Solanausd
SOLUSDT : Setting Up for a BIG MOVEHi Traders, Investors and Speculators of Charts📈📉
Solana / SOLUSDT has some GREAT upside potential from this point, and SOL is no stranger to parabolic upside movements. We know this because:
✅ SOLUSDT Macro Cycle analysis shows Accumulation Phase
✅ SOLUSDT established a clear bottom
✅ SOLUSDT is currently trading rangebound AFTER bearish cycle has completed
✅ According to market cycle / phase analysis, the next step to follow is the bullish cycle
✅ Clear support zone & resistance zone -ranges can be identified by using Technical Indicators
With the help of two technical indicators ( Marty's Moving Averages & CryptoCheck FlipMO v2) we can confirm the conclusion made from the analysis of the chart's macro perspective : we are currently trading in range-bound accumulation phase. It's not ideal to trade in rangebound zones between support zone and resistance zone since this is the ideal place for stop hunt algorithmic trading bots to trade, often causing shakeouts.
Even thought the price may continue to trade range bound for a period of time , the next big market cycle is clearly the bullish phase.
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CryptoCheck
CRYPTOCAP:SOL BINANCE:SOLUSDT COINBASE:SOLUSD BINANCE:SOLUSD BINANCE:SOLUSDT.P BINANCE:SOLBTC BINANCEUS:SOLUSD CRYPTOCAP:SOL.D OKX:SOLUSDT.P KRAKEN:SOLUSD
SOLUSDT are you rdy ? 🧨😉Well, well, well.
We want to do Solana analysis together.
Solana will first have a short trend from 19 dollars and 90 cents. After we started the downward trend from 19 dollars and 90 and a half cents, our target price for shorts is 16 dollars and 20 cents.
Well, after our trend took the shorts and reached our desired target, the upward trend of Solana will start from this price. So, for the long trend, from 16 dollars and 20 cents, our target will be 38 dollars and 17 cents. This was Solana's analysis.
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 (SOL) formed bullish Gartley for upto 25.50% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Solana (SOL) coin with US Dollar pair.
Previously we caught almost 16% pump of SOL agains Bitcoin as below:
Now on a daily time frame, SOL has formed a bullish Gartley pattern for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
solana short idea Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
$sol continuation? Final target $111?Not going to lie. Today was a rough trading day for me.
After a full month of feeling in the zone and catching both upside and downside moves, I had a pretty large loss today trying to short the S&P thinking we'd go down (I mean to be fair, I was right premarket - down over 1% but didn't anticipate a bounce).
All that to say, the day made me reassess market structures across asset classes and I realized that the move down was just a fake out in a consolidation pattern and that we're likely to head higher. I was looking at smaller timeframes and while there were head and shoulders patterns all over the place, none of them materialized and the bounced higher off their downtrend lines. Then I zoomed out.
If you look at the chart of $SOL, it actually looks extremely bullish. It's been consolidating in a bullish flag since the middle of January and looks poised to break out. On top of that, it's consolidating outside of the downtrend line.
I think the final target of this move is $111 (or strech target $135 -50% retracement), and while I know that sounds extremely bullish (for me in a bear market), I think price can get there just because of how oversold it was and how that would take us into the midpoint of the breakdown. I don't think getting up there would be that crazy.
I took a position here at $24.60. Let's see what happens over the coming weeks/months.
Solana LONG | Does this make sense to you?BINANCE:SOLUSDT
Hello all, I hope you're doing well. :)
OVERALL METHOD EXPLAINED:
In this 4H Solana/USDT Chart, I went trough the overall trend (bullish up until some point in the chart), used the Fibonnaci retracement tool (usually I use the "Golden Area" as of guidance ,from my point of view it doesn't have to be very difficult), identified key areas of support and resistance, and drawed out some waves to help understand any possible direction reversal.
A LITTLE MORE IN DEPTH:
Price has been trading sideways overall since a while ago, not really forming a decisive direction.
