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SOL/USD - Soon to reach $100. Can we go to $60? 😪As predicted in my SOL idea a few weeks back, Solana topped at $216. Now we're correcting and this may take a while to finish considering the massive pump we had this year. As such, best to consider shorts in this current structure as Solana is very likely to go to $100 before we have any good hope for a reversal. Even the support at $100 is a bit optimistic at this time, we may get a dead cat bounce, but if BTC and ETH don't hold their technical support at $38k and $2.7k (ideas below) then Solana will go lower, towards $60. Buying at $60 feels much better to me with less risk. At $100 the risk is not for my taste. The indicators are bearish. Daily is bearish and MACD on 3 day timeframe just did a bearish cross... Last time this happened it took Solana 2 months to turn bullish again. This time, as we completed a 5 wave Elliot structure, the bearish price action may last even longer. That is why I think we have to expect SOL to reach two digits price before throwing money at it. :) Don't get greedy and be patient. Your buy opportunity will come, but don't rush into it. Wait for some bullish signals like a bullish divergence on RSI or MACD. Like and follow if you liked this idea!
Short
by DU09
7
SOl - global trendline broken 😲😏A strong trend line has formed on the SOl chart on the higher timeframes. At the same time, the price has broken it, but there is no strong buyer reaction. If price tests the trend line as support, it could be a good buying opportunity with little risk. 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.
by Yuriy_Bishko
11
Solana - time to sell 😲❓In the last idea, I described why the fall happened. On the technical analysis side, the SOl chart has an important level of $134. Price could now be in local consolidation, break the level and go to the lower liquidity zone. 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.
by Yuriy_Bishko
10
SOLUSDT Technical Analysis ⏳ Spot 💎 SOLUSDT Has formed a Bullish flag pattern. The price has been around the resistance line and it's a sign that we might face a breakout. We also may see a Pullback to 134.00 before it breaks above the Flag. 🏁 Short Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at market or 134.00 ☕️ TP1 151.00 🍺 TP2 165.00 🍻 TP3 180.00 🍾 TP4 188.00 🍷 TP5 215.00 🍸 TP6 250.00 🍹 TP7 270.00 🎁 TP8 ______ 🚫 SL 119.00 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
Long
by Fibonacci-Signals
2
Solana (SOL) - September 24Hello? 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 Support and resistance are weak due to a sharp rise. As such, careful trading is always required. If the price is maintained above the 19.04-24.56 range, it is expected that the uptrend will continue. In particular, if the price is maintained above the 108.38 point, which forms the high point, it is expected to create a new wave. Since it is a chart formed by a sharp rise, an upward movement may occur after touching the 61.44-72.85 section, so you need to think about how to respond. (1D chart) First support section: near point 143.76 Second support section: 120.0-127.92 The first and second support zones are short-term support zones. Accordingly, it is a section that responds to the average unit price of one's purchase. A short-term stop loss is required if the price falls from the 120.0-127.92 zone, the second support zone. First resistance section: 159.60-167.52 Second resistance zone: near 179.45 I think the second resistance section is the psychological resistance section. Therefore, if the price is maintained above the first resistance level, it is expected to break above the second resistance level and rise above the 191.28 point. --------------------------------------- (SOLBTC 1W Chart) - Mid-Long-Term Perspective Careful trading is required as the support and resistance sections are weak due to the sharp rise. If the price holds above the critical 0.0008297 point, we expect the uptrend to continue. (1D chart) Changed the pick point for the Fibonacci retracement indicator due to the sharp rise. First support interval: 0.0027833-0.0031241 Second support section: near 0.0021015 The role of the support section is weak due to a sharp rise. Therefore, careful trading is always required. A short-term Stop Loss is required if the first support is falling. Resistance section: near 0.0037857 point Since it is a volume profile section that is about to be formed, the role of resistance is also expected to be weak. However, since the psychological factor can be excluded, if the price rises above the 0.0037857 point and maintains the price, it is expected to continue rising in anticipation of further rise. ------------------------------------------ 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 been released yet. (Since it was not disclosed, 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.)
