ADD DARK MAGA $DMAGA on to your WatchlistInteresting structure
and action on this S coin on #solana
Elon very briefly changed his X pfp to the dark maga colours
if thats all you need for a fundamental reason ... thta's a pretty good one
But on a technical level we have a higher low
let's see if it can break through that key level and form. large inverse head and shoulders
SOLUSD
Bullish Long Term Setup For SOLUSDThis is a longer-term long setup for Solana: it is based on a hidden bullish divergence in the OBV.
We have chosen the D2 timeframe so that the trade should unfold within around two to eight weeks.
The setup does not contradict our bearish analysis for BTC, which is based on the H3 timeframe.
Accordingly, Solana could also initially fall back to around USD 150 or below and then rise.
Second big shortAnalyst AhmadArz📊
🕹 Price Action: The chart shows a recent drop followed by a retracement, indicating a potential continuation of the downtrend. The price currently sits below a significant resistance level around 184.93 USDT, which has previously acted as a barrier to further upward movement.
▶️Entry : 165.94 USDT
🔴Stop Loss (SL): 174.87 USDT
🎯 Target Points (TP): Four target points are marked on the chart:
- TP1: 158.45 USDT
- TP2: 150.62 USDT
- TP3: 140.21 USDT
- TP4: 130.04 USDT
These targets are aligned with the expectation that the price will continue to drop, offering potential profit-taking opportunities at each level.
🚨 Risk/Reward Zones: The red zone above the current price represents the potential loss area if the trade moves against the anticipated direction, signaling where a stop-loss might be placed. The grey zone indicates the profit area, showing the expected price levels where the trader might consider exiting the position to secure gains.
🔍Simple: Loss or Profit: This annotation underscores the straightforward nature of the trading signal—either the trade will hit the stop-loss and result in a loss, or it will reach one of the target points, leading to a profit.
The overall sentiment in the chart points to a cautious but calculated bearish strategy, aiming to capitalize on the expected downward movement in the SOL/USDT pair.
Thank for boost this idea.🙏✨
SOLUSDT Set to Break ATH, Watch for Big Up move.SOLUSDT is demonstrating strong bullish momentum as it advances towards its all-time high (ATH), having recently broken through key resistance levels. With the current trajectory suggesting a potential surge, traders can expect a significant upward movement that may surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to safeguard your investments against unexpected market fluctuations.
SOLUSDT (1D Chart) Technical analysis
SOLUSDT (1D Chart) Currently trading at $193
Buy level: Above $188
Stop loss: Below $165
TP1: $200
TP2: $215
TP3: $230
TP4: $260
Max Leverage 3x
Always keep Stop loss
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Solana: The High-Performance Challenger to Ethereum
Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike.
One of the most compelling factors driving Solana's growth is its impressive performance metrics. The blockchain boasts a significantly higher transaction throughput compared to Ethereum, enabling it to handle a larger volume of transactions without compromising speed or cost-efficiency. This advantage is crucial for applications requiring rapid and scalable operations, such as decentralized finance (DeFi) and gaming.
Furthermore, Solana's Total Value Locked (TVL) has been steadily increasing, indicating growing confidence in the platform's capabilities. As more projects and users migrate to Solana, the ecosystem becomes more robust and attractive to new participants. This virtuous cycle has the potential to accelerate Solana's growth trajectory.
Experts in the cryptocurrency industry are increasingly bullish on Solana's long-term prospects. Many believe that the platform's technological superiority could enable it to surpass Ethereum as the dominant smart contract platform. While Ethereum has a substantial first-mover advantage and a vast developer community, Solana's performance advantages and growing ecosystem are challenging this dominance.
Recent developments in the cryptocurrency market have further fueled optimism about Solana's price appreciation. The approval of Bitcoin ETFs by regulatory bodies has injected a wave of institutional capital into the crypto market, potentially benefiting all cryptocurrencies, including Solana. Additionally, the anticipation of an altcoin season, a period of heightened interest and investment in altcoins, could lead to significant price gains for Solana.
However, it's essential to approach any investment with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Solana, like any other cryptocurrency, faces risks and challenges. While the platform has demonstrated impressive growth, it's crucial to conduct thorough research and consider the potential downsides before investing.
