Solanaanalysis
SOL - Fuel Availability AssessmentAt this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point.
I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue.
I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable entry point. If an "OB" breakout occurs, I will switch to capitalize on the prevailing trend.
Conversely, if the bears show resilience and form a downward trajectory, I will position myself appropriately within the downtrend.
SOLANA Traders.....Have you ZOOMED OUT lately? SOLANA has switched from a Bull Channel to a Bear Channel.
We're now on the 7th day of this new bear channel.
RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023.
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SOLANA UPDATES Price is dipping, Observation of the price is on Sign of weakness, Im expecting price would manipulate the previous high , for buy OP on CRYPTOCAP:SOL look for demand zone being noted.
130-169$ is top? what you all think? Trade it or Hold it.
This is not a financial advice, CRYPTOCAP:SOL is on distribution above atleast 130$.
Follow for more ..
Congrats who short it.
SOL trade in best zones📊Analysis by AhmadArz:
Entry in high & low levels
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Solana Re-Accumulation - Look out for the spring!Watch this re-accumulation, the spring should take out the SOW low and bounce back hard. A spring should be a fast manipulation move meant to take out all of the liquidity before moving back the other way. If it doesn't bounce back fast, it's invalidated! Keep an eye out for it and if you play your cards right, you get a fantastic entry for the next move
SOLUSDT.1DBased on the provided market data, it appears that the SOL/USDT pair is currently in a bullish market. This is indicated by the Relative Strength Index (RSI) values which are above 70 for the 4 hours, 1 day, and 7 days frames, indicating that the currency is currently being overbought.
The Moving Average Convergence Divergence (MACD) values are also positive in these timeframes, suggesting that the bullish momentum is strong. However, the MACD values are higher for the 7-day timeframe than for the 4-hour and 1-day timeframes, suggesting that the bullish momentum may be stronger in the longer term.
The current price of SOL is 131.48 USDT, which is below the Bollinger Band (BB) values for all timeframes. This suggests that the price is not overextended and there may be room for further growth.
The support levels are lower than the current price, with the closest support level at 118.24 USDT for the 4-hour timeframe, 11.11 USDT for the 1-day timeframe, and 80.20 USDT for the 7-day timeframe. This indicates that there is a strong level of buying interest below the current price, which could provide a safety net if the price were to fall.
The resistance levels are higher than the current price, with the closest resistance level at 141.53 USDT for the 4-hour timeframe, 154.0 USDT for the 1-day timeframe, and 160.0 USDT for the 7-day timeframe. These could be potential targets for the price in the near future.
In conclusion, the technical analysis suggests that SOL is currently in a strong bullish trend with potential for further growth. However, as always with trading, there are risks involved and it is important to consider other factors such as market news and sentiment. Please use this analysis as part of your broader research before making any trading decisions.
SOLANA to 120??New week, same old opportunities..
Based on the chart, we are still in a bullish cycle, SOL has just completed a correction to complete wave 4, so from here we are expecting the price to go up, in order for wave 5 of wave 3 to be completed, then we will follow what the market price gives us.
For now ride the wave to the ATHs.
SOLANA UPDATESThis is only my Point of view before we can go higher! first leg must have confirmation, or the 2nd leg too, First target would be the first high 126$ if price keep pushing we might see 143-166$.
This is not a financial advice, trade it or own it.
Follow for more! I dont have reason to short for now. But were heading to march month, that month would be the wild volatility if im correct.
Long Position on SOLUSDTAnalysis:
Bullish Divergence in RSI: A bullish divergence is observed in the Relative Strength Index (RSI), indicating potential upward momentum.
Stop Loss Protection: The Point of Control (POC) from the volume profile can be used to protect the stop loss, providing a key support level.
Take Profit Levels:
TP1: Set the first take-profit level between the 23% and 38% Fibonacci retracement levels.
TP2: Place the second take-profit level between the 50% and 61% Fibonacci retracement levels.
TP3: Target the third take-profit level at the 78% Fibonacci retracement level.
Use of Gray Rectangles: Gray rectangles, derived from open interest and representing areas with the highest volume, are used to set the take-profit levels.
Trade Plan:
Entry: Consider entering a long position based on the bullish divergence observed in the RSI.
Stop Loss: Protect the trade with a stop-loss order placed below the Point of Control (POC) from the volume profile.
Take Profit:
TP1: Close a portion of the position at the first take-profit level between the 23% and 38% Fibonacci retracement levels.
TP2: Take additional profits at the second take-profit level between the 50% and 61% Fibonacci retracement levels.
