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Solforecast

SOL → Solana Double Top Reversal!? Are We Going to $40 or $80?Solana is struggling at Previous Resistance showing signs that a major reversal is near. If the price fails at this level and leaves a raging red bear candle, what does that mean for the next trade? How do we trade this? 🤔 There are two ways to handle this chart, short scalp or wait to long. We cannot long at resistance, the Risk/Reward AND Probability are all bad, best to wait for a pullback to the 30EMA and look for a bounce. The RSI is above the Moving Average, but also over 61.00 and given the other data points, is weak evidence to support a long position. It may be reasonable to short-scalp this chart with a 1:1 Risk/Reward Ratio, entering the market on a smaller timeframe of the 1HR or 4HR chart looking for a bear confirmation candle. Scalp to the $52.35 area then move your stop up to the entry price, take another profit somewhere below the Daily 30EMA or whenever you see a bull reversal bar. This trade has a lower probability on this chart because we technically don't have a bear confirmation candle, which is why I recommend playing a smaller timeframe for a scalp and maybe swing the rest. Wait on the sidelines for a long. The Alt market is still relatively weak even though Bitcoin is showing some nice bullish price action, so we really need bullish confirmation candles to justify entering the market. 💡 Trade Idea 💡 Short Entry: $61.50 🟥 Stop Loss: $69.65 ✅ Take Profit #1: $52.35 ✅ Take Profit #2: $45.20 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Breakout to Downside of Bull Channel, Bias to Short. 2. Bear Breakout, Watch for Sell Signal. 3. Potential Double Top at Previous Resistance. 4. Still Above 30EMA, Watch for Support. 5. RSI at 61.00, above Moving Average. Bias to Long. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
2
Financial Wave. SolanoVerbal speculation in the cryptocurrency market is a frequent occurrence. One example is the news that rumors have spread online that Google is buying 2,800,000 Solana. Martin Folb, CEO of Token Dynamics, wrote about this in his microblog (twitter.com). “Google buys 2,800,000 Solana at $10/SOL. Google now owns the 13th largest crypto wallet ,” wrote Martin Folbe. Commentary: The reaction of the market is to pump prices, but if the news is fake, a dump occurs immediately. We look at Solana through the prism of the wave principle. We decided to evaluate the global outlook for Solana and despite the strong decline, there is huge potential for growth. The fall in wave (2) looks complete or almost complete. Rising in wave (3) could bring Solana prices above the all-time high of $260. If the price of Solana falls below $8, our view will change.
COINBASE:SOLUSDLong
by Financial_Wave
1
░▒🔮░ SOLANA FORECAST | 1D ░🔮▒░COINBASE:SOLUSD CRYPTOCAP:SOL THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".) CRYPTIK-ONE: Hey Eve, can we talk Solana ( SOL ) for our tradingview.com friends/followers? I took a look at this one long-term for someone and I would like to know your thoughts on this coin from an investment standpoint. EVE: Thanks Cryptik. Solana is a fantastic project with great tech, talented founding team and same team doing their best to make sure the community is involved and informed since day 1. The goal of their project is to create an efficient and decentralized protocol for deploying fully-automated DApps on mobile phones. Their project showcases a lot of firsts, from the tree-chain architecture that capacitates millions of transactions per second (unlike current blockchains like Bitcoin and Ethereum that cluster transactions into blocks by time which limit them to around 7 tx/s), to the fact it's network being powered by renewable energy, to the interplanetary content delivery network (ICDN) it implements. You can find further info about their tech here: solana.com As I mentioned, the leading team behind this project has been extremely transparent with the community, publishing articles that explain Solana in simple terms everyday, doing their best to incorporate feedback from the community into their development process and taking part in AMA sessions on their telegram channel. They even have a public Trello board with the goals they aim to achieve in the following weeks/months listed there. It's not only one of my favorite teams in crypto, but also one of my favorite projects out there in general. The only thing that concerns me about this project is whether its volatility hinders it's mainstream adoption as of now (which does concern me because I think Solana deserves more attention than what it gets). CRYPTIK-ONE: Interesting. Thank you. I checked out the website. This project seems very robust. I am posting a forecast projection based off of historical fractal patterns and using the Sine Line and Gann Box to measure the Peaks/Cycles Oscillation(s). You can see my forecast here: You can see from July 10th to August 22 we will have almost a 200% gain from a dip to $44 on July 10th to a Peak at $133 on August 22nd. EVE: Great point. It's certainly not the first time we've seen this project at a high price, it was even above $130 a couple of days ago and already experienced price corrections up to 96% before. It will certainly pop up again for another pump soon though. CRYPTIK-ONE: Yeah it was $130 in the beginning of April. It's ATH was $250 in Nov 2021. So it has history and potential. This coin is looking good all around in my book. Anything to say to our friends/followers before we go? EVE: There are currently many exciting projects going on in the background that I'm personally interested in, whether it's onchain or offchain scaling solutions (like plasma or ethereum 2.0), hardware projects like lightning network, proof of stake or sharding protocols and so on. But I think we're approaching a transitional period in crypto where those challenges will soon be addressed. We might still see corrections from the mini-bubble we've seen at the beginning of 2018, and maybe even another price dip even further than that, but overall I think we're looking forward to getting some good news coming out and implementing new technology sooner than later. CRYPTIK-ONE: Oh no please never mention the "Lightning Network" Satoshi did not like this and neither do I. It takes transactions off of the blockchain and onto another. Look at the history of it. Anyway your other ideas and thoughts are good. EVE: Thank you and please follow us for more great crypto insight/analysis. Also, keep in mind I am not a financial advisor. Anything I say is my opinion and your funds are yours to do with as you wish. Do your own research and invest wisely. Even if a trade has gone well in the past, it doesn't mean it will necessarily work in the future. Also, while researching make sure you're not wasting your time on youtube as they get paid to promote crappy cryptocurrencies that will die off in the future (that even I can't predict). TradingView is a fantastic platform to make charts on though! CRYPTIK-ONE: Thanks Eve, as always! Peace Out Girl Scout. EVE: Take it easy Cryptik!
