Solanaanalysis
SOL Updated EW Targets/Wyckoff AccumulationHere's what I'm seeing on SOL right now for the bullish case
$167.67 Weekly FVG lines up with the 1.618 from Waves 1 + 3 and happens to land right on a very macro fib time
SOL Potential Re-Distribution LocallyThis is the other scenario I'm watching today over the next few hours - this could turn into a re-distribution. Obviously I would prefer if it went ahead with the accumulation but we may need to come down lower before we see a real spring
SOL Local WyckoffLooks to me like we're setting up the beginning stages of a distribution, or a re-accumulation. Here's the next couple steps. I'll update once we see how they shake out and let you know where I think it's headed next
SOL SOLANA Trade IdeaSolana has recently broken structure on the 4 hour time frame. We are currently seeing a lower low and the trend bearish, possibly reaching for previous lows at 93.53 and 91.13. This idea is for educational purposes only and not to be construed as financial advice. #sol #solana #solusd
Solana 2 of 2 Local Possibilitiesor... We continue up into this daily supply for the SOS on this larger accumulation
Solana 1 of 2 - Local PossibilitiesNow there's 2 possibilies I see from here. We either SFP this local SOS high and re-distribute, or.... (See related)
Solana Bullish Scenario EW & Wyckoff AccumulationI think this is the best case scenario for Solana right now on a larger time frame. It's worth noting that I'm not totally confident that it's going to play out this way, however it's worth noting these levels anyway because they will be significant eventually regardless
Check out my other posts for all of the potential scenarios I could see playing out
Solana EW & WyckoffThis is one of the possibilities that I like the most right now - C wave of the correction into the GP of the whole 5 wave impulsive structure, also the SOW on the distribution or re-accumulation (we'll see which one soon)
More Solana Dubious SpeculationThis one is the more bullish of the two because the AR would bring us up into the 170s before crashing back down. Again though I'm just messing around with the major macro fib time and some macro Wyckoff possibilities on this one
SOLANA ShortWe see Head & Shoulders pattern on Solana H4 chart, This coin had big uptrend, so now it's time to make some corrections. 83 level is the first target. Risk reward 1:3
Always expect a pull back to the scene of the crime. Solana is about to hit the first targets, I expect a slight pull back to the "scene of the crime" (yellow line) or lower to find some support/liquidity for the next move.
Solana Bullish Until February 20thThis is the bullish scenario for Solana right now
From here to 125.84 supply & extension on wave 1. that's gonna be wave 3. Either there or the 1.618 at 128.08
Afterwards we retrace back down to the top of wave 1 at 106.56 and from there make one last push up into this daily FVG at 146.16
$146.48 is also the bearish OB that broke structure causing the bear market and a major SFP
February 20th major macro fib time would line up with the top of wave 5
See comments for additional confluences
Solana back to 80?In a recent post about BINANCE:SOLUSDT I said that 80 should provide strong support for the coin and a resumption of the up trend is possible after the test of support.
Indeed, SolUsdt reversed from that zone and a rally started after.
However, the coin seems incapable of holding gains above 100 and, considering I expect a deeper correction for the overall crypto market, Sol should not make an exception.
In conclusion, I'm looking to sell rallies near 100 for this coin with a target at 80 support.
#SOL Waiting for confirmation downward trendIn time H4, as mentioned in the previous post, if it is not able to break the range of $100, it will correct to the range of $81. Therefore, at present, the important resistance barrier for the growth of the currency will shift to the range of $87.5. So, if it corrects upward, the range of the red box can be confirmed to continue the downward trend to the range of 72 to 68.75 and enter the sale transaction. In addition, if there is confirmation above the red box, the transaction will be reversed.
SOL LOOKS BEARISHSolana really has a bear makeup.
Now it has hit a supply, but it would have been better to reach the optimized range, then we could look for sell/short positions with much less risk.
We do not expect the sol to rise and our view is a bearish one. We expect to have specified targets on the drop chart.
