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Solanausd

$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.
COINBASE:SOLUSDLong
by benjihyam
14
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.
Long
by harfi7520
1
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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
32
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.
Long
by neverovv
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. ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
3
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? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
#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. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:SOLUSDShort
by theCrypster
26
#Solana SOL/USD -Daily chart#SOL - From analysing the chart, it is clear that the overall sentiment is bullish, meaning that we expected to increase. However, it's important to take note that the relative strength index (RSI) is quite high, which may indicate that the market is overbought and could experience a short-term pullback. Additionally, it's important to be aware of any resistance levels that may be present on the chart and to consider the historical patterns and trends. Despite the high RSI, it's important not to jump to conclusions and to evaluate the chart with a critical eye. It's essential to not make hasty decisions out of fear of missing out (FOMO) and to take a moment to think critically in order to come to a conclusion. Overall, it's important to be careful and to make well-informed decisions.
BINANCE:SOLUSD
by RomKriss
2
Solana Analyze (Road Map)!!!🗺️Solana is running in Descending Channel. I tried to use Elliotte's wave theory to show you the Road Map🗺️ of Solana . Solana Analyze Analyze (SOLUSDT) Daily Timeframe ⏰ (Log Scale) Solana completed its Main wave 3 in the lower line of descending channel, and now it is on the way to the Main wave 4. The Main wave 4 can finish 49.8$-46$ OR 38.8$ & and at my TRZ (Time Reversal Zone). About Main wave 5, I showed you the targets of it in my chart. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
10
Solana Analyze (Short term, Timeframe 15min, 01/13/2023)!!!📱Solana was moving in an ascending channel in the 15-minute time frame when Solana broke the lower line of this ascending channel, thereby confirming the end of the main wave Y above the ascending channel and PRZ(Price Reversal Zone). I expect Solana will go down at least until the support zone. Solana Analyze ( SOLUSDT ) Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
Solana SOL price may start correction in the coming daysA few days of the rapid growth of the SOLUSDT price has given many owners of the coin hope for super-strong growth. But not everything is as good as it may seem at first glance. Firstly, the SOLANA project is very much connected with FTX and Co (the show on this situation will last for many months, if not years). More details about the amounts involved and the number of SOLs involved with FTX we wrote in our previous ideas. Secondly, the SOLUSD price is entering the liquidity zone of $13-16. In this zone, at least two groups of traders will sell SOL: those who unsuccessfully took a long position in November 2022 and sat through a 50% drawdown, and now will exit from the position to "zero" and those who bought SOL with limit orders at a liquidity level of $8, and now it's time to fix +70-100% profit. In the medium term, we assume that the formation of a reversal pattern "Inverted Head and Shoulders" is possible According to this pattern: - risky buy zone of SOLUSDT around $10 - conservative purchase of SOLUSDT after a confident consolidation of the price above $16 The target for the development of this pattern is around $31 Given the fact that SOLANA is very much dependent on how the process of judicial proceedings over FTX and co. will take place. It is worth understanding that one news or tweet and the price of SOL can plummet. Therefore, it is worth insuring your long positions with stops. It is worth keeping limit orders to buy SOLUSDT around: $3.70, $2.25, $1.65 . And maybe someday you will be lucky with a super profitable purchase of SOL, like those who bought SOL a week ago at $8 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44