COINBASE:SOLUSD
by CRYPTIK1
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 _______________________________ 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 :)
by P_S_trade
22
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick SOL/USDT analysis. I have tried my best to bring the best possible outcome to this chart. Reason of trade:- SOL/USDT 12hour analysis look bullish chart and buy green zone Entry:-CMP and GREEN zone Traget:- $120 $140 $155 $170 $190 $230 $260 Stop loss:- $68 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section.
Long
by CryptoSanders9563
1
SOL/USDT 12HOUR UPDATE Welcome to this quick SOL/USDT analysis. I have tried my best to bring the best possible outcome to this chart. Reason of trade:- SOL/USDT 12hour analysis look bullish chart and MACD bullish crossover buy green zone Entry:- buy green zone Traget:- 75% to 100% Stop loss:- Greenline downside candle close Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section.
Long
by CryptoSanders9563
2
UPDATED: Solana Future Pivots This is an add-on to my previous Solana chart you can find in my profile. The only difference with this one is that it has the next 4-5 days (12-8-21 through 12-14-21 super dialed in) The accuracy on some of these lines goes down to the 5 minute level.... I'm expecting a significant kick off in price action within the next couple of hours. I can't tell you which direction the price is going to go in, but I can stand by most of these vertical lines. I continue to refine the method I'm using and so there is still some experimental stuff on this, hence the different colors and different sizes of the verticals....in general, the larger the line, or more it stands out on the chart, the more significant I expect the move to be. The small orange lines (Edit: Hmm they look kind of red actually) are quite new and I'm testing them from a dialed in accuracy point of view....hence, you'll see those lines near other ones I created and posted in the original chart....the deep purple lines are new as well. Anyway, this should provide a play by play over the following days even weeks ahead although there is more work to be done. I will continue to update these until I can post with more confidence the significance of the various verticals you see. Enjoy and trade safe! This is just an experiment not financial advice. If you like, feel free to follow to see updates as they come. I plan on doing this for many charts over the coming months.
BINANCE:SOLUSD
by xxxSALTHEART
1
Solana Future $$$ Pivots - ExperimentalWorking on an interesting project that will identify future price pivots. Filtering the signal is the most important part and that continues to be a work in progress. You'll see different colored lines, and the width of those lines vary. See notes below. Notes: Larger Lines tend to be more signficant. Oftentimes the larger the space between verticals can indicate a larger move up/down. Sometimes the verticals will indicate a top/bottom and sometimes, when you zoom out, you'll see that the vertical itself isn't hugely significant when zoomed in, but if you zoom out it can oftentimes be a more significant trend change. This isn't exhaustive. I just happened to be messing around with the Solana chart and whipped this together. These verticals are very similar to the Bitcoin chart of course which I spend much more time on, but I am going to work on several to see if I can find any sort of significant divergence between dates/times and the main charts. Good luck. Note 2- should be some pretty significant moves coming up very shortly.
