WIll we have another bullrun or we have a double top pattern? Hello my friends
as I predicted in last post solana despite of btc's correction could reach 200 and almost 215(ATH)
But what's next?
the volume is really bad for a big rally . just compare with the volume in last reaching to 215$
but btc/usdt had a breaking out lately and I consider it as a good sign but it means 2 different things
1- solana go up and btc go down ( not too down )
2- btc go down and solana also go down but less that btc.
I'm so neutral about sol but i'm kinda bearish about btc because of some reasons like USDT.D chart and the chart of btc itself .
so be careful . DO NOT PAY ATTENTION to news and imaginary targets
and I must say it again : " DO NOT BUY AT RESISTANCE"
have fun
please like and comment your opinion
Solbtc
The Red vs Green Light of SolanaThe other day we took a good look at Solana's technicals. Today, we'll do something even more relevant: we'll look at its strength in comparison to that of Bitcoin. But why is that?
Well, because given how much Bitcoin has rallied during September, and at weak trading volumes at that, Bitcoin is and remains fragile. In this sense, if Solana were to look weak in direct relationship to that of Bitcoin's spot price then we can safely assume Bitcoin is in for a nasty dump to follow - one that might take us as far down as the low to mid $20 000's.
If, on the other hand, Solana were to show continued strength in relation to Bitcoin then we might very well be in for an alt season. This would be THE ideal low risk/high reward entry spot.
Let's now begin by taking a good look at SOLUSD/BTCUSD.
On the daily chart, the long diagonal trend line from early January has now flipped and acts as resistance. Right now SOL/BTC is testing it from below.
It tested and broke above it in August. The question now remains: can it do it again?
The next question at hand is how this temporary correction will play out. Is the ABC completed already, or is it just the subwave structure of a bigger A-wave?
If Bitcoin were to plunge down to the low to mid $20 000's, we should automatically expect Solana to vastly under perform. For as fast a runner Solana is on the upside, it sure is fragile and volatile on the downside.
One thing ... a bad omen, indeed ... that we need to keep an eye on is the upper bearish blue RSI line on the 2-day chart.
On the previous two successful occasions upon which SOL/BTC closed on this line from below, Solana immediately proceeded by under performing versus that of Bitcoin by -85% and -34% respectively.
This incredibly bearish signal would, however, be neutralized if the RSI were to close above it and with at least a 1% safety margin.
Practically speaking, the ideal scenario to accomplish this AND to turn the ship around for a truly bullish set-up would be for SOL/BTC to:
1) break above the primary diagonal resistance line;
2) take out the recent pivot high from early October this year
Naturally, this would all have to happen within the upcoming few days, as the diagonal trend line would otherwise keep pushing its technical resistance further up. In such case, taking out the pivotal high wouldn't make much of a difference in itself.
I'm fully aware that this entire scenario is unlikely to unfold by the end of the week. Yet, if it still were to, it'd be one of the most bullish signs we could wish for in Solana, and reason alone to ladder in heavy low-risk longs.
For that's the name of the game: low risk/high reward.
SOL - these are the best points to buy ❗❗SOL has broken the support line and has now tested it as resistance, a bad signal. But that does not mean that SOL will fall right now. Below marked the level where there is a lot of liquidity and also an area of huge discount. These are the best places to buy. There is also a global trendline on the chart, if price breaks it, it will also be a very good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SOLUSD: Discounts to BuySOL continues to push aggressively into the previous highs.
Buying at an ATH is a big no for any investor.
We would like to see significant discounts in price before we load up our long term buy positions.
Once we clear the ATH, we will look for sells on a structural shift.
We will sell down until the perfect buy zone appears.
It will alter the course of SOLANA historyHello dear solana holders. The following seven days will be crucial for price movement, because SOL will decide on trend.
Here are two possibilities:
First, if the price will go up, I believe we will see a +35% rise to the new ATH with a target price of $230. This might be the start of a fresh rally, but I'll take my profits slowly and not get carried away.
Second, in the case of a breakdown, the price will hit the $ 125 minimum target. This option has the potential to force holders to sell more. So be extra cautious and avoid taking high risks.
Take your side and make the bets.
