Solana Analyze (Short term, Timeframe 4H, 12/19/2022)!!!📱Solana was able to break the support zone by Breakout Candle.
I expect that the pullback to the lost support zone is still ongoing, and after Solana's pullback, it will drop to the target I specified on the chart.
Solana Analyze ( SOLUSDT ) Timeframe 4h⏰ (Log Scale).
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Solbtc
It is still a downward trend in all time frames!We have considered support in the past for Solana at $12.25-$12.75, and in this area if buyers find good support, we can see a positive swing from Solana for the coming weeks. For the short term, the resistance range of 14 to 14.2 dollars for Solana is the resistance that has prevented the upward trend in the 1-hour time frame, so Solana's trend is still downward in all time frames, and for the price to grow, it must be within the mentioned support range. Look for signs of reaction, or we should wait for the current resistance to break and the price to stabilize above this level.
The point where you can get the power to rise is...hello?
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(SOLBTC 1W chart)
The key is whether it can rise above 0.0008 297 to gain momentum.
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(SOLUSDT 1M Chart)
Whether it can rise above 38.79 is the key.
(1W chart)
The key question is whether it can rise above 24.54 and break out of the downtrend line.
So, you need to make sure you can get support in the 24.54-38.79 interval.
(1D chart)
The key is whether it can be supported by rising above 13.04-14.32 and rising above 19.12.
If not, you should be cautious as there is a possibility of a decline around 6.70.
Importantly, the interest is in how to lead to breaking through the two trend lines that need to be broken upward.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Positive divergences of RSI!SOL had quite a range trend during the last week. The price is still on the support zone that has been temporarily broken. Last week, resistance in the range of $13.95 to $14.5 was considered for Solana, and there was no attempt by buyers to break this resistance. Therefore, if the market corrects and prices decrease, Solana will be one of the vulnerable currencies, which can break its support in the $12 range. In this case, we can expect the next target for sellers to be in the range of $8.7 to $8.13.
The positive divergences detected in the 4-hour time frame by the RSI could be a sign of price growth, but buyers need to at least push the price back above the $14.5 range so that we can expect short-term upside for Solana. The resistances in the $17.7, $20, and $24 ranges could each be associated with a reaction, as the previous bearish wave was very strong. The closest support to the current price is in the $12.25-$12.50 range; if this level is broken, the decline could continue.
The price trend in the daily time frame is still bearish!After the continued pressure of sales in the market, the price of Solana fell to $11, but the increase in demand and the entry of a good amount of capital into the market caused this level to be fake broken. Currently, Solana is trading on support in the range of 14 dollars. There is upside potential in the 4-hour timeframe. If it happens, we can expect further price growth after the pullback to the support levels in the $14 and $13 channels.
Short-term targets for Solana are in the range of $16, $18, and $19.5. Considering the positive divergence identified for Solana in the 4-hour time frame, this price increase is possible up to the desired resistance levels. Also, with the Fibonacci retracement in the downtrend, the ranges of $17.7-$20 will be identified as serious short-term resistances, which can be profit-saving areas for short-term buyers.
But if the power of buyers and their support continues after the price hits this resistance, we can expect the possibility of breaking this resistance and continuing to move up to the $24 resistance. Note that the price trend in the daily time frame is still bearish.
Solana (SOL) - November 23Hello?
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(SOLBTC 1W chart)
Whether it can rise above 0.0008 297 is the key.
Receiving resistance at 0.0008 297 means that the uptrend is waning, so you should be careful with your trades.
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(SOLUSDT 1W chart)
In order to turn into an uptrend, it must rise above the HA-Low and above the MS-Signal indicator.
So, the question is whether it can rise above 32.87.
In order to do that, it is important to be able to sustain the price by rising above 19.12.
(1D chart)
The key is whether it can rise above 14.32 and receive support.
If not, it is expected to lead to further declines.
Since the upward force is waning, when the price soars, it is judged that it is necessary to sell to preserve the profit and loss of the holdings.
If the upside power is lacking, I don't expect it to rise above 19.12.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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The power of sellers is still high!SOL, which was accompanied by very high selling pressure in the past weeks, has stopped this week on the support of the $11.85 to $14.40 range, but the strength of sellers is still high, and if more selling pressure is formed in the market, the possibility of breaking this support and falling There is a heavier for Solana currency. In this case, the next support for Solana is considered in the 4 to 4.40 dollars range.
Considering that the candle closed last week at a great distance from the previous bottom and dropped 59%, price targets below $10 for Solana cannot be far from the mind. All the conditions of this currency depend on the short-term trend of Bitcoin and maintaining the support of the $15,000 channel. If Solana's current support is broken, the price of this currency can fall to the first target range of $8.7-$8.13. In the 4-hour time frame, Solana's trend will not be bullish until the price above the $18.5 level is reversed.
SOLUSDTPERP - no activityThere are no active buys on the chart, so far the price is moving in a narrow range.
The cryptocurrency is expected to continue its decline. "Traders are nervous about the value of SOL and the possibility of massive liquidations. SOL is a pledged asset that is likely to be liquidated as FTX/Alameda needs to raise cash. The entire Solana ecosystem has also been affected, affecting tokens created in the blockchain of the same name. In particular, the decentralized funding protocol Solend experienced a spike in liquidations, causing $3.5 million in debt on the platform.
After the previous impulse movement the price of the instrument fell by 75%.
For the given period of time we see the formation of the 9-18 range, we watch for the development of the situation.
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your loved ones.
Is SOL Solana the new LUNA ???The head and shoulders bearish chart pattern reached its target:
Solana was halted today!
A known bug relating to durable nonces was triggered on a majority of validators,
It hadn't been triggered in this form previously!
That lead to a block hash mismatch and validators stalling!
