SOL/USD "SOLANA" Crypto Market Heist Plan on Bearish Side🌟Ola! Bonjour! Hi! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the SOL/USD "SOLANA" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a trade anywhere,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retreat.
Stop Loss 🛑: Using the 2H period, the recent / nearest high level.
Goal 🎯: 192.00
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Solanaprice
Solana Full Analysis Everything You Need to Know Afternoon Traders
So I break down Solana for you today as its shaping up our first tp is 189 that we are heading to however if we break past that 195 is a great next tp to get to.
In this video I go through the levels and why behind it to make sure you understand what levels to look out for when trading.
If you found this video helpful let me know with a comment, follow or boost. I appreciate it
Mindbloome Trading/ Kris
Trade What You See
At what price you are ready buy SOLANA in your invest portfolio?Probable wave analysis on the #SOLUSDT chart
The bottom of wave 4 has either already been formed or is yet to come.
Therefore, we have marked three points where you need to be as careful as possible when deciding whether to buy CRYPTOCAP:SOL or whether it is too early.
1️⃣ $120 - if the price does not go lower, further growth will be quite rapid, as buyers will show their strength.
2️⃣ $90 - a stop of the falling in a strong liquid zone, which can be "considered a prudent buy zone".
3️⃣ $70 - this is where the price can reach on panic sales, liquidations, and stop losses.
Interestingly, the calculations show that wherever the #SOLUSD price falls, t he chance of growth to $650-670 is the same from the three points, it's just a matter of time.
So, what price will you choose to buy #SOLANA?
Solana Weekly Analysis Here's the corrected version:
Solana has demonstrated its strength in this bullish market, showcasing a long accumulation phase from Mon 30 May '22 to Mon 30 Oct '23. Subsequently, the price began breaking highs directly to $200, marking a 2500% increase from Mon 26 Dec '22. It's been quite a volatile market, and I believe Solana has the potential to become one of the leading blockchains in the next few years.
In the technical analysis, we observe the price starting to drop as buyers from the accumulation phase begin taking their profits. Additionally, there's market anxiety due to geopolitical tensions and rising inflation. However, this decline is healthy, as it provides an opportunity for new buyers to accumulate Solana and potentially drive it to new all-time highs.
The optimal price point to buy Solana is in the sweet spot below the 50% Fibonacci level, indicating a discount area for accumulation.
SOL → Which Way Solana? Let's Answer That Question With a Chart.Solana is at a crucial decision point; fail to break resistance or rocket to the next level? Right now it's failing to get back into the bull channel, but hasn't yet broken to the downside.
How do we trade this?
If you're not already in a trade, wait to enter one! For a long, we need a test of Support at the 30EMA, or a break of the Previous Resistance line followed by a support test and confirmation. To short, we need a failed breakout attempt of Previous Resistance and preferably, a confirmation bear candle closing on or near its low below the 30EMA.
Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit.
Trade Idea
Short Entry : $48.00
Stop Loss: $54.15
Take Profit: $35.70
Risk/Reward Ratio: 1:2
Long Entry : $73.00
Stop Loss: $107.00
Take Profit: $61.65
Risk/Reward Ratio: 1:3
Key Takeaways
1. Bull Channel, Bias to Long.
2. Bear Breakout, Watch for Sell Signal.
3. Still Above 30EMA, Watch for Support.
4. Do not Long until we break Previous Resistance.
5. RSI at 61.00, below Moving Average. Supports Short.
You are solely responsible for your trades, trade at your own risk!
If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Solana Getting Ready for a Dump? Here's How to Trade This!Solana pulled back to the bull channel support after ripping to $68.00. We're seeing some strong bull channel support at $51.00, but is it enough to continue the trend? There are a few ways we can look at this chart, let's explore.
How do we trade this?
Entering a trade at this level is weak. Bull channel support and the previous resistance levels are very close to the current price and we don't have a strong signal either way. It's reasonable to be biased toward a long since we're in a bull channel, but we have not seen a strong confirmation bar. Bitcoin, as a leading indicator, is also failing to break Weekly resistance and is signaling a pullback, which may impact Solana's ability to go up. RSI is also around 60 and while not a strong indicator, gives us *some* bias toward the downside.
We need a sell signal at resistance, or a strong buy signal on bull channel support with follow-through before entering a trade. A reasonable stop loss for a long is below the bull channel support or below the 30EMA and above the previous resistance if we're shorting. The bottom line, we need a little more price action before rushing into a trade.
