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 !
Solanaecosystem
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.
Greetings
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Have a Nice Sunday everyone, and as usual Stay Tuned to get all the Latest Crypto News!
$SOL/USDT 4h (Binance Futures) Descending channel breakoutSolana has regained 50MA support and looks ready for bullish continuation, probably after a last retest!
Solana Ecosystem is growing a lot lately and definitely here to stay, more information on solana.com
Current Price= 146.557
Buy Entry = 144.673 - 137.327
Take Profit= 170.289 | 201.077 | 232.859
Stop Loss= 121.493
Risk/Reward= 1:1.5 | 1:3.07 | 1:4.69
Expected Profit= +20.73% | +42.56% | +65.09%
Possible Loss= -13.87%
Fib. Retracement= 0.618 | 0.887 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Solana Strategy- Did you notice that after the last run i stopped posting about Solana ? so here the reasons.
- if you followed all my Solana older analyses, normally you are rich already and no need to trade anymore, so maybe you are still trading for fun ^^.
Remember how violent was Solana Train, Brutal, raging like a formula 1 in starting blocks. But.....when a project makes a rush like that, i take my benefits and switch to another project.. one witch didn't start yet to move up.
- so now you have to remember the first rule of Fibonacci, " Everything going up, have to go down! ". i am not saying that SOL bull run is over yet but i can feel in movements some incertitude and a lack of power for now. SOL have to grow with BTC and if the power of SOL trend starts to be weak, it would mean if BTC dip, it will be a bloodbath, and you don't want to be there.
- i always do everything for free and try to protect my followers from a brutal REKT, i am here to grow peoples and learn also from the others.
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So this is my trade recommendation for SOLANA :
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- now have ABSOLUTELY NOTHING TO BUY, SOL is in a Triangle and the price is more closer from the downside.
- i do not recommend to buy between 150$ 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
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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.
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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.
Solana Will Visit $90.00 as Imperfection FitsSolana has claim to have the fastest blockchain in existense.
Starting on March 2020 and the register price at $25 on August 4th 2021. Skyrocket up to $200 in just a few week.
Now currently trading around $145 (when the article is written)
With the lowest average cost of transaction, perhaps SOL could be the next Ethereum as their build has a promising capability.
Grape Network raised with over $1.2 million from venture capital firms.
Solana, which is often billed as a next-gen “Ethereum killer”
—a faster, cheaper, more user-friendly version of the blockchain network that gave birth to programmable money
In the made for the perfection has come to the imperfection when its the price has to find the other symmetry to pair with the system
for the the developing price as for the ATH on above $200.
Yet we have seen the price has climbed so quickly, the price will still find its support for the stable base foundation.
The price of SOL is the price of development.
The price will not same to the development progress but the anticipation is there waiting for the system to be able functioning in real life project
as it got more than 400 project spinning alongside with the NFT.
As the anticipation rising, the price devalued gradually.
I am predicting the price will once visit $90.00 again after it reached its ATH at $200.
Stability is a must as the environment of the SOLANA it has once broke the system rules when it did not follow the Bitcoin and crypto rules due to the massive pump over time by massive hype speculative and investor.
Solana Update 21/09/21: Potential Corrective Move back to $99Solana Update 21/09/21: Potential Corrective Move back to $99. See previous analysis below. Happy trading :)
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).
Solana Idea. Big IncreaseKey area is the yellow square poised intitially above 1.618 in the first circle
Then the second yellow square is very comparable however this time it is above 2.618 in he second circle
Both can be also assumed to be at the .236 fib retracement.
Solana I expect, despite the memes, a project that will align nicely with Ethereum, a possibly act as a competitor.
~$2300
$LUNA/USDT 1h (Binance Fut.) Descending trendline break & retestterra.money is recovering pretty fast and seems to be forming a bullish flag, continuation is likely after a last dip.
At first it was only a DeFi token, now Terra has its own Ecosystem and is also part of Solana and Cosmos ones.
Current Price= 29.499
Buy Entry = 29.161 - 28.117
Take Profit= 31.473 | 34.318 | 37.732
Stop Loss= 26.363
Risk/Reward= 1:1.25 | 1:2.5 | 1:4
Expected Profit= +19.80% | +39.66% | +63.50%
Possible Loss= -15.90%
Fib. Retracement= 0.786 | 0.947 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Solana (Sol) Update 09/09/21: Solana New ATH $210Just 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).
SOLANA- At Some point There Needs to Be a CorrectionIt's the third time attempting to go short on SOLANA, one once it went well so far.
Price has soared, the Fomo is growing, the media have discovered it and everyone now knows it...
so it's time to be careful.
Check my previous idea with Tokens built on SOLANA and know that I prefer those at this stage than the SOL coin itself.
One Love,
the FXPROFESSOR