SEC has rejected Cboe BZX’s filings for two proposed spot Solana ETFs, citing concerns about Solana's classification as a security: The decision has halted the approval process, with VanEck and others still vying to launch Solana ETFs.
▶️ Read more here
⛰️ Topic of the Week: What is Mt. Gox?
SOLUSDT Rectangle Pattern FormationSOLUSDT Technical analysis update
SOL has been forming a rectangle pattern for the last 170 days. The price is now approaching the rectangle's resistance, indicating a potential breakout. If the breakout occurs, we can expect a strong bullish move in SOL, with the price possibly reaching $500 in this bull run.
In day chart 200 EMA act as a good support for SOL
A similar pattern formed at the bottom, where the price stayed within a rectangle for 280 days before breaking the resistance and surging 600%. We could see a similar move once the current rectangle is broken.
Regards
Hexa
Solana : WHICH WAY Could it go??Solana was one of my TOP PICKS for alts in 2024.
Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B:
This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to continue growing when the price of BTC starts another impulse wave up. My thoughts on that HERE👇:
Until then, don't lose hope just yet! December is usually a great time for the crypto markets.
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CRYPTOCAP:SOL COINBASE:SOLUSD
SOL - Flirting with support and resistance. SOL trades around $143.2, just above 4HR 50MA, however failing to provide a decisive break and retest of $143.5-$144… Being short since last week, I’m still expecting lower prices as my bearish bias is yet to be invalidated. Closing above $147-$149 could signal strength and would be my first bullish signal.
Solana shortFrom a technical point of view, it seems that Solana is losing an important support of the Ichimoku on the 3 daily chart.
From a "fundamental" point of view, instead, it seems that the Meme narrative is cooling off on Solana, with a shy try to rotate on Tron, and amid the progressive lack of interest of the community.
So, we guess there are all the ingredients for a juicy short.