SOL (SOLANA) PredictionG'day, guys.
Let's check about SOL crypto. Technically, SOL price stabilizing process is possible to price still dropping between 95 to 75 price for a longer period. Comparing between current BTC situations, clear indications of price stabilizing, profit-taking and buying are still on transactions.
We looking for the next regulatory release by FED and multiple government institutions toward the adoption of digital assets into the portfolio.
Let's see what gonna happen next.
Solanaanalysis
SOL : the art of the pamp : expand your expectationsSOL : the art of the pamp : expand your expectations
putting this out there so when it happens i can say i told you so
also gonna sell all my sol nfts at like 700usd, become a jillionaire, retire to my super yacht with several buxom young lasses. here i will hone my dj skills.
remember what happened in 17 with xrp contesting eths 2nd position for like 48hrs... thats gonna happen very soon with sol. or ada. but i think sol.
THIS IS THE WAY
LFG you degens
SOLANA the last dance- this could be the last run for SOL in this bullmarket, i always liked to stay preservative in my predictions, but SOL was something...
- if you stayed with me from the start when Solana was a few bucks, you already made a bunch of money, so don't be greedy and trade wisely.
- now Solana went down and retraced for a long period of time, because after touching the moon, it takes long time to come back.
- i will link in comments my SOL most interesting older analysis, i recommend to check them all to understand older moves.
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Trading Plan
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Buy zone 1 : 170-160$
Buy zone 2 : 159-145$
TP1 : 295-325$ ( Security TP )
TP2 : 450-500$
SL : under 120$
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Stay Safe and always follow TheKing for safety!
Happy Tr4Ding !
Solana(SOLUSD) IN CORRECTION - SHORT TO $102 or $78 The five wave impulse wave is shown in the 5 wave series (blue wave)
The corrective wave correcting the whole 5 wave is in action with a ABC correction
-------- ABC correction can be the following -------------
1) Zig-Zag
2) Flats
3) Triangles
This looks like a zig-zag correction so the zig-zag correction is a 5-3-5 correction and I believe it might end in 2 points
One at 61.8% retracement - $102
second one at 70% retracement - $78
Let's see which ones makes a turnaround, appreciate the feedback
SOL is due for a correctionHello Everyone,
Solana doesn't look in a great place at the moment.
It has just completed a Head n Shoulder with target 70 dollars. This also agrees with the Elliott Wave counting.
I will wait for 70 unless I see signs of reversal earlier.
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Solana Price Forecast 2022Solana currently remains in a stable downward trend. It is being affected by the bearish dynamics of the current crypto market and there are also rumours of security problems. Recently, the ecosystem had a failure which was thought to be a DDOS attack, but the CEO clarified that this was a congestion issue. To break through the downtrend, SOL must break through the key resistance level near $170. This is a dynamic resistance line of the descending channel and a powerful price level. In the past this level has acted both as support and resistance. Price could test the support of the descending channel around $ 110 and it may rebound from there.
2022 looks to be a promising year for Solana development. Bank of America recently stated that Solana could become the 'visa of crypto' due to its scalability , low transaction fees and speed. It is currently the fifth largest crypto by market cap it has been referred to as an 'Ethereum killer' Although concerns remain about its reliability and level of centralisation.
Solana: Finally Made It 👏 Solana has finally managed to touch upon the upper edge of the magenta-colored area between $129.9975 and $55.6400. Although it has shied away from entering it so far, we still expect the price to go lower and reach our provisional yellow trading-zone within the magenta area. There, wave in red should end and offer an attractive entry opportunity. Afterwards, we look forward to Solana taking off again and aiming for the resistance at $259.
However, if it decides not to linger below the $178 mark, there is a 25% chance that Solana could go for $259 earlier already.
Solana down to $120 as i described earlierAs discussed earlier, the price is moving down and now sitting on our first support zone. As this zone was previously hit, it is more likely for it to break so I would be very cautious about buys from where we currently are. Looking at moving into the 200MA and 320 EMA along with the demand zone.
Solana down into the $120 mark?From what we can see Sol has been trending bearish within a channel. The higher marked zone as acted as a very strong support once, however if we come back to it for a second time, it may not be as strong and be more likely to break. The lower zone we have marked which lines up with that $120 region, also has the 200MA and 320 EMA, which if we look back, have always acted as strong supports with the trending price. That can be a strong demand area for buyers.
SOL inside rising wedge#SOL/USDT
$SOL is trading inside rising wedge that is a reversal pattern and if price break the lower line of this pattern it can drop to parallel trend lines with upper line of wedge around support zone between $173 and $167.
but if #SOLANA price break the upper line, it will increase toward parallel trend line with lower line of wedge around $210 and $220.