Solanausdt
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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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 :)
Trading opportunity on SOLUSDTBased on technical factors there is a long position in :
📊 SOLUSDT Solana
🔵 Long Now 82.06
🧯 Stop loss 74.00
🏹 Target 1 93.00
🏹 Target 2 110.00
🏹 Target 3 140.00
💸Capital : 1%
We hope it is profitable for you ❤️
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SOLANA - Updated Small ChartOur updated Solana chart shows price is under resistance and a dip might follow.
NEWS:
3 DAYS AGO Validator operators of Solana, a proof-of-stake blockchain, successfully completed a cluster restart at about 11 p.m. ET on Saturday following a roughly seven-hour outage when the network failed to reach consensus, it said on Twitter.
An earlier Twitter post had said that “Solana Mainnet Beta lost consensus after an enormous amount of inbound transactions (4m per second) flooded the network, surpassing 100gbps.”
One Love,
the FXPROFESSOR
Morning Update: Solana to head down one last timeTo those who follow me...thanks for the feedback last evening. I appreciate there are so many of you willing to spend your valuable time to interact with me as we think about ways to make our group better traders and expand what we all discuss.
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This wave 5 of our ending diagonal, like the previous 4 will be a 3-way move in the form of an abc. Just as a reminder, when SOL bottoms this time we're looking for an explosive rally from red on the day to green. We're looking for continuation in the days afterwards and we need key resistance at $103.59 taken out, then $111. Resistance at $111 is key.
I'm not a market timer but I think this will all be over is days....not a week.
PS: There is a chance this will extend to $96 to finish off wave 4. I don't want to see higher than $98 because then we will be dealing with something else other than an ED. Also, I'm going to gear up to track the SP500 versus other crptyo. The Markets have some influence over risks assets and most of the crypto charts look to be in the similar wave counts. If ay of my followers need me to provide analysis on something as a one-off to help them out let me know via the private chat button.
Best to All,
Chris
Sol is on downtrend movement from many daysSol is on downtrend movement from many days. There is strong support among 95.59 - 98.00. currently price showing descending triangle pattern. If recent price breaks support area then it will dip till 79.00 - 82.00.
Keep in mind there is resistance from 111 to 108.
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
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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 :)
SOLANA FOR THE WBINANCE:SOLUSDT
As long as BTC holds the 39 000 area I expect the altcoin space to prepare for a rally towards summer. On the contrary, if BTC breaks, we won't see any positive price action for a few months from here.
Looking good against BTC, too. Hold the yellow line and we're GUCCI.
Stay blessed.
#Solana Dumps 27% from April Peaks, #SOL Ceiling at $112
Past Performance of Solana
#Solana is bearish and within last week's trade range, reading from the formation in the daily chart. Even though SOL's prospects are bullish, sellers are in the driving seat, capping advances below $112. SOL is down 27 percent from April 2022 highs at spot rates, finding support at around $99.
Solana Technical Analysis
From volume analysis, #SOL is bearish, finding strong resistance at $112. Notably, SOL buyers didn't unwind the losses of April 11, swinging price action to favor sellers. As per the current setup, aggressive traders may unload on pullbacks below $112 in anticipation of more losses towards Q1 2022 lows of $80. On the contrary, any sharp spikes above the middle BB and $112 nullifies the downtrend, paving the way for optimistic Solana buyers aiming for $142 in a buy trend continuation pattern.
What to Expect from SOL?
The Solana mainnet beta is functional with vibrant dApps cutting across DeFi and NFTs. However, after the super rally of 2021, prices are cooling off. In the immediate term, SOL is bullish above $99.
Resistance level to watch out for: $112
Support level to watch out for: $99
Disclaimer: Opinions expressed are not investment advice. Do your research.
SOLANA LONGS ACTIVE📉📉📉Expecting bullish price action on SOLANA COIN as price shifted the market strucutre from bearish into bullish, price made the lower high retracement into a bullish orderblock area on the H4 + institutional figure 100$ that is acting for now as a valuable area of ,,support,, if you will.
What do you think ? Comment below..