TP3: Target the final portion of the position at the 78% Fibonacci retracement level.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
I see a negative scenario for SOLANA, will we drop below $100?Hello everyone!
I want to warn those who have open LONG positions on #SOLANA. In the local perspective, we can expect a decrease in the asset down to $92.5 as a head and shoulders pattern has formed on the 1-hour and 4-hour timeframes.
The situation is also negative on the daily and weekly timeframes. Since the last local price high on February 14th, I have been seeing selling pressure. The week also started negatively.
However, the drop may not be as deep, as we have support in the form of the 200-EMA and the strong Fibonacci 0.236 level, which is at the round number of $100.
Therefore, I believe it would be wise for those trading with leverage to reduce their positions, and for those with extra funds to place buy orders at the following levels:
$100
$96
$92.5
In the global perspective, after this correction, I expect growth towards $150.
This is not financial advice, everything you do, you do at your own risk!
SOL Analysis - Anticipating Correction and Long Position Plan!📈 Price Movement:
Rejection: SOL was rejected around $120 last week.
Retracement: Since then, it has retraced to the current trading price of around $107.00.
Support Level: The $105.00 level is holding as support.
💼 Trading Plan:
Potential Correction: Anticipating further market correction in the next week, possibly testing the bottom range level of support at around $94.50.
Long Position: If the price retraces to $94.50, considering a long position.
Profit-Taking: Plan to take profit in the $140 – $150 resistance area.
Risk Management: Set a stop-loss just below $90.00 to manage potential losses.
🔄🔍 Note: Keep an eye on market developments and adjust the plan accordingly. 🚀💡
#SOL #CryptoTrading #PriceAnalysis 📊📌
SOL after the bounce from the support zone will go to $127SOL after the bounce from the support zone will go to $127. It's the completion of the flag pattern
🔵Entry Zone 107.32 - 110.70
🔴SL 104.53
🟢TP1 127.00
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Better days are coming for Solana.If you take a medium-term look at the Solana chart (4-hour or daily), you'll see a very impressive flag formation. Flag formations are usually indicative of an upcoming upward movement, with the condition that our flag's upper resistance needs to be broken for the rise to occur. In this chart, you can observe two different buying approaches. The first way is to make a purchase when the flag is broken, or as a second approach, you can wait a bit longer and buy when it reaches the range of 77 to 78. There is no reason to buy at the current level. Please be patient; money will come to you eventually. Good day and profitable trading.
SOL :Analysis combined with strategy training📊 There are three golden points hidden in this analysis and position, which were designed according to my own strategy.
Tips: 🎯
First point: 1️⃣ When the trend line breaks from the ceiling, it is better to wait for a pullback.
Second tip: 2️⃣ When we are in a strong upward trend, we should wait for its second leg.
Third point: 3️⃣ from where the powerful candle started, wait to return to the previous broken candle.
🎖️ These tips have been backtested and livetested over several years and this strategy has been prepared, so look more carefully at the previous analysis.✨
SOL 4HR REACCUMULATION Solana has almost left it's 4hr reaccumulation trading range.
The expectation now, if it is to continue bullish will be a break of structure to the upside,
a short continuation above the BC(buying climax) and AR(automatic rally) before a slow pullback to mitigate the AR area.
If solana achieves these steps we will expect an explosive move from the AR region on the lower timeframes and a large move on the 4hr to at least $144.
We must bear in mind that all of these steps need to occur and that there is no guarantee that the "composite man" will not initiate a sharp move back down into the trading range to shake out more retail.
We also must consider the monthly, weekly and daily possible targets and the supply regions on these timeframes. There are so many factors to consider because so many unmitigated areas and liquidity zones remain below the trading range.
We must be mindful that traps are how the big players take us out so wait for these traps to occur before we enter in line WITH these big players. To be too early or too late is going to be a loss. Watch the institutional candles and enter after the mitigation of these.
Don't chase the pump or you will be the liquidity to fuel their move higher. For now their intention is up once they break this structure upwards. As always, wait for their moves first, keep risk low and remember this is their business and they do not want you to participate. Taking all retail out to fuel their moves is how they play. Always backtest Wyckoff thoroughly before trading it.
#SOL #SOLANA Technical Analysis & Trade IdeaSOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress.
Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup through a daily timeframe #SOL price swing that aligns with the Fibonacci level. Place a stop-loss order below the previous swing low, adhering to a minimum risk-reward ratio of 1:2.
Disclaimer: This analysis serves as an informational resource and does not constitute financial advice. Conduct your own diligent research and thorough risk assessment before executing any trades.