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Solana – Low risk – High Reward TradeTLDR: • If SOL can reclaim the range low, it could be a lucrative long trade; possibly a 70% profit. Background: • On the 29th of December 2022 Solana made its bear market low. My basic premise is that if SOL reclaims the range low, it will not go down to this level in the foreseeable future. • Solana is trading in a range since January 2023. The range low is at 15.59$. The range high is at 26.6$. • On June 10th, Solana went under the range low to 12.6$. • Solana left a wick but, it retraced to fill more than 50% of the wick. • ATM, it is not clear that the bottom is in. However, if Solana can reclaim the range low and test it as support, it could go as high as the range high. • IMO, SOL could be a low-risk, high-reward opportunity because of the close invalidation. Trade Idea: • Entry: 15.65 After retest as support • SL: Below the last daily candle, approximately 15.15 • TP: 18.24, 21.52, 26.45. Leave a moon bag. NFA What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto
3
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. CHART ANALYSIS:- Solana (SOL) also fell big in today’s session, losing over 9% of its value. After a high of 21.54 to start the week, SOL/USD slipped to an intraday low of 19.42 earlier today. Following the plunge in price, Solana fell to its lowest point since May 27, when it was last below 20.00. today’s decline came as a result of a breakout that occurred on the RSI indicator. Price Strength fell below a key point of support at 42.00, and is currently at a reading of 40.63. In the event that bearish pressure intensifies, the next target could be a lower floor at 18.50. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
6
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. CHART ANALYSIS:- Solana (SOL) also climbed higher in today’s session, with prices colliding with a key resistance level in the process. Following a low of 20.38 on Thursday, SOL/USD surged to a peak at 21.30 earlier in the day. Since hitting the aforementioned ceiling at 21.30, momentum has somewhat weakened, due to bulls securing earlier gains. Another reason for this is that the RSI is close to a resistance level of its own at 55.00, leading traders to act more tentatively. The index is currently tracking at 53.64, and should it eventually cross the hard line at 55.00, bullish pressure will likely increase. Some may expect this to happen over the weekend, as traders continue to digest today’s economic data. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you.....
by CryptoSanders9563
SOL/USDT 1DAY UPDATE !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run. SOL/USD surged to a peak of 21.49 earlier in today’s session., which comes after Sunday’s low of 20.65. As a result of this rally, Solana moved to its strongest point since last Monday, when the price was close to 22.00. One of the catalysts of today’s gains came as the 14-day relative strength index (RSI) broke out of a ceiling at 45.00. The index is now tracking at 48.31, which is its highest reading in almost ten days of trading. Should current sentiment extend throughout the week, there is a good chance SOL will be near its long-term resistance at 24.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you.....
by CryptoSanders9563
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) remained in the red as the coin extended its recent decline to a third session. After hitting a high of 22.74 on Sunday, SOL/USDT fell to a low of 21.01 earlier in the day. Monday's price drop has sent SOL to its long-term support point of 21.00, resulting in its lowest level since April 26. The coin has rebounded from the previous lows as the RSI has found its own floor at the 44.00 mark. As of writing, price strength is tracking at 44.57, with a range of 49.00 a potential target for the bulls. If momentum picks up, and more bulls re-enter the market, this could lead SOL to climb above 22.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you.....
by CryptoSanders9563
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) was another notable mover on Monday, as the token fell for a third consecutive day. Following a high of 23.93 on Sunday, SOL/USD slipped to a bottom of 22.05 earlier in the day. This bearish spell started after bulls were unable to force a breakout beyond a ceiling at the 24.00 mark. One of the catalysts for this was the RSI, which also failed to surge past a key resistance level at 55.00 As of writing, price strength is tracking at 48.58, with the next visible floor at the 45.00 zone. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you.....