Key Points
1. Bull Channel, Look for Long Entry.
2. Near Previous Resistance.
3. Wait for a sell signal at Bull Channel Resistance.
4. Wait for a breakout of Previous Resistance.
5. RSI is near 60, Bias toward the downside.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
SOL 4HR Analysis - Will the Bull Channel Breakout Continue!?Solana has broken out of the 4HR bull channel and is beginning to pull back to the channel top. Contact with the channel top is a crucial moment in deciding which direction the price is likely to go. A bull signal bar followed by a 4HR confirmation bar (bull bar closing near its top) is what we're looking for to remain long. A bear bar closing near its low below the channel top gives us the inverse indication, that the price will pull back into the channel.
Key Points:
1. Bull Channel means we should Always be Long.
2. The channel breakout needs to be confirmed
3. There is a gap between current price and 30EMA/200EMA
4. Bitcoin has touched Weekly Channel Resistance
5. RSI is overbought. A weak indicator on its own, but supports #2-#4
Wait for the confirmation in either direction before trading this. We need more information before we can adequately manage a trade with good probability.
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
Another Bolish position for Solana ...Another head and shoulders pattern on Solana's chart...and the possibility of another rally for Solana to around $32.20 .
In the previous analysis, Solana reached exactly the predicted growth with a similar pattern...
Everything is ready to increase the price of Solana.
Solana: Off you go! 🙌Quite commendably, Solana has placed the low of wave ii in orange in our target zone and has started the expected ascent. Now, the altcoin should keep up this trend to make it above the resistance at $26.55. This should provide our crypto friend with further upward momentum, which should help Solana to reach the next goal: the orange zone between $46.05 and $64.63, where wave iii in orange should end.
Solana: Check! ✔️✏️As planned, Solana has worked its way through the turquoise zone between $22.45 and $17.82 and completed wave 2 in green. Now that this to-do is checked off, our crypto-friend should gather some upwards momentum, which should propel it out of the turquoise zone and further northwards to finish wave 3 in green. However, there is a 20% chance that Solana might not be able to activate the necessary drive and thus slips below the support at $16.01. In that case, we would expect the altcoin to develop a new low in the form of wave alt.ii in orange first before heading upwards.
Solana (SOLUSDT) Price AnalysisPrice has been consolidating near the support level for a few days. The support level of $19.65 also represents Fib 0.618 level. If price breaks above the consolidation zone with Volume greater than Volume-21MA, we might see price moving to HKEX:27 which is also Fib 1.0 level. If the price breaks above HKEX:27 , we can see it moving to $38.65 (Fib 1.618).
If price breaks below, the support level of $ 19.74, next support level is $17.5.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
#Solana in a Rising Wedge, Cooling Off After a 2X SurgePast Performance of Solana
Solana remains within an uptrend. However, from the daily chart, prices are struggling to pump higher with the same strength as before. As it is, SOL has support between $20 and $22 with a clear upper limit at $26. Per this setup, the uptrend will be valid only if SOL surges above last week's highs with expanding volumes.
#Solana Technical Analysis
After a near 2X rally from December lows, SOL is cooling off. However, the uptrend remains and will be the case as long as the coin is above $20. Presently, prices are in consolidation, rising within a wedge as lower lows print relative to the upper BB. Based on the SOL candlestick arrangement and the flat-lining of prices in the past few sessions, traders can wait until there is a breakout below $20 or above $26 before committing. Losses below $20 may see SOL drop to $16, the 78.6 percent Fibonacci retracement level of the December to February trade range.
What to Expect from #SOL?
Amid the recent consolidation, traders might look to exit their longs. Whether they would double down depends on the reaction at the above-mentioned reaction lines. Losses below $20 would see Sol drop even lower in an expected retracement. Conversely, a bull breakout above $26 may lift SOL to new Q1 2023 highs.
Resistance level to watch out for: $26
Support level to watch out for: $20
Disclaimer: Opinions expressed are not investment advice. Do your research.
SOL positioned for breakout! (mobile phone releasing early 2023)Right shoulder is above the head and is primed to move through that ascending channel into a range of $26 USD. Don't be surprised if we achieve that before midnight Sunday. Be enthused when you see it back at the $30 USD mark. Sell pressure has waned for a reason. Fundamentals are out, Solana Mobile is releasing the worlds first and only crypto phone & every SOL based project is making a push to be in the dApp store. The major caveat being the SEED Vault.