Best regards
Artem Shevelev
SOL will be running?!Sol will be one serious contender for bringing defi to the masses. No more $75 gas fees as with ETH. For the average person, everyday banking isn't possible with ETH, it's just too expensive and too slow.
SOL- the opposite. Fast, cheap and resilient. It will go beyond defi, to banking, NFTs, blockchain gaming, and as yet unknown uses.
Currrently around a <$60b marketcap (at SOL 200ish)
Very limited supply; this is going to shoot to $150b market cap and much higher.
We will easily see SOL $300 well before EOY IMO, and Q12022 SOL $500.
Please see the latest on SOL. GLTA and DDD.
SOL/USD - All-Time High under Attack! Can we pass it?SOL is about to re-test its ATH. Can we pass beyond? Looks very bullish to me.
Pay close attention to the resistance as it can push us back to $170 in case of a failure to break.
Otherwise the indicators are very bullish and SOL could pump much higher soon.
Like and follow if you liked this idea!
SOL - TRADE SETUP SOLANA is forming a Bullish Bat Harmonics Pattern and the D leg will be completed at the 0.886 fibonacci level. Many indicators are also showing that this massive sell-off trend will reverse soon and this 0.886 area is by far the best area to place your orders.
Make sure to DCA when SOL goes below $140. Expecting a reversal soon especially with the completion of this bullish harmonics.
We all know about the amazing Fundamentals behind SOL and with amazing developments on SOL I do see SOL getting strength very soon.
So with SOL, the best Support Zone is between $130 - $135, buy / long SOL at those areas if you see them with confidence!
This TA is done on 4hr timeframe so it might take some time to touch the buyzone and hit the take profits so be patient.
Buy Zone: $130 - $135
Sell Zone: $144 - $200
I'll keep this chart updated.
SOL's Current Market Price: $140
Good Luck.
If you liked the idea please give like and follow.
SOL/USDTFinally, SOL breaks the resistance. It is now near the $195 resistance area. The major resistance is $210 - $215 and after that, it will enter in price discovery mode. We may see a retest of $172 - $178 support before the next big move. Hoping you already grabbed some SOL below $150. Try to catch more near the support area.
SOL/USDTSOL is still struggling to break the strong resistance area. SOL goes below the support and leaves a wick below the $140 area. It needs to get a retest of the strong resistance area to gain some bullish momentum. The support and resistance remain the same. Altcoins are waiting for BTC to get stable and give some room to altcoin!
Solana (SOL) - October 19Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(SOLUSD 1W Chart) - Mid-Long-Term Perspective
Over the 61.44-72.85 section: Expected to create a new wave.
(1D chart)
First resistance section: 179.45-191.01
Second resistance section: 238.46-254.28
Support section: 127.74-143.56
It is important to keep the price in the range 143.56-191.01.
I think the resistance section is a psychological resistance section, so I think it is necessary to walk sideways in the section 143.56-191.01 to get over this section.
If the 143.56-191.01 section continues sideways, it is expected to form a new support section and move up to the second resistance section.
If the decline is from the support zone, it may move towards the 96.10 point, requiring a short-term Stop Loss.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
SOLUSDT Technical Analysis⏳ Spot
💎 SOLUSDT has formed a Symmetrical triangle and a Bullish Flag. After the breakout by a large green candle we expect the price to go lower to the Pullback zone and from there continues to go higher.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 155.00
☕️ TP1 168.00
🍺 TP2 178.00
🍻 TP3 188.00
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 140.00
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
Solana on the verge of 100% profit and more?!!!SOL/USDTFREE UPDATE
Are you ready for $266
Solana has been among the top performers most of this year and saw a time of boring consolidation for the last two months. Solana Breakout event in Lisbon starts on 7th November, which seems to be the perfect catalyst for the SOL ecosystem bullish run to continue.
From a technical perspective, the price bounced after testing the D2 demand zone and the channel support and range 0.25. plus successfully re-tested the local 4hr demand.
Downside risk is based on the whole market turning down, but that's always present. Should be one of the best relative performers.
On the lower 4h timeframe, we saw a nice break above the IHS neckline, so the momentum to continue remains very high. We are bullish on this coin and expecting it to do very well in a medium time frame (weeks) with major resistance at $266.