by CryptoSanders9563
SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS: Solana (SOL) started the week close to a two-month high, despite crypto markets starting to consolidate recent gains. SOL/USD touched a high of $24.75 on Monday, before falling to a low of $22.68 less than a day later. The move means the coin remains close to this weekend's high of $25.03, which was the strongest point for SOL since November 8th. From the charts, it appears that sentiment is still somewhat bullish in Solana, which continues to track above support at 80.00 as the 14-day Relative Strength Index (RSI) continues to track. As of writing, the index is tracking at 80.18, with Solana trading at a $23.42 price point. If the index stays near 80.00 in the coming days, there is a possibility that SOL may once again move toward $25.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
4
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS: Solana (SOL) Solana is one of the worst performers in 2022 after a 96% price crash since its all-time high. To make matters worse, the price of SOL also lost 22% of its valuation in the past week. Furthermore, the cryptocurrency also declined below $10 and is currently struggling to stay above $9. Considering the historical price action, Solana is unlikely to find good support until $5. Such a drop in price after reaching around $260 in 2022 is surprising. This most recent accident can be attributed to significant projects and developers choosing to move away from Solana after the FTX explosion. That has shaken investor confidence in its future, with the outlook turning grim for Solana as it enters 2023. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
SOLANA and Mass Adoption drive the coinBINANCE:SOLUSDT Solana make a partnership with Google Cloud and in next year we probably can see a digital EURO based on Solana blockchain ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️This is a global chart. Downtrend line broke and 22 August wee saw retest on D1 ➡️Long time period in accumulation zone -0.27 zone by fib usually investments area ➡️In case if SOL capitulate by my opinion last stage for SOL is 19-17 yearly support zone ➡️Strong signal to buy on Direction indicator confirmed ➡️Not sure in middle term if Sol will break previews ATH so minimal target where you can take a profit is 160-168$ per Sol ➡️Mass Adoption for next bull run can push price higher for SOL but remember - the big investors bought this coin on pre sale at 0.20 cents! Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Updating the SOLUSDT chart from 4H to 1D - targets and stoplossHi everyone, let's update today's SOL analysis on the 4H interval as you can see The price went up a lot and on 1D intervale we got out of the downward trend line, breaking the previously designated short targets. Let's start by setting goals for the near future that we can consider: T1 - $ 31.60 T2 - $ 31.86 T3 - $ 32.06 and T4 - $ 32.27 Now let's move on to the stop loss in case of further market declines: SL1 - $ 31.35 SL2 - $ 31.04 SL3 - $ 30.79 SL4 - $ 30.54 and SL5 - $ 30.19 Looking at the CHOP indicator, we can see that in the 1D range we still have a lot of energy for further moves, while the MACD indicator shows that in the long term we are entering an upward trend.
Long
by cryptodailyuk
6
2022 SOL = 2017 ETH?2022 $SOL = 2017 $ETH ⁉️ 2022-2023 #SOLBTC vs 2016-2017 #ETHBTC 76-80% down move ~1 year in duration after huge advancement up, we all know what happened after that for ETH in 2017 - one of the largest parabolic advances known to mankind. SOL is my #1 bag, ETH was my #1 bag in 2017. I now use SOL 100x more often and frequently than I use ETH (I still hold a large amount of ETH, but much heavier SOL). SOL metrics are blowing ETH out of the water - check transactions made, NFT's bought/sold, users.. the list goes on. If we don't go extended bear here, SOL should be a big contender for a nice close to 2022 and into 2023. #Solana #SOL #SOLSZN #NFTSZN much love, -@CryptoCurb
Long
by CryptoCurb
SOL 30% PUMP ON THE WAY?SOL is looking bulllish on daily timeframe and 4 hr timeframe , It formed a symmetrical triangle and breaked it on daily timeframe upside which means sol is ready for a take off to the next resistance of 60-69$ which also a region of daily 200 MA and also technically target of symmetrical triangle of around 30-39% . We just want a retest for confirmation, BUT BUT BUT...... still fundamentals will play a major rule for solana future for more and regular update follow our account.
Long
by mastertrader690