A SEED is like having a phone in a phone. Your passwords & seed phrases are essentially air gapped. No one can access your SEED Phrase. No malicious third party can use an ad network too violate permissions. Thus making the phone & your Solana Quantum proof.
This isn't an ad, i'm not sponsored... i own a developer test kit model so i could beta test GRIZZLY HACK-A-THON projects. For the past two weeks it's given me overwhelming confidence to UP UP UP my SOL bags. No other chain has a 512 GB phone or a Quantum seed vault. Holding Solana is like holding Tesla stock pre-split. The business venture is backed by Google & Android.
EoY prediction for SOL:
$1355 USD is what i have personally set targets for on a per unit basis. No price prediction target forecast genuinely factors in the Solana Mobile venture.
The phone is ideal for .... "Blockchain Gaming", "Solana Pay", & NFT/credential storage
An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea.
The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token.
USD 15.54 Billion
The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. In 2021 North America was attributed to 52.8% of global volume.
DYOR | Not financial Advice
Solana SOL price will reach $31, the only question is how)Now, SOLUSDT buyers have one goal: to push the price as close to $31 as possible. There is a powerful liquid zone there, which is pulling the SOLANA price towards it like a magnet.
The only question is which way they will go there:
If they can confidently fix the SOL price above $23, then the blue route is realistic.
If buyers relax even for a second, sellers will become more active. They need to defend their short positions, which were gained on the "negative news around FTX and SOLANA." As a result, the red scenario and the drop of SOL price to the $13-15 range
Which scenario do you prefer, and which is more realistic in your opinion?
_____________________
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#Solana consolidates after dumping 65%, Resistance at $14.8Past Performance of Solana
There are glimpses of hope for Solana. However, SOL is bearish, and there needs to be a price action for this preview to change. As an illustration, the coin is down 65 percent from November highs at spot rates. Besides, despite gains across the board on December 8, SOL prices are within a bear-engulfing bar in the daily chart.
#Solana Technical Analysis
From the daily chart, Solana prices are under pressure. SOL stabilized on December 8, edging higher. However, the December 7 bearish engulfing bar defines the short term. Resistance is at $14.8, and bulls must break above the current consolidation for the uptrend to take shape. Ideally, if SOL edges above this week's highs, the coin could expand to correct the undervaluation of November 10. In that case, SOL bulls can target $18.1. Losses below $12.9 will invalidate this bearish preview.
What to Expect from #SOL?
Solana is plagued by their exposure to FTX and projects losing confidence in the network. The combination of these events could slow down SOL's uptrend.
Resistance level to watch out for: $14.8
Support level to watch out for: $12.9
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Solana in a Breakout Despite SOL Cool Off, Support at $30Past Performance of Solana
Solana's performance has been exemplary over the weekend. From October bottoms to last week's peaks, SOL rose nearly 40 percent. However, notable gains were seen on the past three days when SOL broke above critical resistance levels in the past two months, breaking above $35 with decent trading volumes. At spot rates, SOL buyers are still in control despite today’s losses. Therefore, as long as prices are above $30, every low may be a loading opportunity for aggressive bulls.
#Solana Technical Analysis
Solana bulls are confident. Even though there is a cool-off, clear from the SOL daily chart, the uptrend is firm. Cementing this preview is the relatively low trading volumes accompanying sellers of November 6 and 7. Besides, prices are within the November 4 and 5 high volume bull bars. Therefore, in a bullish continuation formation, the coin could have more upsides. As such, aggressive traders can buy the dips, targeting September highs at around $40 in the short term as they expect SOL prices to recover after Sunday's losses. Further gains could see the coin soar to retest August 2022 highs at around $50. On the reverse side, losses below $30 would nullify this preview, swinging price action to favor sellers.
What to Expect from #SOL?
Overall, Solana is bottoming up after sharp losses in the last year. As it is, SOL buyers are resilient, and prices could begin floating higher in Q4 2022 in a welcomed recovery. Subsequently, astute traders may plan to ride the uptrend, expecting a retest of Q3 2022 highs.
Resistance level to watch out for: $40
Support level to watch out for: $30
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Solana Pulling Higher from September Lows, SOL Might Retest $38Past Performance of Solana
Solana losses have been profound and rapid, reading from the formation in the daily chart. As an illustration, SOL prices are down 88 percent from 2021 peaks and technically remain under pressure despite gains of October 25. At spot rates, the coin is up four percent and pulling away from 2022 lows, adding 18 percent in four months.
