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).
Solanalong
SOL , ABC correction.there is nothing much to say . just wait for the correction to be done. it's possible for SOL to react to 23.60% or 38.20% of Fibonacci , but 50% is much stronger support since it's on the channel line (white line) too.
so yeah guys , just wait for that , keep an eye on SOL .
our target is around 65-80 .
don't forget to like and follow btw...
Solana (SOL) : An Opportunity to longSolana is currently at a good demand zone and expecting a 10 - 20 % bullish wave from here... Better look for reversal structures or wait for a good green candle.
SOLANA - 20% Correction Happened as Posted HereWe knew a correction would most likely need to happen and it did happen.
Price is now 20% higher so let's take a look at the charts and what to expect next.
With Bitcoin in focus and Solana having huge potentil to stay at all time highs, we offer you our chart with 3 keay levels to buy from or buy-again from!
One Love,
the FXPROFESSOR
Check our previous idea below and how we went short with a textbook analysis and trade
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
$235 Price Target?let's see if our old pal Solana can hit $235 in the next couple days.
it's been making recording breaking gains for a couple weeks now, buy pressure keeps holding it at $175 range.
when it starts to move up beyond resistance points it goes UP, so i remain bullish af on this
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 Update 06/09/21: New ATH $154Solana 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 Update 03/09/21: Moonshot leading DeFi Summer 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 all time high, overbought state Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
Solana reached an all-time high at 103.062 breaking all of the old resistance lines, Why is this coin doing so well for itself? and what could be behind this movement?
The main reason why Solana is doing so well is that Solana has the highest per-second transaction among blockchains and the lowest transaction fees, people are realizing that by using Solana they will be saving a lot of money from transactions alone.
Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3, and more.
Now let's look at the technical analysis and price action for this coin :
Scenario 1 :
The coin price is trading at 97.437 right now almost hitting the first resistance line at 97.710, The bulls are gaining more power by each day as the market brings more cash flow and knowing that could push the price above the resistance zone from 97.710 - 101.220 which will lead into a breakout of that zone and a further push will happen leading the price to go near the 107.454 level.
Scenario 2 :
The market has been in the overbought state for the last 2 weeks and an RSI divergence has been found which could lead to a reversal in the market, and it will start when the Bears will push the price to the first support line at 90.750 where the main battle will happen between the Bears and Bulls and the market will move according to the winner if the Bulls were to win then we will see the price push back up to the 97.710 level again, And if the Bears wins then we could expect a second drop that's going to be headed near the second support at 87.300 or even the third support at 75.924.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Bullish sign)
2) The RSI has been trading in the overbought zone since Aug 14, And a divergence has been found between the market and the indicator which could lead to a reversal in the trend.
3) The ADX is at 87.42 showing that the market is super trending right now, with a positive crossover between DI+ and DI-.
Support & Resistance points :
support Resistance
1) 90.750 1) 97.710
2) 87.300 2) 101.220
3) 75.924 3) 107.454
Fundamental point of view :
On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New York firm hinted at giving institutional exposure to SOL markets as the token's value surged by more than 4,300% in 2021.
A day later, real-time data feeder Pyth Network announced that it is going live on Solana's proof-of-stake blockchain. The firm provides "high-fidelity streaming data" from trading firms and exchanges, which allows it to cover global market activity without depending on any single data source.
Pyth will use Solana's cross-chain communication protocol "Wormhole" to broadcast market data with decentralized applications functioning atop Ethereum, Binance Smart Chain, and Terra blockchains. According to Cointelegraph
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
SOLUSDT DAILY
in this chart we target the large range of support and resistance with the chanalized price which all can show the behavior of solana in the future.
🙀 SOLANA- first FOMO, now 55 or 49? 😱Solana has been the ALtcoin to discuss in the last few days and this is my second post on an asset that I do not hold or used to trade.
The first time I proposed a Sell on the asset I had 3 targets in mind and I ended up hitiing the first one before the market reversed upwards and Solana ended up having new all time highs now.
Nomatter what research I have done the past 48 hours I can not understand or justify why Solana is that expensive, with a marketcap of 23 Billion!
I see no particular adavantage on Solana vs Ethereum or Cardano, or even Polkadot not to mention there are another 6-7 similar 'technologies'competing for the same piece of the pie.
Is Solana going to be a firework or am i completely wrong?
Let me know but even if you don't, the market will reply to me and to you very soon.
----CHANGING MARKET CONDITIONS:
Some of you ask me why all of the sudden I post BUY and then SELL posts. Long and then Short.
Well, we need to understand changing market conditions and repetitive patterns. The way the market is NOW with no clear direction (market conditions have changed vs 2 or 3 weeks ago that we were only posting LONG ideas) and you all ought to look at set ups for both directions!
One of the real skills for a systematic rader is to understand when he/she needs to change a trading system or it's parameters, adapting it - or even abandon it all together.
So, with these said, if you find yourself confused and unable tom trade well these days , then please try HEDGING.
One Love,
the FXPROFESSOR
SOL/USDT - Potential Entry Into the Long DealHello, traders!
SOL continues the business cycle that began in early 2021.
At the moment, the price is near the bottom of the main trading range of $25.70 to $47.75 and is testing the uptrend.
Though SOL looks stronger than many altcoins, the price's retreat under the MA100 on the daily timeframe shows local weakness.
Therefore, you can look for buying in the range of $20.20 to $25.70 during the correction.
It is also possible to place an insurance order to buy in the range of $11.80-$16.50 in case of sharp sales.
The targets for such purchases will be the price levels of
$37,30
$47,75
$56,15
In order to reduce the risks, it is necessary to break down your entry into the position into several parts. You can also use a long stop loss if you reduce the amount of working money volume in the current trade.
P.S. This is an educational analysis that shall not be considered financial advice
Solana Next TrainAfter this china fud dip auto-repeat, it's time to go shopping.
no danger no glory like they said. Solana ecosystem is a monster.
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Trading Parts :
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- Buy Zone : 29-30$ (not all in!)
- Rebuy Zone : 25.15$
- TP1 : 36.5$ ( Security TP)
- TP2 : 49.5$
- No Stop loss for SOL, won't dip much, stack SOL better.
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Happy Tr4Ding !
Solana not care about Elon FUDsQuick update on SOL. When everything is dipping and SOL is Pumping it means only 1 Thing. When BTC will pump back SOL will M00n.
BTC have a small Market Dominance Right now so every BTC pumps will be more bargains on alts.
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Trading Parts :
- Buy Zone now 50$
- Rebuy Zone 45$ (Strong Buy there)
- TP : 68$
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Happy Tr4Ding!
SOL Strong BuyA flag has formed at the top of this bullish structure, indicative of a bullish continuation pattern
Breakout should be up out of the flag
SOL insane longGreen level is meaning. Price still can to consolidate at this region but soon after it could be drawdawn.
Watch
SOLANA SOLANA SO FAR FOLLOW AND RESPECT THE BULL MARKET STRUCTURE HHHL, THERE IS POSIBILTY FOR THE PRICE TO BREAK THE UP TRENDLINE ,BUT WE CAN SEE THAT THE PRICE MADE A COMPRESION NEAR THE LATEST HL WHICH CAN BEY THE KEY SUPPORT FOR THE PRICE TO BOUNCE AND CONTINUE THE BULL RUN
Price projection for next daily SOL/USDT scenariosTechnical analysis regarding the price of SOLANA in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
