Solana Bullish Scenario EW & Wyckoff AccumulationI think this is the best case scenario for Solana right now on a larger time frame. It's worth noting that I'm not totally confident that it's going to play out this way, however it's worth noting these levels anyway because they will be significant eventually regardless
Check out my other posts for all of the potential scenarios I could see playing out
Solanausdt
Solana Bullish Until February 20thThis is the bullish scenario for Solana right now
From here to 125.84 supply & extension on wave 1. that's gonna be wave 3. Either there or the 1.618 at 128.08
Afterwards we retrace back down to the top of wave 1 at 106.56 and from there make one last push up into this daily FVG at 146.16
$146.48 is also the bearish OB that broke structure causing the bear market and a major SFP
February 20th major macro fib time would line up with the top of wave 5
See comments for additional confluences
sell on orderblock📊Analysis by AhmadArz:
🔍Entry: 98
🛑Stop Loss: 100.58
🎯Take Profit: 95.92 - 92.91 - 89.75
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
🚧Solana(SOL) can Drop ➖15%🚧🏃♂️Solana is moving near the Support line right now.
🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame .
🌊The structure of correction waves is Triple Three Correction(WXYXZ) .
🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SOL SOLANA SOLUSD Update Jan 25 2024Sharing Solana update here from TTR:
I havent updated SOL since after I took nice profits on it.
Here is a potential wave 2 setup down, which should bottom around April or May.
It seems that ABC down is in play now, with A being in place on that 23rd Jan low, or it can be printed anytime now, not later than the end of the month or so.
The B wave is expected to hit around the middle of Feb, and the C wave down into the Apr low
- B wave target is 108-116
- C down should bottom at or below 68.50
I will update the bull targets when we are near the C wave low.
Everyone should be making money on all of our crypto updates; just don’t use any leverage and options!!! As the timing is always an issue, the best way is to accumulate when the price is going down at support levels and hold for the rally to begin.
SOL macro analysis 📌 2024/25 ♉ I think COINBASE:SOLUSD completed mark down phase 📍 ( wyckoff theory )
Present we are in accumulation zone 📌 🙄 #DYOR
I have 2 scenario based on my technical analysis ⏰ #TA
👉 expecting no new low 🔅 making new high 📌 atleast return to previous top 🔝
👉 expecting new low 🔅 based on FTX and FUD news 🗞️ selling , no new High 📌
Solution :: 👉
I am using 60-70% liquid at 1st phase 📍 if above i got confirmation 🙂 remaining 40-30% I keep in correction 🤝 if not 🚫 making new low 🔅 I use that liquid 💰 there 📌
So making new low 🔅 atleast I book +500% ( 5X )
Not making new low 🔅 i will make more than +1000% ( 10x++ )
This is my planning based on chart 📉📈 make ur plans 🙌
Technical analysis is always risk management 📌 tool 🔥 not only predictor tools 📌
Buy ->
Phase 1 📌 $10 - $15
Phase 2 📍 $2.5 - $5
Weekend candle close above $60 no new low 🔅 confirmation 😸
Then phase 2 📍 $40-48 ( not making new low buy at correction )
This is plan of accumulation on COINBASE:SOLUSD 🤝 and with confirmation 👌 zone 📌
Sell -> $244 - $600 ( distribution area )
👉 clear target's provided time bull 2025 just follow article and boosting 🚀
If making new low 🔅 then bull target will be $48-50 ( exit but i will update that time )
🤝 Anything else comment and give me private text 🙂
🤝 check ✅ my profile and follow article for future updates
🤝 When COINBASE:SOLUSD trade at $200 I said 2022 nov it will reach below $10 ( it was done ✅ )
🤝 boosting 🚀 and following article is ur requirement and sharing with ur PPL 📌 is supporting
🔥 my responsibility is update 📌 at crucial movement i will do under this post 🤠
Be happy 😊 be safe 🙂 ( then don't get married 😉 )
SOL/USDT Market Correction OpportunitiesWe are considering a scenario involving the decline in the SOL's value and the initiation of asset purchases.
It is worth noting that the current correction to the $79.60 level represents a deviation of more than 37% from the prevailing local peak at $126.21. The price movement chart within the descending channel during the correction indicates a reduction in investment activity and profit-taking.
Given the anticipated continuation of the downward trend and considering the potential attainment of price levels around $70 and below, we are contemplating the possibility of strategically re-entering positions in SOL to optimize the portfolio and capitalize on market conditions in our favor.
Short SOL scenarioEnglish
I`m applying a very simple strategy with the RSI where I see "an exhausted price" in there, we are going to a 1:3, at least. Crypto market is going up pretty hard, but I believe it is going to have a retracement, before making HH.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
Español
Estoy aplicando una estrategia sùper simple con el RSI donde veo un precio con agotamiento allì, vamos por un 1:3. El mercado cripto está súper alcista, pero creo que tendrá un retroceso, antes de hacer un próximo, alto más alto.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis:
What is on the chart? (follow the steps)
1) A daily FVG that serves as a support zone.
2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand).
3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'.
4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally.
5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC).
6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level.
NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around.
As always, enjoy the rest of your day and happy trading!! ;)
SOL SOLANA Trade IdeaSOLANA has experienced recent downward pressure but is presently trading within a crucial support zone, as illustrated on the chart. In the event that the Dollar Index (DXY) sustains and strengthens its position, SOLANA might potentially move towards additional downside targets, given the typical inverse correlation between DXY and SOL. It is important to underscore that this analysis is offered solely for educational purposes and should not be interpreted as financial advice.
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same.
What do we see? (follow the steps)
1) The high that set the downtrend.
2) Price wicking in the daily FVG that will serve as our base ('support').
3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too.
4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure).
5) The expected dump where BTC does too.
Hopefully you enjoyed this short analysis and I wish you a lovely day!
Happy trading!! ;)