#Solana Technical Analysis
Higher highs relative to the lower BB point to a possible shifting momentum. However, trading volumes of the past four to five trading days have been low, meaning these upsides might not be with higher participation, an indicator of apprehensive traders. All the same, this can change, especially if there is a decisive break above the dynamic resistance line, the middle BB, confirming gains of the past three trading days. In that case, traders can load the dips above $27, last week's lows, targeting $38, or September 2022 highs.
What to Expect from #SOL?
SOL is riding the crypto revival, possibly impacting sentiment. As it is, the bullish engulfing bar of October 25 may be the foundation for a leg up toward September highs, an opportunity for aggressive traders.
Resistance level to watch out for: $38
Support level to watch out for: $27
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Solana Prices Consolidates, SOL is Firm above $30Past Performance of Solana
Like the rest of the markets, Solana prices are depressed. The daily chart shows SOL is within a bear formation, interpreted from a top-down preview. Although bears are in control, prices are inside a bull bar, at least in the short term, and firm above $30, a strong reaction point and support.
#Solana Technical Analysis
There are flashes of strength, reading from how prices pan out in the daily chart. Despite these markers of strength and rejection of lower prices, sellers dominate from a top-down analysis. Even with SOL accumulating, the immediate trend is southwards from an effort versus result analysis. In the meantime, gains above $33, on the back of rising volumes, may see SOL expand to $35 in a welcomed reprieve. This formation will, most notably, confirm the gains of August 29, laying a base for a possible recovery to August 2022 highs of around $50.
What to Expect from #SOL?
SOL is at around the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. It is a typical level from where most crypto prices historically bounce after deep retracements. Whether this will be replicated depends on whether SOL bulls hold above the immediate support at $30.
Resistance level to watch out for: $33
Support level to watch out for: $30
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Solana is Down 75% from April highs, SOL Support at $32Past Performance of Solana
Solana is freefalling when writing, dropping 75 percent from April 2022 highs and approximately 30 percent from August highs. The liquidation at spot rates reflects determined sellers, heaping pressure on the coin in a bear breakout formation. At this pace, it is highly likely that SOL bears may unwind the relief gains from mid-June to early August.
#Solana Technical Analysis
Yesterday's losses reaffirm the strength of bears and the strong liquidation pressure when writing. Per the formation in the daily chart, SOL is within a bear breakout following losses on August 19. The bear engulfing bar had high trading volumes. It was a break-away candlestick signaling a shift in momentum favoring sellers and continuing the trend from early April. The immediate support line, and bear target, is at $32. Further losses could see SOL tank to 2022 lows at around $26. If sellers press on, Solana may easily break to register new 2022 lows, forcing the coin towards $22 and $16.
What to Expect from #SOL?
The sell-off across the board is exacerbating the situation in Solana. Combined with fundamental factors, the SOL drawdown could be accelerated. Currently, traders are watching how prices react at $32, projecting more doom if there is an effortless slide below the critical support.
Resistance level to watch out for: $40
Support level to watch out for: $32
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Solana in a Rising Wedge, Primary SOL Resistance at $44Past Performance of Solana
Solana might be down 75 percent from April 2022 highs but has since recovered, rallying 31 percent from 2022 lows. There are hints of strength following the rejection of lower prices on July 13. At the back of expanding trading volumes and wide-ranging prices from around a critical support trend line, SOL prices might bounce higher in the immediate term.
#Solana Technical Analysis
From the SOLUSDT candlestick arrangement in the daily chart, sellers have the upper hand. However, the rejection of lower prices with rising trading volumes from the support trend line at around $34 indicates strength. Technically, risk-off traders can load the dips, targeting June 2022 highs of $44. Meanwhile, conservative but bullish SOL traders can wait for a clean break above $44 before buying on dips with targets at $60. Any reversal with rising participation levels below $34 nullifies this forecast, paving the way for sellers set on retesting 2022 lows of $26.
What to Expect from #SOL?
Solana prices are within a rising wedge as per the formation in the daily chart. With prices reversing from a critical support trend line and bouncing from 2022 pits, prices may inch higher in the short term. Still, a clear trend definition depends on the breakout above $44 or a dump below $34.
Resistance level to watch out for: $44
Support level to watch out for: $34
Disclaimer: Opinions expressed are not investment advice. Do your research.