BINANCE:SOLUSD
by xxxSALTHEART
5
SOL - 12h - Buyers need to hold down $125 to test $220Slowly but surely, the SOL price correction came to an important range of $125-132. Moving in a clear correction channel, the SOL price showed that sellers are not yet ready to take the global initiative into their own hands. This is noticeable both in the trading volumes, which are lower during the correction than during the growth, and in the rate of movement. If it took buyers two days to raise the price from $125 to $216, sellers went that way in 12 days. At the moment, there are two main critical points for the SOL market - these are the $125 and $ 5 mark range If you look at what trading volumes the mark of $125 has stood on September 7, it becomes clear that there is an interested buyer who will not miss the SOL price without a fight. The second important range of $175-185 played an important role during the SOL price rally from September 5th: As you can see on the chart, it was in this range that the main SOLANA sales took place. Buyers managed to raise the price above this range, but there was no more active growth in the market. Considering the high probability of a rebound in the BTC market after the $40,000 test and the low level of BTC dominance, the SOL price has a great chance of pushing the $220 mark. For this, however, we expect to see another $125 durability test. As you can see on the chart, the SOL price is moving in the global growth channel . Testing the strength of the lower trend line can be a powerful trigge r for the formation of a new wave of growth. By analyzing the SOLBTC chart we can conclude that a new local growth wave may not outgrow the global one: The correction that started in the SOL market is too weak to lay the foundation for a new rally. Therefore, globally, the SOLANA market has not yet completed its correction in our opinion, and you should be careful with long-term long positions.
by P_S_trade
50
Sol Chart Analysis ? Solana #SOL USDT 4H Chart SIGNAL by CryptolernersBD ♻️ Sol Here Looking Juicy But I Will Suggest All Of You , Buy After Breakout $165 Price. If Price Successfully Close Above Then We Will Take Entry. At This Moment Lot's If Trader Taken Entry After Breakout The Triangle Pattern. Now Price Can Br Manipulated To Hit Their SL Or Complete The Head & Shrouder Chart. If You Are Following My Chart Than Wait For Breakout My Price Range. And Our Stop-Loss Will Be The 4H Candle Closing Below The $149.5. Don't Forget To Manage Your Risk. Always Use Stop-Loss & Wait For Breakout ...✅ 1D Chart...
by SajjatHossen
2
SOL 12h Growth conditions for Solana price x3-x4 in the ideaWe have another trading pair in SOLUSDT analysis, which was voted under our "Bitcoin Weekend #17" idea Most likely, the pair SOLUSD caught the attention of traders with its non-stop growth. And really it is not a bad growth of +270% in one month. This SOL price growth reached the first target of $79 from our previous idea. Today we only stretched the fractal a bit in time from our previous idea, and why change it when everything has been working for a month already? ) We need to watch the $60-63 price zone closely now. If buyers become active in this price range, and trading volumes start to turn green and grow, it will be a good sign for the continuation of growth. The upside targets for the Solana token, according to the fractal, are $115 and $150. If the sellers push down and fix the price below $60, the SOLUSDT price is likely to head to the $42-50 price zone. The levels of $42 and $50 should be kept in mind as key levels for placing buy orders. Yes, according to this scenario, the growth will be less dynamic in the time than according to the fractal, but the targets from above for growth are unchanged: $80-115-150. _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
67
SOL 1D Waiting for the crypto to fall? But Solana can give X up!Two months ago, we made a global idea for SOLUSDT, where we warned that another upward impulse is possible, but it will look more like a convulsion than a strong growth. And so it happened ... And then the next part of the forecast worked out and the SOLUSD price fell by -67% Let's try this time to make a forecast similarly. The May fall stopped at $19, above the liquidity zone, which is a good sign. When the BTCUSDT price updated the low on June 22, the SOLUSDT price did not repeat this maneuver, that is, theoretically, there is a strong buyer who is ready to contain the fall with his resources, so that investors do not sell out in panic. The volumes to be bought out are decent, and, accordingly, large resources were used to curb the fall. And in order to compensate for the costs, it is necessary to further push the price up to and start a strong growth. Summing up: - If the buyer does not allow the SOLUSD price to fall below $26.50, then it is worth trying to go long, since a good rally may be organized ahead. The first target is above $79-89 , and even above $115-130 - You can start to panic only when the SOL price is pushed below $20 . After that, a real price can become $12-13 for the token of the Solana project _____________________ 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 :)
by P_S_trade
27
SOL 1D Careful, the end of growth is nearToday we present to your attention the analysis of the SOLUSDT trading pair. We see that Solana is growing on the hype wave, with almost no corrections. Share your thoughts and news in the comments that could lead to continued growth. If we analyze purely, then what can be seen on the chart, we see a parabolic growth, almost already vertical. Perhaps there will still be an impulse up to $62 But be very careful, because after such an increase there will be a -60-80% correction !!! Which, by coincidence, falls into the liquid zone of $13-16 Below are some of our recent ideas, where there were similar situations on the charts and you can evaluate how they worked: WINKUSDT FILUSDT HOTUSDT STORJUSDT _____________________ 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 :)
by P_S_trade
57