SOL Potential drops -55% to $131? Here’s WhyBINANCE:SOLUSDT might be forming another right shoulder of a W-bottom (light blue line). The target drop is around $131, which happens to be the mid-point (0.5) of the descending channel—a reasonable support level.
The first right shoulder has already formed, and its drop was exactly the same as the left shoulder—both at -47%.
However, the best-case scenario would be if it finds support at the upper boundary of the descending channel. Let's see if it can hold there.
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Solana
Bullish Shark On $WIF's Monthly ChartI haven't really posted much on Carney's Harmonic Patterns, but as I was working on some material for The Litepaper, I glanced at dogwifhat's monthly chart and noticed it looked very much like shark pattern - but I wasn't even 80% sure. Had to pull out my notes.
Turns out, dogwifhat's monthly candlestick chart is a perfect Bullish Shark Pattern
AB = 0.982 of XA → Nearly a 1.0 retracement, which fits within the Shark's extended AB range (0.886 – 1.13 XA).
BC = 0.992 of AB → Deep retracement, typical of Shark formations where BC is 0.50 – 1.00 of AB.
CD = 1.147 of BC → Falls within the expected 1.13 – 1.618 BC extension for a Shark.
XD = 1.125 of XA → Bulls-eye confirmation—Shark patterns complete at 1.13 – 1.618 XA extension, and your 1.125 is right in that range.
Given Carney's rules, the targets are the 50%, 61.8% and full reversal of CD:
$2.67
$3.04
$4.83
Will be fun to see how it plays out.
If there's a dip below $0.40, then it's invalidated.
Best Level to BUY/HOLD BTC TP 105 000 USD Swing Trade Setup🔸Hello traders, today let's review 3hour price chart for BTCUSD . we are still
stuck in range since December, range highs at/near 108k, range lows at 90k.
however currently expecting fake breakdown of defined range before reversal.
🔸Bulls/Bears fight in the range is about to come to an end with a fake breakdown
of the recent/defined range, and prompt reversal and re-test of range highs.
🔸Bitcoin is stuck in unproductive range since December 2024, right now
drifting lower on autopilot, currently no viable trade since we are stuck.
Tech overshoot levels: 87 500, 85 000, 82 500. That's the levels we the probability
of reversal / throwback inside range is the highest.
🔸Recommended strategy: BUY LOW near tech overshoot levels 2/3 and exit/TP
near recent range highs, TP BULLS 105 000 USD. Best entry near 82500/85000 USD.
good luck traders!
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Always limit your leverage and use tight stop loss.
a/b/c/d/e/g BTC price fractal buy low tp 107 000 usd🔸Hello traders, today let's review 4hour price chart for BTCUSD . we are still
stuck in range since december, range highs at/near 108k, range lows at 90k.
🔸speculative a/b/c/d/e/g price fractal in progress. expecting breakdown of the
recent trading range with a subsequent throwback inside range and re-test of range highs.
🔸a/b/c/d/e/g fractal point a/c 92k, point b/d/g 107k, point e 83/84k.
similar fractal observed in march 2024 a/c 62k. b/d/g 72k, point e 57k.
🔸Recommended strategy: BUY LOW near liquidity OBs 83/84k usd, TP bulls is fresh overhead liquidity at/near 106/108K. expecting decent bounce in this market after pullback.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Solana SOL Is Crashing: End Of Memes Era!Hello, Skyrexians!
Recently when the BINANCE:SOLUSDT price was at $250 we warned you that it is going to reach $165 and after that we will see what will happen. Today we can see that price broke down this level and continue crashing. This is the bear market start for Solana, we have a proofs that it's enough for meme king.
Let's take a look at the weekly time frame. Here we can see the clear Elliott waves structure consists of 5 waves. Wave 2 hit exactly 0.61 Fibonacci, wave 4 - 0.38, like a textbook. At the very top we can see the bearish divergence on the Awesome Oscillator. This divergence is confirmed and tells us that wave 5 has been finished, we told you about it before Feb 3 dump.
The biggest bear market confirmation is the breakdown of support green area on Fractal Trend Detector , moreover the bars are red and it means that global bearish phase is in progress. Now we are struggling to point out any targets, expecting some bounce and the continuation of the dump below $100.
Best regards,
Skyrexio Team
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$SOL RSI Most OVERSOLD Since June 2023!Still no clear signals on CRYPTOCAP:SOL yet.
However, the RSI on the DAILY IS THE MOST OVERSOLD its been SINCE JUNE 2023.
I personally opened a long here.
Not for the faint at heart.
Could dip down to $133’ish and range between $146.
We DO NOT want to range too long in this area as you can see there has already been HEAVY consolidation.
Look for a V-Shape reversal trying to reclaim that ~$157 level for bullish confirmation.
