Solana 2024 Mission- i am not really a pure fan of Solana because despites what they say " Solana is purely centralized by their own developers "
- that said they have liquidiy, nfts, some use cases, and well it's pretty fast and cheap fees ( when their blockchain works...)
- Everything is in chart.
- check older analysis here :
- Where will you be when SOL will take off ?
- Feel free to comment wisely and don't forget everything is purely speculative, so take it easy.
Happy Tr4Ding!
Solanaecosystem
SOLUSDT ShortAccording to the higher timeframes (4H, 1D), the price has been forming a rising flag ever since price touched the 26.2 support zone back in June. The price is now at the lower trendline of the channel, and it has formed another rising flag within the lower timeframe (15min, 1H).
I am anticipating the price will break out of the smaller timeframe channel, retest it, then break out of the larger channel retest it then maybe continue with the bearish momentum. My target is 22.0, which is a major support zone of this coin. So, for the next few days/weeks, let us monitor the price, wait for it to break out, and retest the zones so as to place our trades.
Entry price @32.0, Stop Loss @37.0, Tp1 @27.0, and Tp2 @22.0.
Remember, only risk 1-2 % of your account.
ZBC long for 50% profit!!!This could be absolutely gem! If btc ends actual correction and start climbing again this token can fly to the moon... In chart is decreasing volume, so big move should happen. Always use stop-loss!!
SL: $~0.03669
TP1: $~0.0540
TP2: $~0.06436
SOLANA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on SOLANA as price rejected an important area of institutional figure somewhere around 80.00 zone, a risk long entry should be from there. But a more conservative entry would be if price will go above the last highs that will shift the strucutre from bearish into bullish. BITCOIN is very bullish meaning altcoins could go higher because of that, fear/greed index and market seasonality tells us its the best time of the year to enter TRADES.
We also have a lot of bearish imbalances aka price inefficicency somewhere around 133 / 166 and price should be magnetized there
What do you think ? Comment below..
is the $130 a selling opportunity?I will draw the inverted chart after the 4th and 5th waves formed completely.
crab harmonic pattern:
X=$8
AB=0.61 XA
BC=0.38 AB
1.6 BC=$2.88
0.78 XA=$3
2 BC=$4.36
0.88 XA=$4.77
2.24 BC=$5.65
2.6 BC=$8.51
1.13 XA=$14.4
3.6 BC=$25.17
1.27 XA=$27.4
4.23 BC=$49.17
1.41 XA=$51.2
1.6 XA=$131.39
SOLANA the last dance- this could be the last run for SOL in this bullmarket, i always liked to stay preservative in my predictions, but SOL was something...
- if you stayed with me from the start when Solana was a few bucks, you already made a bunch of money, so don't be greedy and trade wisely.
- now Solana went down and retraced for a long period of time, because after touching the moon, it takes long time to come back.
- i will link in comments my SOL most interesting older analysis, i recommend to check them all to understand older moves.
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Trading Plan
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Buy zone 1 : 170-160$
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 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.
CIVIC making a base for the 2nd wave?butterfly harmonic pattern:
X=$8.59
A=$0.0049
AB=0.78 XA
BC=0.88 AB
0.78 BC=$0.568
0.88 BC=$0.955
0.78 XA=$1.74
0.88 XA=$3.67
1.13 XA=$22.61
1.6 BC=$42.77
1.27 XA=$65
1.41 XA=$181
2 BC=$311
1.6 XA=$855
2.24 BC=$1081
Velas: possible a great project yet undervalued1. Introduction
Maybe this is one of the big projects still in the initial phase.
Imagine investing in Solana, buying the SOL token when it was worth only pennies on the dollar.
Today it is worth $180...
2. Definition
Basically, Velas is a Solana-based blockchain that aims to simultaneously deliver Solana's speed and scalability, with EVM (Ethereum Virtual Machine) compatibility.
Ethereum is the largest DeFi ecosystem in the world.
This compatibility will facilitate mass portability of Dapps who want to take advantage of the resources of the Solana ecosystem.
VLX is the token used for transactions, payments, fees and Proof-of-Stake consensus, just as SOL is used in the Solana network.
3. Tokenomics
'Tokenomics are the economics rules of behavior and interaction of participants in the blockchain network'.
Total supply: 2,124,380,663 VLX
Circulating supply: 2,124,380,663 VLX
Inflation rate: -8%
4. Wallets
Velas EVM x Velas Native x Velas Legacy
a) Velas EVM --> is a wallet to interact with EVM applications (made with Ethereum technology).
Also used to exchange currencies for BEP-20 (Binance Smart Chain) and ERC-20 (Ethereum Mainet Chain) format.
b) Velas Native --> is the required wallet for staking, and applications written at the native level (Solana technology).
c) Velas Legacy --> is a wallet to interact with old exchanges or exchanges that have not yet migrated to the Velas EVM\Native
5. DeFi
The network already has an active DeFi.
On the DeFi Llama website, the blockchain has a TVL (Total Value Locked) of $31,166,653.
It is still at an early stage with only one Dapp: WagyuSwap , whose token is WAG .
By way of comparison, the Ethereum network has a TVL of $196.81b, and Solana has $11.79b
6. Graphical Analysis
For a more thorough analysis, I pulled Coingecko's past data.
We have a bullish parallel channel.