I think we are going to see more attacks on weak blockchains and stablecoins.
I wouldn`t be surprised to see SOL Solana going even lower!
Looking forward to read your opinion about it.
SOL-next stage of the dot-com bubble explosion in cryptoprojectsWhile you were all watching the grandma on the plane measure the size of the genitals with the Chinese grandfather, hackers gained access to the funds of the owners of Solana wallets, stealing millions of dollars.
There is a full-fledged epoch-making economic war. Life is the desire of some organism to adapt its expectations to the objective reality. The ability to predict the future, or at least notice its changes, will help you earn or not lose money.
We have reached the next stage of the dot-com bubble explosion in crypto projects: bursting, hacked, and not-thought-out projects - inflated (for example, Luna). It all will burst and become fodder for new ones. The crypto will develop, but this does not mean there will be growth now.
Behind the fall of the stock and crypto markets, the real estate market is waiting for you. The global real estate market will inflate again. This time the reason is China and India.
You may not be an economist, but I think you have heard about economic cycles. The scenario is always the same: VCs go first because no one wants to take more risks, then the high-tech stock market goes down because no one invests in hard research that might not pay off. Then industry indices. When all falls - precious metals and cash rise. People hedge the risks and flock to buy real estate, burying money in concrete instead of increasing turnover.
As a result, they destroy the real estate market, trying to save money and making it illiquid. Keeping money under a mattress or real estate is wrong for a recovering post-COVID economy.
Even more "interesting" times await us. Create turnover and business processes along with jobs, rather than stockpiling for a rainy day. Stocks will not save if they suddenly depreciate, but turnover and workplaces will help.
Best regards,
EXCAVO
SOL recorded its steepest historical drop during the past week!SOL recorded its steepest historical drop during the past week. The currency was breaking its resistance in the $35 range. With this sharp drop, its price in the futures market even reached below $10. But a small part of this devaluation was compensated in the last two days. The condition of this currency is still very worrying. The bottom of Solana's long-term descending channel has been temporarily broken. Due to the high angle of the price meeting this support, there is a possibility of a complete break of the $10 support if the market continues to decline. In general, the support we can consider for Solana ranges from $11.85 to $14.40.
Solana has a bearish trend in most time frames. If the selling pressure increases in the market, there is a possibility of breaking this support and falling further to the range of 9.10 to 8.5 dollars. In the 4-hour time frame for a trend reversal, buyer support is needed to keep the price above the $15 range. Therefore, the return of the price below this range can make the trend downward again in 15 minutes. Changing the trend in the 1-hour time frame requires breaking the $20 resistance. To see signs of price growth, we should wait for a positive divergence on the RSI in the 4-hour time frame.
SOLANA - It's not as bad as it looks.After stopping the downtrend on the chart, there is a breakout with a breakout of the historical support level. In order for this breakout to be considered false, the price needs to return above support with bars of renewed buying on rising volumes.
There are sales through the claymatic, to confirm the purchases you need a test of this buyer, which stands at 12-15. Observe.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
UPDATE 1: Battle planning on Solana looking at EthereumTLDR: I waited over 4 months for the trade to get to the point I would put a short on. The next move is to short to the buybox. See the linked idea for more context
Introduction
I have spent a lot of time looking at blow off tops and parabolic moves over the last 450 ideas and 5 years with the goal of being able to benefit from these natual phenomenon of mass psychology. One thing I greatly desire for my trades now is what I call "chart clarity" where the better a asset looks to be following a pattern I know the more I want to trade it.
I plan on following this fractal for the next couple of year so long as each step gets confirmed. I hope to make a lot of money doing this and hopefully others can benefit.
Analysis and battle plan
ETH was prety volatile during the last bull run and bear market but once we zoom back it was just a simple ABC correction with a final consolidation at the Fib Extension 1 level before a final quick move to target. In that case the C wave was a 1.618 extension of the A wave.
As I chart it, Solana's C wave will be a 2x extension of the A wave. Ethereum had a symmetrical triangle that it broke out of when it was done consolidating at the 1 line but Solana has an even more bearish continuation pattern, a bearish rising wedge on a flag pole.
Price action can be inconsistent depending on the exchanges being looked at but the target is the blue buy box. If price wicks below that into the area of the muave-ish circle then that would be too low for me and would make me think the pattern could be off going forward.
The chart below shows some smaller time frame structure. There is a head and shoulders formation that should facilitate price breaking down out of the wedge in dramatic fashion.
A look at SolBTC shows a black head and shoulders making up the top of a right shoulder in blue heand and shoulders. That SOLBTC sell pressure should create a lot of sell pressure on SOLUSDT.
Further battle planning
If price consolidates in the buy box as predicted the next big move I would want to play would be a long with price action going up to the base of the bull trap, which is the end of corrective wave A and the beginning of wave V. As I study this fractal on smaller altcoins I have seen some rallies move quite a way into wave B but others have died within pennies of the beginning of Wave B. I shan't be greedy.
Solana (SOL) - November 8Hello?
Welcome, traders.
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Have a good day.
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(SOLUSDT 1W Chart)
Whether it can move higher than 58.38 is the key.
To do that, we need to see if we can move above 37.35 and see if we can find support.
(1D chart)
As it fell to around 29.28, it returned all the upside.
The key is whether it can find support near 29.28 and move above 32.87.
If it doesn't, it's likely to drop below 24.54.
It is important to find support near 29.28 to move above the M-Signal line on the 1W chart.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(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.)
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Solana Analyze (Short Term, Timeframe 15min,11/07/2022)!!!Solana was able to complete wave 4 on PRZ(Price Reversal Zone), while the wave was an extended wave.
I expect Solana will go down at least to the support line.
Solana Analyze Analyze ( SOLUSDT ) Timeframe 15min⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.