Solana - Likely to hold the 50% level at $138Solana at $139
50% level from top 2021 to bottom 2022 is at 138. Most likely this is the bottom area and we should eventually bounce form here. If it takes days or hours is hard to say. But for the bulls this is the area to hold.
For the bears you want to break below and hold below for days.
Im bullish. Total 3 going down on low volume is also a bullish sign for the market. Im buying.
Are you buying?
300% gains BONK Best Level to BUY/HOLD swing trade setup🔸Hello guys, today let's review daily price chart for BONK. Outlook remains bullish currently pullback in progress, however buying low still is a perfect trade setup.
🔸BONK is one of the top rated solana meme coins. currently undergoing correction and still not complete, however risk/reward is shifting in bulls favor right now. we are close to the floor / reload zone for the bulls.
🔸Recommended strategy bulls: Price action contained within bullish channel. get ready to buy low near 11000/13000, TP is 33000/36000 +300% gain. BUY/HOLD setup for patient traders. keep in mind that BONK already got a heavy valuation, so do not expect miracle overnight gains.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Solana (SOL/USDT) Showing Bearish Signs – Further Downside 1DSolana (SOL) is currently displaying bearish price action on the charts. After failing to hold key support levels, the price has started trending downward, signaling potential further downside.
Large market participants appear to be interested in accumulating Solana at lower price levels. Current price action suggests that smart money is patiently waiting for a deeper pullback before stepping in with significant buy orders.
Potentially interesting entry points for Solana could be approaching very soon. With the current bearish price action, the market may offer attractive opportunities for buyers looking to enter at discounted levels.
SOLANA SHORT OPPORTUNITY Possible Solana short (5m TF)
Solana is still trending down on the higher timeframes, down on the very low intra day TF's and ranging on the mid intra days so good confluence all round for a short position.
Pull back on the fib would line up nicely with a previous LL which is now a resistance level which would create a nice rejection and push to the downside. Also not this area of rejection would also align nicely with the 50 EMA which would be an additional level for price to reject.
Overall many good confluences which could align nicely for a short entry. Let's see how this plays out. Again 1:3 RR on this as normal with the possibility to take partials and let 25% run to a further downside target of the major lows at $160
Will set a Limit sell for this, no need for manual entry on confirmation as all criteria should align nicely.
I must warn you SOLANAThis coin has a very similar structure to BTC, and the risks are very high since it has been sold at highs for a long time. It's obvious that this is a selling zone for large capital. But can it go higher? Yes, but the risk of being stuck with an asset for years that no one will need later is significantly higher
Using The Screener + My Indicator To Find Market Direction CluesTrading Family,
In this week's market update, we'll look for some clues as to where both our crypto and stock markets are headed using a combo of my proprietary indicator in conjunction with some basic filters for TradingView's stock and crypto screener tool. We'll talk about what this combo is showing us and we'll also discuss some of the lessons I have learned from trading with my newly implemented AI-created indicator tool. Hope you enjoy.
✌️ Stew
SOLUSD Megaphone bottomed. $205 min and $340 max Targets.Solana (SOLUSD) has been trading within a Megaphone pattern, which technically had the price bottomed on its Lower Lows 3 days ago. That bottom was also a 1D RSI oversold barrier (30.00) test, which is exactly where the December 22 2024 Low was priced.
Being below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line), the natural short-term Target is again the 1D MA50 at $205.00, similar to the January 03 test.
On the longer term, if SOL makes a 1W candle closing above the 1D MA50, we can resume buying and target the top (Higher Highs trend-line) of the Megaphone at $340, which is where the 1.236 Fibonacci extension is, exactly where the January 19 High was priced.
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SOLANA - Potential Reversal on the Horizon?SOLUSDT – Potential Reversal on the Horizon?
The market's direction remains uncertain, but a closer look at the chart reveals some key insights:
1️⃣ Previous volume candles have been completely wiped out.
2️⃣ A higher low formation is a possibility.
If you're not in a trade yet, consider waiting for a pullback and confirmation of a higher low before entering. However, if the price flips without a pullback, you may either take a position immediately or wait for a retracement before committing.
Always ensure you set a stop loss when entering a trade to manage your risk effectively.
REMARKS: DYOR
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck and have fun,
The CryptoSignalScanner Team
$SOL RSI Fully Reset! Could Very Well Have Seen the BottomI’ve been waiting a few days before posting an update on CRYPTOCAP:SOL to see if it forms a cluster that mimics the fractal before the Trump Pump.
So far it has been playing out perfectly.
I still think we might have a wick at the very least to retest $155, but it does not necessarily have to happen as we’ve already have some confirmed price action in that region.
Main target is reclaiming the DMA9 and then prior Trend.
The RSI has FULLY RESET, so we could very well have seen the bottom here.
solusdt long setup solana"🌟 Welcome to Golden Candle! 🌟
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