$SOLANA - Consolodating at local Support Hello my fellow TraderZ...
Today I'm here with $SOL #SOL/USDT chart.
In recent move towards upside, SOLANA unable to break the Resistance Zone of 48-50. And with weaker Price Action forming Double Top rejecting the price to drop further -38%.
Now it can be seen clearly that price is consolidating at this local Support but still the Volume showing weaker demands. So I'm expecting further drops to test $25-26 low, alongwith #BITCOIN testing its low around 18k.
Also, Negative Futures Funding could also lead to a Short Squeeze to the Resistance area as mentioned in the chart.
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Solanausdt
Is SOL worth it?Looking at the chart, you can immediately see that the Solana looks weaker than many top altcoins, it falls faster, but we see large volumes in this accumulation, which means there is a buyer’s interest. I see an update of the previous low at $25 and from there I would consider buying from the $18-24 zone, I don't think we will fall much lower. It will accumulate for some more time until the next bull cycle, despite all the negativity associated with Solana, it is in my top 20 coins for long-term investment.
Solana Analyze (Road Map)(update)!!!🗺️Solana moved as I expected in my previous Idea👇✅.
Finally, Solana broke the support line to verify the end of the main wave 4 at the top of the descending channel.
I expect that Solana will go down at least to the last Bottom, even probably it will touch zones where I specified in my chart about the end of main wave 5.
Solana Analyze Analyze (SOLUSDT) Daily Timeframe ⏰ (Log Scale)
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.
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There is still room to fall for SOLANAThere is still a big room to fall for Solana. There has been a lot of negative news for Solana lately, such as fake TVL and the latest multi-million dollar hack of the Solana wallet in August caused its price action to weaken. For buy the dip buyers, you may pay attention at the price 26 and 22.
SOLana ; Vc's wet dream or Marg Thatcher on a cold day *UPDATESOLana ; Vc's wet dream or Marg Thatcher on a cold day
So did Sam create this nice big plump NFT market with his token, sold the dream to VCs, then took all that actual money he made as he slowly dumped on everyone to buy up REAL crypto companies after/during the crash when they all were about to go bankrupt
OR ... hes holding with you TOOoooooooooooooo the MMMMMMMMMMMoooooooooooon with you..
hrmmm
anyways this is an update to the last sol idea (attached) which is playing out nicely so far, squiggles just needed to be wider, but the general idea was right. lines were on point too.
this is quite the inflection point as highlighted in this chart. i have no idea which way it goes. seems to me there are more interest rate hikes to come, and lots more unemployment approaching fast as big companies dump their liabilities (you). its all started happening. question is, does the fed put the brakes on this death train and try and reinflate or let it all crumble?
Any Solana fans here? This trade setup might be for you!If you check the price structure on the higher timeframe like daily and weekly, you will notice that this pair has been ranging.
Depending on the move of the BTC, Sol will just follow.
But what's important with this long setup is the breakout in the structure, then will follow by a re-test. That will ensure an accuracy of your entry with a minimal and tight stoploss.
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)Noodle party? Well not exactly, its a solana chart spilling spaghetti everywhere! The total evaluation for this asset is extremely bearish and I could not even begin to become so engrossed in bear costumes all year round because who could possibly blame us? The cycle has ended just as it has always ended in previous cycles -- it almost always returns to where it started and considering how we just got resisted from the SP500 and NASDAQ on a monthly resistance trendline (you can check this out in my profile) , there's no guarantee that the current supports that HELD us in a bull market will even be strong enough in a bearmarket.
The SOLANA chart has now been confirmed with a bearflag that we had been suspecting from since we dropped here in this range for months, a validated bearflag WILL create lower lows and its much stronger in a bear market obviously and especially in a macro-time frame (4H, 8H, 12 H, 1D, 1W).
Never underestimate panic selling, always be mindful of your risks and make sure to enlighten yourself everyday with what is happening around the world so that maybe one day, huge positive fundamentals or catalysts would support
a possible reversal towards our brand new all time high.
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Solana: This coin will follow the path of LunaSolana has shown relative weakness compared to other cryptos in the recent rally. Luna went bust on 20th May a few days after the lunar eclipse (Luna means moon in Italian) There is a solar eclipse occurring on the 25th October 2022, I predict that Solana will be trading at zero by then.
SOL/USDT weekçy chartHi, I am back posting so if you could follow and boost it would mean a lot to me.
I am focusing on the overall analysis today, so this is a solid SOL chart where we can predict the future of the altcoin.
I think that in the near future SOL will perform good alongside other alts (I am posting them today), so I am bullish for this one. I don't think we will close weekly above 49$ so we can wait until we have a better enter position. 40$-42$ would be our ideal entry. MACD just crossed on the weekly so we might go up in the following weeks. Comment what you think.
I am going back to streaming on TradingView. I don't know if I should do a daily late night stream (on UK time) or just do video ideas. My first stream since april will be on tuesday. at 2pm UK time. See you soon! I am a little washed up on trading but I promise to be more active.
SOL 30% PUMP ON THE WAY?SOL is looking bulllish on daily timeframe and 4 hr timeframe , It formed a symmetrical triangle and breaked it on daily timeframe upside which means sol is ready for a take off to the next resistance of 60-69$ which also a region of daily 200 MA and also technically target of symmetrical triangle of around 30-39% . We just want a retest for confirmation, BUT BUT BUT...... still fundamentals will play a major rule for solana future for more and regular update follow our account.