Closing 1 daily candle above the optimized range will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
sell on orderblock📊Analysis by AhmadArz:
🔍Entry: 98
🛑Stop Loss: 100.58
🎯Take Profit: 95.92 - 92.91 - 89.75
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🚧Solana(SOL) can Drop ➖15%🚧🏃♂️Solana is moving near the Support line right now.
🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame .
🌊The structure of correction waves is Triple Three Correction(WXYXZ) .
🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Interesting Pattern on Solana!....What do you think?Solana has broken down out of a rising channel only to create a new channel.
Volume falling for 2 days.
What's next?
BINANCE:SOLUSDT COINBASE:SOLUSD
SOL SOLANA SOLUSD Update Jan 25 2024Sharing Solana update here from TTR:
I havent updated SOL since after I took nice profits on it.
Here is a potential wave 2 setup down, which should bottom around April or May.
It seems that ABC down is in play now, with A being in place on that 23rd Jan low, or it can be printed anytime now, not later than the end of the month or so.
The B wave is expected to hit around the middle of Feb, and the C wave down into the Apr low
- B wave target is 108-116
- C down should bottom at or below 68.50
I will update the bull targets when we are near the C wave low.
Everyone should be making money on all of our crypto updates; just don’t use any leverage and options!!! As the timing is always an issue, the best way is to accumulate when the price is going down at support levels and hold for the rally to begin.
SOLANA SOL COIN ANALYSIS AND NEXT POSSIBLE MOVES!!CRYPTOCAP:SOL Coin Update !!
• Support levels near me= (81$$-79$)-75$-67$-54$
• Possible scenerio in my mind🧠... Till Solana Coin Price Trade above 79$-81$ we are able to expect in next 2-5 days solana coin price touch 90$-95$-100$+.
• Otherwise price drop downword on there support levels that i mentioned above🙂.
FOLLOW ME FOR MORE FREE UPDATES !!
#SOL Continuing the analysis of the previous postConsidering that this currency is the favorite of many enthusiasts, I decided to share the possible Elliott scenario with you so that you have a better view of investing in this currency. In the last part of the movement of this currency in time H4, a complete cycle has been completed, and this last correction is a double zigzag correction. Therefore, this corrective movement can be planned in the form of a three-wave or wave 4, which can at least move up to its minor ceiling. Its classic pattern type is also the flag view.. So if it does not enter the wave range of a specified range, it can at least retest the minor ceiling.
pay attention:
Penetration into the range of wave 1 or overlap analysis will be invalidated
Solana to 25USDShort Position Forecast for Solana: Analyzing MACD and Trend Reversal
In the ever-evolving landscape of the cryptocurrency market, Solana (SOL) appears to be facing a potential shift in its trajectory. A comprehensive analysis, incorporating the Moving Average Convergence Divergence (MACD) indicator and recent trend developments, suggests that a short position might be prudent in the near future.
The MACD, a powerful tool for gauging momentum and trend strength, is exhibiting signs that warrant careful attention. As of the latest data, the MACD line has crossed below the signal line, signaling a potential bearish reversal. This crossover often precedes a downturn in price and is considered by many traders as a crucial indicator of shifting market sentiment.
Furthermore, observing recent trend patterns on Solana's price chart reveals a notable deviation from its established bullish trend. The market dynamics seem to be undergoing a subtle transformation, hinting at the possibility of a corrective move. This shift is underscored by key support levels being tested, adding credence to the notion that lower values may be on the horizon.
Investors and traders alike should be vigilant in monitoring these developments, as a confluence of technical indicators suggests a heightened risk of a downward price movement. It is important to exercise caution and conduct thorough risk management when considering any trading decisions.
In conclusion, the current conditions on the Solana market point towards a potential short position opportunity. However, it is imperative to approach such decisions with prudence and to stay abreast of any developments that may impact the market dynamics. As always, this analysis is speculative, and market conditions can change rapidly, necessitating a dynamic and adaptive approach to trading.