In conclusion, Solana's combination of high performance, growing ecosystem, and positive market trends positions it as a strong contender in the blockchain space. While the competition with Ethereum is fierce, Solana's ability to deliver on its promises could propel it to new heights. As always, investors should exercise due diligence and carefully evaluate their risk tolerance before making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
#SOL/USDT#SOL
The price is moving within a descending channel pattern on a 1-day frame and is expected to reach the upper limit of the channel, which is a resistance level
We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 120
We have a trend to stabilize above the moving average of 100, which supports the rise
Entry price 150
First target 164
Second target 174
Third target 184
Solana Is Still Bullish, Eyeing All-Time HighsSolana with ticker SOLUSD is one of the strongest cryptocurrencies in the last year, ideally unfolding a five-wave bullish cycle.
Despite recent slow down in the Crypto market, it can be just finishing a nice flat correction in wave 4 at the channel resistance lines and with the same length as wave 2.
So, still watch out for a bullish resumption within 5th wave that can push the price towards all-time highs.
Is money moving from Ethereum to Solana?Solana quoted in Ether is in a decisive region.
It has already broken the 2021 high, but it is necessary to be aware of a possible bull trap.
It is interesting to note that Solana's TVL¹ is still 9% of Ethereum .
We obtain this number by dividing the TVL's.
So the chart shows a break above the 2021 all-time high, when it was 8.64%:
However, in the USD quote, the price is in a turbulent region; there may be false breakouts up or down.
¹ Total Value Locked:
total value of assets that are locked in a DeFi protocol through smart contracts
SOL - Reversal Trade#SOL/USDT #Analysis
Description
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+ The price has once again tested a crucial support level for the third time, a zone that has proven resilient in past corrections. This setup presents a potential trade opportunity as the price targets a strong resistance level aligned with the previous all-time high (ATH).
+ There is a favorable trading opportunity from the current support zone up to the resistance level.
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VectorAlgo Trade Details
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Entry Price: 143.79
Stop Loss: 106.86
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Target 1: 160.52
Target 2: 172.89
Target 3: 194.87
Target 4: 233.20
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Timeframe: 3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
SOL/USDT NEW INCREASE VOLUMESOL/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
SOL maintaining an upward trendHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(1M chart)
Due to this change, the HA-High indicator on the 1M chart is showing signs of moving to the 147.74 point.
Accordingly, we need to check if it can receive support and rise around 0.707 (135.56) ~ 0.786 (149.62).
-
(1W chart)
We need to check if it can continue the upward trend along the upward trend line.
If not,
1st: 0.5 (98.71) ~ 0.618 (119.71)
2nd: 0.236 (51.71) ~ 0.382 (77.70)
You need to check the support near the 1st and 2nd above.
-
(1D chart)
Unlike most other coins, it is one of the coins that is maintaining an upward trend.
Accordingly, if SOL is supported in this large downtrend, it is expected to create a new large upward wave.
-
A new buy zone is possible when support is confirmed near 134.96-147.74.
If it rises, the 168.41-179.89 zone will be the first sell zone.
Therefore, it is highly likely that a full-scale uptrend will begin when the price rises above 179.89 and holds.
The stop loss point is 112.24.
Since the stop loss point is far away, investment weight adjustment is necessary.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Solana's Resurgence: Can It Reach $170 After the Falling Wedge?Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly recover and reach its $170 target?
Understanding the Falling Wedge
A falling wedge is a technical analysis pattern that suggests a potential reversal of a downtrend. It is characterized by a series of lower highs and higher lows, forming a wedge shape that converges downwards. Once the price breaks out of the wedge to the upside, it often indicates a bullish trend reversal.
If Solana successfully breaks out of the current falling wedge pattern, it could signal a significant price increase. However, it's essential to remember that technical analysis is just one tool in an investor's arsenal, and it's not foolproof.
Factors Influencing Solana's Recovery
Several factors will determine whether Solana can achieve its $170 target.
• Network Performance: Solana's ability to maintain high transaction speeds and low fees is crucial for attracting developers and users. Any issues with network stability or scalability could hinder its price recovery.
• Ecosystem Development: The growth of Solana's ecosystem, including the number of decentralized applications (dApps) and projects built on the platform, is essential for driving demand for SOL tokens.
• Regulatory Environment: The regulatory landscape for cryptocurrencies is evolving rapidly. Favorable regulations can boost investor confidence, while restrictive measures could dampen enthusiasm.
