Solanausd
Textbook Impulse Wave, ABC Correction to Follow?Long SOL for the future, but can't deny that it currently looks like a textbook impluse wave with a possible ABC correction incoming. Will be buying in the $30-$40 range.
solanawe break triangle but i thing we take liquidite and go again to triangle to very strong resistenc between 106 and 104
SOLANABull flag on weekly, but I have my doubts this breaks out unless entire crypto market pivots. Could be merely a technical bounce here both on previous top from last May + bottom of weekly descending wedge. There's decent r/r on a bounce attempt for $100 which is a psychological level as well as where there was indecision (doji) 3 weeks ago.
Scenarios I see from here...
(a) Short term bounce back towards $100 + attempt at breaking wedge
(b) Wedge breakout + $140 test
(c) Chop + markets get bloodier over the next 2-3 weeks and we get some acceleration to the downside, in which we could get some serious capitulation where I'd be a buyer around $20-30 if it hits (flexibile with this)
(d) More blood ASAP, free fall
I think the most likely scenario is to be (c) but there could definitely be a short-lived bull rally, which I would not personally trust continues higher, rather fades and tests the lows here again. I have no position, and am open to any possibility. Just mapping out my thoughts and breakdown here.
Solana Support lineAs you can see, Solana is sitting at a support line right now from which it can bounce to the $101 resistance.
The ultimate price target is $55, if it completes the massive head and shoulders bearish chart pattern.
Looking forward to read your opinion about it.
SOLUSD Double bottom and growth at least + 80%?Almost two weeks ago, we did our previous idea for a couple SOLUSDT
Then at the price of $97 per SOL we wrote that the first tasty area of purchase in the area of $90. As of today, this trade is relevant, but you can make some adjustments in the part of additional purchase of positions and movement of stop orders.
Strong straits in the cryptocurrency market in recent days have made some changes in the charts of coins.
However, the structure of the pattern "Double Bottom", which was written about in the previous idea - is not violated and has the right to life.
If you are impressed by the Solana token, we suggest you take into account the following data to enter the tra de:
Enter the position in the area of $78-80
Stop below $75.4 (-4.5% of entry point)
Take profit in area $145 (+ 83% of entry point)
Profit/loss ratio 18/1
It is dangerous to keep the long position SOLUSD after confidently fixing the price below $75.4! After all, in this case, the structure of the pattern "Double Bottom" will be disrupted, and the cost of SOLUSDT will be able to fall by another -18-20% in the area of $60-61
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Solana analysisthe price action analysis on solana
fastest chain by itself and i think it has the most powerfull chain ,
nice project make it interesting
(buying crypto coins has FINANCIAL RISK)
SOLUSDT Bearish
Bearish trend
barely holding onto 50SMA
Stop if closes and stays above trendline resistance
Its possible that Solana price is finding its way to the bottomToday we bring to your attention the global chart of the pair of SOLUSDT
As can be seen from the graph, for a long time the price of SOLUSD is not bad enough to moving the channels of dynamic fibolevels.
Also, looking at the global chart Solana token, we can assume that at the moment the figure "double bottom" is formed
Based on this assumption, we can offer you the following medium-term SOL trade to comply with the profit/loss ratio 5/1
Long entrance area $89-93
Stop below $77.70
Take profit around $157
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Retesting a Known Support SOLUSDSOLUSD is retesting the middle band of the Gaussian Channel indicator
It can be seen that this is going to be rejected bullishly as seen by the previous rejection at the level (green up arrow)
🚩 SOL Bull Flag 📈SOL is currently in this bull flag on the daily and once it breaks out I believe we could really see it go back to the mid 100s.
We have some FIB levels to clear once we break through those being at $119 , and $146.10.
We would also need some momentum on BTC to help drive SOL to break the flag and other key resistance areas as mentioned.
SOL - can buy it in this scenario4H trend chart
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SOL is converging in the descending tunnel and it is approaching to the upper downtrend line currently.
If price overcomes the downtrend line, long it with the following trading strategy.
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Profit Targets:
a) 110.635-----Fib(0.5)
b) 118.430-----Fib(0.618)
c) 129.555-----Blue horizontal ray
Stop losses:
a) depend on the timing of break-out
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
SOLANA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on the SOLANA as price shifted the market strucutre from bearish into bullish and for now price is finish the retracement move back into the bullish orderblock on the D1, we have a clear confirmation and right now i think we will see higher price action right into 166$ price area where we have a BIG IMBALANCE AREA to be filled.
What do you think ? Comment below..
SOLANA (SOL) | Approaching $100 - Possible Higher Low Formation!Hi,
Quite a similar idea as my previous one with ADA . These two have made solid higher highs and also they have quite decent support which allows forecasting that these boxes might print a new higher low for further growth. Is it a short-, or mid-term, this is your call but still, worth trying these areas to make some gains.
Do your own analysis and good luck!
Vaido
LongSOL (SMALL TRADEHi guys, this is my current position as Sol cools off a bear run.
Our current support is around $108 and resistance is around $122.
Right now we are in a major trading area. We can really go down to sub$100 or up to around $150. Please trade carefully!
Solana SOL short Price Targets and Stop LossSOL/USDT short
Entry Range: $107 - 113
Take Profit 1: $101
Take Profit 2: $91
Take Profit 3: $81
Stop Loss: $131
SOLANA IS AT A CRITICAL LEVELSOLA has seen an unprecedented rally since the 22nd of March 2022.
this asset has brought some good fortune to its investors lately. This asset is currently consolidating around $140 to $130 zone.
Solana may pull down to $130 once again before the rally continues if fundamentals continue to favour the bullish trend.
if this bull run can break through FIB38.2, this asset will most likely hit the RESISTANCE TRENDLINE (black colour) as a profit target.
However, if the bears are powerful enough, they may drag down Solana to $120 zone (FIB 23.6) once again.
KINDLY comment, LIKE, Criticize and Follow.
solana in up trendpossible rebounce in support price with possibly price going up aiming 143$
correct publish 1/1
not a finacal advisor
SOL short bear!Solana is looking bearish after huge pump up, BTC is looking better but still I think correction will come soon.
Strong support is on cca 100-105€ after that 90-94€.
SOLANA USD ANALYSISSolana looks super bullish right now. But be aware of entry. We are at the significant resistance, and even if we will not have a deeper correction, at least enter long on testing one of the EMAs.
Will Solana Make New Highs by Year's EndWill Solana Make New Highs by Year's End?
If we can get this wave "i" and "ii" in and price then breaches wave "i" high I would say it's more than reasonable to conclude that the answer to that question is YES. The attached daily chart outlines the most reasonable pathway under those circumstances.
Solana's price still has much to prove before we can conclude it's definitely on its way to the purple box area ($334 - $396)
solana usd making slight correctionWe see a daily order block and the andrew pitchfork tool in perfect indication of a slight bearish momentum.
