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Solpriceprediction

Solana (SOL) to $310 in Q3-2023 (continuation)This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading. The bear pattern seems to be broken , it's following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310. That said, it would indeed be a good time to buy if you would follow this idea. The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge , that is if we break through the current bear pattern (which we just broke through as we speak). As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness. We're still in the phase of resistance, the very first step into the journey of acceptance. Google it, it's worth a read and applies to many concepts like crypto. Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking. Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere. Let me know what you think, thanks for reading. Thumbs up to this post are sincerely appreciated. ~ Murkemur
BINANCE:SOLUSDLong
by Murkemur
5
$SOL in medium termThis is my points of view about the medium term for $SOL. Following the downtrend channel, the price has just finished 5 corrective waves and now turns to ABC or ABCDE in accumulation zone. So, we need to consider about 1/ the breakout zone to get over the downtrend totally (>137), this resistance is very strong. 2/ the resistance zone to confirm the uptrend (>157) 3/ In case, the price can not get over the resistance, it will pullback to the accumulation zone to retest and confirm C (>100<) or D-E in the range of 80 NFA
by binhdangme
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