Therefore at this point, and after dropping so low, it was able to sustain itself for a bit around the 17 range.
After (most recently) going on up until the 21 range and maintaining the price there, with all the analysis and specially regarding the waves and the fact that it is sustaining in the 21 range, the fibonnacci helps see the TP at 34.91 and SL at 15.46 , forming a RR of 2 , which I see as safe, since upon continuation of this possible reversal there's always the possibility of moving the SL to breakeven or etc. (according to each ones methods).
What is your point of view?
Will the price do as I mentioned, or similar?
Let me know, and give me a boost if this makes sense to you!
Have a great day y'all.
What kind of reward do Solana SOL holders expect?The price of SOLUSDT has weathered yesterday's "helicopters" in the cryptocurrency market quite well. However, it is still in a downward trend channel since the end of 2021.
It seems that only the most steadfast holders of Sol remained, who believe in the Solana project and will not drain the token under any circumstances.
And if we also take into account the fact that FTX is expected to resume operations in the second half of 2023 and early 2024 with a return of 50-70% of the lost funds, this may play a positive factor for the Solana project.
Here, we have described in detail how closely Solana was connected to FTX and related entities.
So, as of the time of writing the idea, it looks like $19.50-26.50 is the zone for accumulating long positions.
Above $26.50, a powerful upward momentum should be generated to break the downtrend. The first target for such growth is 42-47$ , as the upper boundary of a long-term liquidity zone.
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Still Long SolanaEveryone who was going to sell is out, - 90% off ATH. This thing is established and will be a big player in whatever stupid NFT video game whatever tokens start gaining traction. As you can see after the wedge break it hasnt moved, its flat lined. This is bottom or close. Not advise.
Solana offers us to get up to 22% profit from a single trade!Hello everyone! Today, Solana offers us the opportunity to gain up to 22% profit from a single trade.
As you can see on the chart, a symmetrical triangle pattern has formed, and after a sharp impulse due to the rise of Bitcoin, the asset has approached the strong Fibonacci level of 0.382.
It is possible to enter the position from this level, while also expecting a small correction of +- to the middle of the daily candle from the Fibonacci level of 0.382.
Take profit around the Fibonacci level of 0.618, which would result in approximately 22-23% profit.
This is not a financial recommendation, and everything you do is done at your own risk.
SOL - LONGCRYPTOCAP:SOL
this downtrend line has been in motion on #SOL for over 9 months now.
however, upon each touch at resistance, the resistance weakens.
right now, we are approaching the 5th tap at resistance.
IMO, we break free this time.
upwards ST targets at ~ HKEX:26 , ~ HKEX:38 , ~$48.
#SOLANA
SOL/USDTStill Range bound but I think this will unfold and go to the downside in the near future.
This kind of moves happen quickly and it's hard to get the perfect entry when they start.
So I'm starting to scale in here.
Sol to single digits this year.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
SOL has just flashed the strong bearish signal!Hello, traders!
Solana is following the Bitcoin and has also flashed the strong bearish signal on the 1D time frame.
After reaching the 0.618 Fibonacci retracement of the previous downside impulse price got rejection. Moreover it formed the true confirmed bearish divergence with the MACD, which is the strongest signal in technical analysis.
What about targets? I expect BINANCE:SOLUSDT price at $17 , which coincides with the 0.61 Fibonacci zone of the uptrend impulse.
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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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#SOLUSD - Get your Shorts On!#SOLANA was our trade of the day yesterday due to it netting a tickle under 70% gains in just 1 month! We've got a Short signal from Crypto Tipster v2 now..
Looks like #SOLUSD has once again been rejected by this upper trend line which would indicate a bearish move to the next level of support.
The great thing about this #SOLANAUSD Short trade, there isn't much support until a decrease of over 30% has been made, hitting a newly formed upward trend line and a previous level of SR simultaneously; this would be our TP.
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