Plotting the Fibonacci retracement from the bottom of 0.03 to the top of 0.63, we can see that we are theoretically at a good buy point at the 61.80% or 50% resistance.
In a more optimistic scenario, the price could test this region of 61.80% and 50% and then rise again.
In a bearish scenario, the price could retest the channel at the bottom, and only then go back up.
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$SOL/USDT 4h (Binance Futures) Descending channel breakoutSolana has regained 50MA support and looks ready for bullish continuation, probably after a last retest!
Solana Ecosystem is growing a lot lately and definitely here to stay, more information on solana.com
Current Price= 146.557
Buy Entry = 144.673 - 137.327
Take Profit= 170.289 | 201.077 | 232.859
Stop Loss= 121.493
Risk/Reward= 1:1.5 | 1:3.07 | 1:4.69
Expected Profit= +20.73% | +42.56% | +65.09%
Possible Loss= -13.87%
Fib. Retracement= 0.618 | 0.887 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Solana Strategy- Did you notice that after the last run i stopped posting about Solana ? so here the reasons.
- if you followed all my Solana older analyses, normally you are rich already and no need to trade anymore, so maybe you are still trading for fun ^^.
Remember how violent was Solana Train, Brutal, raging like a formula 1 in starting blocks. But.....when a project makes a rush like that, i take my benefits and switch to another project.. one witch didn't start yet to move up.
- so now you have to remember the first rule of Fibonacci, " Everything going up, have to go down! ". i am not saying that SOL bull run is over yet but i can feel in movements some incertitude and a lack of power for now. SOL have to grow with BTC and if the power of SOL trend starts to be weak, it would mean if BTC dip, it will be a bloodbath, and you don't want to be there.
- i always do everything for free and try to protect my followers from a brutal REKT, i am here to grow peoples and learn also from the others.
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So this is my trade recommendation for SOLANA :
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- now have ABSOLUTELY NOTHING TO BUY, SOL is in a Triangle and the price is more closer from the downside.
- i do not recommend to buy between 150$ and 110$, it could be dangerous.
- if the triangle is broken up again, Buy SOL around 185$++ ( BUY BREAKOUT in Graph )
- if the triangle is broken down, Buy SOL around 100$ ( REBUY ZONE 1 in Graph )
- Keep some Juice in case of more Dip and Rebuy SOL around 65$ ( REBUY ZONE 2 in Graph )
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- TAKE PROFIT : before 335$ ish
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Stay Safe, Armor yourself with Patience and play Wisely !
i will post some of my older analyses in comments.
Happy Tr4Ding !
ATLAS/USD Star Atlas Support and ResistanceHello traders, this is my idea on ATLAS/USD support an resistance levels om the daily time frame.
1. Higher Low trendline.
2. Demand Area.
3. First Line of Resistance.
If the price holds the trendline we should see an attempt to turn resistance into support.
Rank #283
Volume 24H: $13,174,532
Thanks
POLIS/USD STAR ATLAS DAO support and resistance Hello traders, this is my idea on POLIS/USD support an resistance levels on the daily time frame.
1. Higher Low trendline.
2. Demand Area.
3. First Line of Resistance.
If the price holds the trendline and demand area as support, we should see an attempt to turn resistance into support.
Rank #311
Volume 24H: $5,638,148
Friendly reminder that POLIS and ATLAS are strongly corelated.
Thanks
Solana (Sol) Update 20/09/21: Solana New ATH, the road to $309 Solana (Sol) Update 20/09/21: Solana New ATH, the road to $309. Solana looks like one of those Alt-coins that will match BTC performance and may even outperform BTC in Q4 with an already explosive growth during the last 3 quarters. From here it is important to see SOL reacts to the ATH price price around $195 to $216. Since reaching a new ATH on the 9th September @ $216, Solana been struggling to regain enough momentum to break above the 78.60% since September 11th when Sol retraced by of 40% from $190 to $115. Sol has been consolidating in the range between $168 and $138 range for over a month (36 days). From here we can expect a break above the 78.60% and a retest of the ATH at $216.
Our current price Targets for Solana from the current price:
127.20% Fibs at $257 (50% Gain)
161.80% Fibs at $309 (78% Gain)
261.80% Fibs at $459 (166% Gain)
423.60% Fibs at $702 (305% Gain)
Please see previous analysis below. Happy Trading :)
9/09/21:
Just over six days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year. Within the last three days, Solana has gained over 49% in value, hitting our target at the 161.80% fibonacci level. From a quantitative, technical view It looks like Solana has topped. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target at the 161.80% fibonacci level @ $210 was met, the next target from here is at the 261.80% Fibonacci level (60% gain from current price level).
6/09/21:
Solana is now at a New ATH $154. The Solana Moonshot is clearly leading DeFi Summer. Three days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year, It has grown over 10% since then. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level).
Solana Update 03/09/21: Moonshot leading DeFi Summer, Solana is currently 5% from the $150 price target forecasted at the beginning of the year. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $118-144 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Please see previous analysis below. Happy Trading :)
We could see a $150 Solano very very soon, only 24% away from the 461.80% fibonacci extension . $150 Solano would mean If Solana had a market cap of $43.0B, 1 SOL would be worth $150.00. Since the buy signal triggered on the 3rd August with the 13EMA crossing up above the 50 SMA , Solano has grown over 400% in the past month. We forecasted a $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :)
Key Info on Solano:
It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.