• Market Sentiment: Overall market conditions, including the performance of Bitcoin and other major cryptocurrencies, will also impact Solana's price.
Challenges Ahead
While the falling wedge pattern is encouraging, Solana faces significant challenges. The recent crash eroded investor confidence, and it will take time to rebuild trust. Additionally, the competitive landscape in the blockchain space is intense, with other platforms vying for market share.
Furthermore, the broader macroeconomic environment, including inflation and interest rate policies, can influence investor risk appetite and impact cryptocurrency prices.
Conclusion
The possibility of Solana reaching its $170 target after breaking out of a falling wedge is certainly intriguing. However, it's essential to approach this with caution and consider the various factors that could impact the cryptocurrency's price.
Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Diversification is also crucial to manage risk effectively.
Ultimately, the success of Solana will depend on its ability to deliver on its promises, address technical challenges, and adapt to the evolving cryptocurrency landscape.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
SOLANA to FLIP ETHEREUM scenarioThis is the market cap of SOL divided by the market cap of ETH
It's important to look at the m-cap charts since the circulating of these coins are constantly changing.
Sol to flip Eth is a good bull market narrative that probably WON'T happen --- but could be still be very profitable.
The gap could close to where the pundits will start very talking about it. (This should be a take profit / topping signal when this noise becomes too loud)
As you can see. in the chart Solana has broken out of a ratio range
and appears to be setting up for an aggressive move after some more pressure being built up in that upward sloping channel.
Again this just a scenario that seems to be playing out .
No guarantees
watch and observe
look for good entries
no need to go all in
BUt having exsposure would not hurt.
I shared very early in the cycle that Solana would outperform ETH by multiples...
which has come to pass ... this would be the euphoric phase of the cycle where significant Hot and new money could pour into that particular #Blockchain casino.
#SOL/USDT#SOL
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 111
We have a trend to stabilize above the moving average of 100
Entry price 115
First target 125
Second target 135
Third target 146
SOLUSDT#Solana chart update: Solana is currently one of the most significantly dropped coins, having fallen almost 50% from its ATH. However, it has reached what seems to be its lowest point. We've arrived at the Fibonacci 0.5 support. I don't think it will go any lower from here. It might hover around these levels for a bit until the Iran-Israel issue calms down, and then it will likely be among the top gainers again. The time to renew its ATH will come. The expected scenario is illustrated on the chart.
SOL Eyeing a Major Breakout - Potential for Explosive Growth#SOL/USDT #Analysis
Description
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+ SOL is trading around $141.77, with the 21 EMA ($155.22) and 55 EMA ($144.13) in close proximity, which could serve as support and resistance levels, respectively. The 100 EMA is further down at $123. If SOL breaks above this resistance zone, it could signal the start of a new uptrend.
+ The primary resistance zones are around $165 to $205, with a potential breakout target toward the $920 leve
+ The RSI is currently neutral around 50, indicating that SOL is neither overbought nor oversold. This suggests room for further upward momentum if buyers step in.
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VectorAlgo Trade Details
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Entry Price: 142
Stop Loss: 112
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Target 1: 172
Target 2: 200
Target 3: 251
Target 4: 400
Target 5: 700
Target 6: 900
------------------------------
Timeframe: 3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
SOL: Oversold TerritoryThe market sentiment for SOL is currently bearish, with technical indicators suggesting caution due to potential downside risks.
Key Factors Influencing SOL Price
MACD: The MACD is bearish, with the histogram at -0.93, MACD line at -9.31, and signal line at -8.38, indicating strong bearish momentum.
Stochastic Oscillator: With %K at 3.34 and %D at 6.16, the Stochastic Oscillator shows oversold conditions, suggesting a potential short-term rebound.
RSI: The RSI at 25.69 indicates that SOL is in oversold territory, which could signal a potential reversal or consolidation.
Price Trends and Resistance Levels:
Local Resistance: Found at $151.45, a key level to watch for a potential breakout.
Solid Resistance: Found at $171.21, which, if breached, could signal a strong upward trend.
Local Support: Found at $135.05, which could act as a support level in case of a pullback.
Dynamic Resistance: Aligns with the upper trendline, providing additional resistance around $151.45.