BINANCE:SOLUSD
by readCrypto
SOL UpdatesSolana Dip Leads to $250M Lost in Liquidations Solana appears to be holding above a critical support level after taking a 38% nosedive in the past eight days. Key Takeaways Solana’s price action has generated more than $250 million in liquidations since the peak, with $27 million lost over the last 24 hours. Now, SOL is sitting above a crucial support level that will determine where it heads next. If buy orders pile up, it may retest previous all-time highs, but a spike in downward pressure could see it fall to $96. Many investors have struggled to correctly time Solana’s price action over the last week, incurring $250 million in losses. Solana Liquidates Bulls and Bears A Solana dip has led to a massive $250 million worth of liquidations. The high-throughput blockchain’s SOL token has enjoyed an impressive 877% bull run since Jul. 20. The so-called “Ethereum killer” has risen from a low of $22.10 to a new all-time high of $216, becoming the seventh-largest cryptocurrency by market cap. Following the $216 peak of Sep. 9, traders have been having a tough time anticipating SOL’s price action. Since the peak, more than $250 million worth of long and short positions have been liquidated across the board, with over $27 million of the losses incurred in the past 24 hours. One of the main reasons for such an erratic price action was the “intermittent instability” issue that the Solana network experienced on Sep. 14. A denial of service attack took the blockchain down for roughly 18 hours, generating panic among token holders. The sell-off pushed prices down by 17% within a few hours to a low of $142.60. Holding on to Critical Support Although Solana’s price has been fluctuating since the outage, it wasn’t until today that it reached a vital support level. The 38.2% Fibonacci retracement level and the middle Bollinger band on the daily chart seem to be acting as a strong foothold for SOL. Still, investors need to pay close attention to the $142 support level over the next few days. Slicing through this interest area might lead to a steeper correction toward the 50-day moving average and the 61.8% Fibonacci retracement level at $96. If this demand wall can hold, SOL could rebound towards the 23.6% Fibonacci retracement level at $170 or even the all-time high at $216.
FTX:SOLUSD
by GerradFletcher
Solana hurdles to overcomeIf I'm being bullish - which in the long term I am for Solana - I could see this as a buying opportunity here. What needs to happen in my opinion: - 21MA (blue) needs to cross over 50MA - Price needs to break golden pocket - Price needs to break strong support zone What could signal a turn for worse: - Price currently below golden pocket & strong support zone - 50MA could cross below 21MA - MACD showing bearish divergence on its lagging line What are you betting on?
by Coinathlon
1
Keep an eye on SOL - close to breaking out!Here's a quick look at SOL 4 hr chart. As we can see, the price has been forming an falling wedge and we could see a break to the upside soon! Definitely one to keep an eye on. The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 156$ 2. 180$ 3. 194$ 4. 216$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
3
SOL/USDT Outperforming Coins still Are you expecting $500 ..?#SOL/USDT TA Update :- $SOL is best outperforming Coin in Crypto Market. Total 200x ( 20582% ) up within 260 days. Insane performance ( from $1 to $215 ) Now..? As per TA SOL need solid retracement. And I can expect BIG Retracement. Keep an eye on every scenarios:- If Break down $138 level then We can see under $100 Strong support is $70-$78 Which will be best Entries. But Other side if breakout upward $170 then we can again see Mega Bull rally towards $500 But Already Too much up 200x So I am stay away from this coin. Support:- $138/$70 Resistance:- $170
Long
by CryptoPatel
3
SOL/USD - After a nice re-test of support, can SOL pump more?SOL corrected to our Fib 38% level as you can see on the chart exactly as predicted in my last SOL idea where I recommended a short for a nice 20% gains (idea linked below). Now the question is, did you buy support? If you did, you just made another 20% profit! Nice and this volatility from SOL is quite impressive. We find ourselves at the 23% Fib resistance level which is a bit of a conundrum because if on the higher timeframes the bias is somewhat bearish, I can definitely see SOL moving higher again from this level. We did a great re-test of our Fib 38% level and we could have clearance to go higher. Therefore, best to wait to see what happens at this current price level, if SOL manages to break-up and make our current resistance support, we're good for some nice gains still and maybe even a new ATH... if we fail to pass this resistance then our support may need to act and hold the downfall again. If we re-test our support again, it may not hold a second time. But that is speculation, we need to wait for price to make a decision here, then the path will become much clearer. Like and follow if you liked this idea!
by DU09