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Solbtc

SOL Looks Bearish (1D)A major trendline has been lost despite positive news, and SOL is prone to further drops towards the green box. A large liquidity pool exists below the price, which is likely to be taken out, pushing the price toward the marked zone. The price structure has turned bearish with a CH on the chart. A daily candle closing above the invalidation level will nullify this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
Is SOL/BTC following the ETH/BTC distribution pattern? As the big red weekly candle closes for BTC, we should see some volatility this week. Solana valued in BTC has exited a rectangular distribution topping pattern. Failure to recapture the rectangular box and enter back into it in a spring like move is looking increasingly unlikely. Ethereum valued in BTC followed a very similar pattern in Nov 2023, exiting the rectangular distribution rectangle and fell much much lower. The 50 week (blue line) and 200 week (purple line) moving averages also follow a similar trajectory for both instruments / coins. If SOL / BTC does not recover into the box, and fast I will be exiting a long term position I hold. Defensive Strategy based on this chart and the USD chart warrants consideration PUKA
by PukaCharts
$SOLBTC is clearly in a bearish patternCRYPTOCAP:SOL valuation in USD is already 30% below its ATH. But if we value the CRYPTOCAP:SOL based on CRYPTOCAP:BTC then we clearly see that the chart is clearly in a bearish pattern. $SOLBTX has already reached 0.0018. If we plot the Fib retracement levels from the last peak to low in the weekly chart the BINANCE:SOLBTC can go down to 0.001 which is the 0.786 level. The upcoming macro-economic numbers like inflation and unemployment will determine the direction of this chart. BINANCE:SOLBTC near term bearish.
BITSTAMP:BTCUSDShort
by RabishankarBiswal
#SOL/USDT #SOL The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it We have a bounce from the lower limit of the descending channel, this support is at a price of 187 We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 203 First target 219 Second target 234 Third target 250
Long
by CryptoAnalystSignal
Analysis for SOL/BTC Pair:Current Market Structure: The chart illustrates a clear range-bound structure with defined support and resistance levels. The price has been oscillating within the horizontal range marked by: Support: ~0.0018052 BTC Resistance: ~0.0029090 BTC Key Levels to Watch: Support Zone (0.0018052 BTC): This level has previously acted as a strong demand zone, and the price may attempt to rebound if it revisits this area. Resistance Zone (0.0029090 BTC): The price has failed multiple times to break above this level, as marked by points B, D, and F. Potential Scenarios: Bullish Case: A successful breakout above 0.0029090 BTC could confirm a bullish wave (W3), pushing the price toward higher targets. The next potential target beyond the range would be around 0.0045000 BTC, aligning with previous highs and psychological levels. Bearish Case: If the price breaks below the support zone at 0.0018052 BTC, a deeper correction could occur, leading to lower levels. Traders should monitor for potential bearish continuation patterns below this level. Elliott Wave Perspective: The chart highlights the possibility of an Elliott Wave pattern forming. The price might currently be completing wave E, preparing for a bullish wave W3 upward. Market Sentiment: The chart suggests indecision, with the price consolidating within the range. A breakout on either side of the range could determine the next directional move. Conclusion: Bullish Breakout Confirmation: Look for a break and close above 0.0029090 BTC with high volume. Bearish Breakdown Confirmation: Watch for sustained trading below 0.0018052 BTC. Stay cautious of false breakouts and monitor overall market conditions for confirmation.
Long
by Tradeaione
1
Solana: long term trends...GM gents! Take a look at the trends that are active in the monthly and quarterly timeframe in $SOLUSDT. The most optimistic long term scenario implies a 42 to 1 reward ratio, and gains worth more than 1700% from here... It's easy to be swayed by short term noise and miss out on these insane gains, I have helped many people achieve such results in the past and can do it again, make sure to follow me here and in my socials. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
2
SOL/USDT 1DAY CHART UPDATE !! SOL/USDT price movement on the daily time frame. Here is an analysis based on the visual representation: A symmetrical triangle pattern formed over a long period (August to November). The price broke out of this triangle with strong bullish momentum, indicating a continuation of the uptrend. After the breakout, the price entered a parallel descending channel, indicating a consolidation or correction phase. The channel has well-defined support and resistance lines, with the price oscillating within boundaries. The chart suggests a breakout from the descending channel on the upside. A measured move from the channel width is anticipated to target the $300+ region, indicating a potential rally of around 50% from the breakout level. Current Support: Around $200 (near the breakout level of the descending channel). Immediate Resistance: Near $230 (previous high level and upper channel boundary). Long-term resistance: $300+ (price projection from measured moves). If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters! Thanks for your support! DYOR. NFA
Long
by CryptoSanders9563