Potential Market Scenarios
Bullish Scenario:
A break above the local resistance at $151.45 could lead to further upward movement, potentially targeting the solid resistance at $171.21. This move would likely confirm bullish momentum and attract more buyers.
Bearish Scenario:
If SOL fails to break above the local resistance, it could retest the support levels at $135.05 and potentially fall to the solid support level at $121.00. A break below $121.00 could signal further declines, with dynamic support suggesting lower targets.
Conclusion and Market Outlook
SOL is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
SOL/USDT 4H Bearish Momentum-Oversold Conditions - What’s Next?The chart shows a clear downtrend in the recent period, with the price dropping from around $185 to $141.22.
Lower Highs and Lower Lows: The formation of lower highs and lower lows is evident, indicating a bearish market sentiment. current price is around $141.22, which is a significant drop from recent highs.
Resistance Levels:
Immediate resistance at around $160, where the price recently faced rejection.
Stronger resistance at around $180, the recent high before the downtrend began.
Support Levels:
Immediate support is observed at around $140.
Further support at $120 and $100 if the price continues to decline.
RSI:
Current RSI Value: The RSI is at 26.64, indicating that the asset is in oversold territory.
Historical RSI Movements: The RSI has dipped below 30 multiple times, suggesting periods of oversold conditions that could lead to a potential reversal or consolidation.
Patterns and Indicators
A potential bearish flag pattern can be identified, suggesting a continuation of the downtrend if the support at $140 is broken.
Bottom Line:
The SOL/USDT 4H indicates a strong bearish trend with the price consistently making lower highs and lower lows. The RSI suggests that the asset is currently oversold, which could indicate a potential for a short-term bounce or consolidation. the bearish flag pattern and the overall trend suggest caution, as further declines are possible if the support at $140 is broken. Traders should watch for confirmation of a reversal or a break of support before making any trading decisions.
Strong possibility of an upward movementSolana is in the $142 to $146 range, recognized as an important support level. This range acts as a key point to prevent further price declines and initiate an upward movement.
Upward Potential:
If the price is supported and stabilized in the $142 to $146 range, there is a strong possibility of an upward movement. The price targets for this upward movement are in the $160 to $170 range.
SOLANA/USD Bearish in a bullish Consolidation:War+RecessionAs the Russians and Ukr. are facing to end the war,another war, in the middle east is starting:Irand vs Israel As well strategically as economically and politicially this zone of our planet is ruling all economies around the world:Oil,Gas,International trades and very important strategical zones:The survival of the world is dependent on the middle east.The middle east is the heart and ouls of the world.
Also the very negative NFP last Friday confirming that recission will come.And All this factors will increase the pain and suffer of the stock markets,FOREX and ofcourse Crypto currencies.
As Solana is now for many months in a big consolidation range we can use this situations to generate profitable situations with high probabilities:The markets tend to consolidate 70% of times. The probability the we will have an uptrend is 15%,and bear trend also 15%.So why not to use the 70% probabilitiy?
As the trend is currently long,meaning the ranges are stepping higher, the dangerouse zone for the bulls is the,,negative CRV Target,,,in green colour!
There the Bulls will face the increased risk,to add postions, or the profit portential of holding long trades is nealy zero,becuaz the bears take control.
This stage is high potential Short entry for the bears,but also taking profit area optimally for the bulls.
As we can see eachtime the market met this zone, many false breakouts (white circles) have been generated, the bears started to ride down the trend to ,,Target Negative CRV,,,in ORANGE: There the bears closed their positions and took profits,or also the bulls who hedged their positions short at around 190-205 clsoedtheir hedge positions and added more long positions at around 117-124.
The current stage of the market ,Close below FBA,, is where we are right now. The bears still in control,the market closed below that zone and opened immediately lower.The probabiliy that the bears will force solana to 120 zone is increasing.
Remember we are bearish in a bullish trend!
Where do the bulls lose total control?
This will happen,if the market closes 3Days in row below 117,and a bullish impulse or pullback to 117 or above 117 will not be successfull:That means if the bear immediately react and send down Solana forcefully below 117.This is ultimate confirmation that Bearish trend has started and Solana will fall very deep.
If the impulse overcomes 117 and continues above 125+Close,then Solana will go back to 190-208 area again.As long as Solana can saty above 180.85 Solana will try to break above this range.Once it falls back, the game repeats