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Solanausd

Solana - IMPORTANT Support Zone will be TESTEDHi Traders, Investors and Speculators of Charts Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL. SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. ✅ 👉 Technical Indicator SHORT TERM is overbought indicating a correction is overdue 👉 Support zone at $153 is critical to hold 👉 Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern. Overbought indicates a correction is overdue: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 KUCOIN:SOLUSDT
Short
by CryptoCheck-
1
$SOL Market Cap Long to $500B - '21 $ETH vs '24 $SOL2021 CRYPTOCAP:ETH VS 2024 CRYPTOCAP:SOL from: 10B Market Cap to: 500B Market Cap enjoy the ride, the cycle is young ✨ #SOLANA ⚡️ --- this is a study on fractals and market cycles. I have studied this '20-'21 ETH fractal in comparison with the '23-'24 CRYPTOCAP:SOL chart in great depth going back 2 years to when SOL was $8. ---REFERENCE my prior publishings to learn more. links to some of them are BELOW! GL HF NFA <3 TLDR - CRYPTOCAP:SOL is going to give CRYPTOCAP:ETH a run for its money. Enjoy the show. Been in since $8 and still just as bullish as before. -@CryptoCurb
CRYPTOCAP:SOLLong
by CryptoCurb
2
SOL Solana Trade IdeaSOL Solana is clearly trending bullish as we can see on the 4 hour time frame with consecutive higher highs and higher lows. We look for an entry on the Fibonacci retrace down into the 50 to the 61.8% level. We can see support on a previous high to the left of the current price swing which could provide support for an entry point. Target one is the current price swing high take partial profits and move stop loss to break even, target two would be a measured move above the current price swing. This analysis is for educational purposes only and not financial advice. Always trade with a solid risk management plan.
Long
by fxtraderanthony
1
SOL Solana Technical Analysis and Trade IdeaSolana (SOL) demonstrates a robust bullish trend, recently surpassing previous highs and clearing liquidity above a prior monthly high. A potential retracement to the 61.8 Fibonacci level could present a buying opportunity. Our targets are aligned with previous monthly highs, as illustrated in the video. Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Trading in cryptocurrencies carries inherent risk. Always consult a qualified financial professional and carefully evaluate your individual risk tolerance before making investment decisions.
Long
by fxtraderanthony
Solana Weekly Analysis Solana appears to be in a favorable position, showing a clear and rational price movement without signs of being overly pumped or in a bubble. It has retraced from previous areas and we've observed price reactions in the short-term highs, likely due to buyers starting to take profits who buys around the $20 mark. Additionally, the price retraced to $100, which seems to align with algorithmic pricing and presents a good opportunity for buyers looking to accumulate and participate in this price run. Looking ahead, the next target for Solana seems to be reaching intermediate highs and potentially surpassing its all-time high, reaching around $270. For those considering buying Solana, it might be wise to wait for a favorable entry point in the sweet spot area between $80 and $60. Then, one can consider selling at the all-time high to secure profits.
COINBASE:SOLUSDLong
by Deotrade1
I see a negative scenario for SOLANA, will we drop below $100?Hello everyone! I want to warn those who have open LONG positions on #SOLANA. In the local perspective, we can expect a decrease in the asset down to $92.5 as a head and shoulders pattern has formed on the 1-hour and 4-hour timeframes. The situation is also negative on the daily and weekly timeframes. Since the last local price high on February 14th, I have been seeing selling pressure. The week also started negatively. However, the drop may not be as deep, as we have support in the form of the 200-EMA and the strong Fibonacci 0.236 level, which is at the round number of $100. Therefore, I believe it would be wise for those trading with leverage to reduce their positions, and for those with extra funds to place buy orders at the following levels: $100 $96 $92.5 In the global perspective, after this correction, I expect growth towards $150. This is not financial advice, everything you do, you do at your own risk!
Short
by neverovv
3
#SOL #SOLANA Technical Analysis & Trade IdeaSOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress. Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup through a daily timeframe #SOL price swing that aligns with the Fibonacci level. Place a stop-loss order below the previous swing low, adhering to a minimum risk-reward ratio of 1:2. Disclaimer: This analysis serves as an informational resource and does not constitute financial advice. Conduct your own diligent research and thorough risk assessment before executing any trades.
Long
by fxtraderanthony
1