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SOLUSD

Solana’s breaking above an invh&s that’s also a right shoulder Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured move breakout target for that larger invh&s. Pattern would be around $242. Last October we saw the Dow Jones Industrial chart also start to break above a big inverse head and shoulders pattern that also had a right shoulder which was it’s own smaller inverse head and shoulders pattern just as we are seeing come to fruition now on the Solana chart. We must remember on that chart we had an initial fakeout above both necklines around July so there’s always a chance the initial break above the necklines for this solana chart starts as a fakeout too. However since then, The DJI chart has hit the target of it’s smaller inv h&s target and is very close to hitting its bigger inv h&s target so I’d say using that as a precursor, probability is rather high for solana to also hit both of its breakout targets within the coming months. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
12
Solana - Wyckoff Mark Up ExampleSolana vs. Wyckoff Logic SOLUSD example of mark up in the Wyckoff logic schematic. If unfamilar, there are market phases according to Wyckoff Logic: Accumulation: The phase where the market stops falling and begins to form a base, suggesting that demand is starting to overcome supply. It is characterized by a selling climax, where the price falls sharply, and the volume is high, indicating panic selling. After the climax, there is typically a phase of sideways movement, with occasional tests of the lows. This phase is labeled as the cause, setting up for a new upward trend (effect). Markup: After accumulation, the price starts to rise, signifying that the market is entering the markup phase. This phase is indicated by a rise in price away from the accumulation zone, often with increasing volume, which is interpreted as the start of a new uptrend. Distribution: This is the phase where the market tops out and is characterized by a buying climax. Supply begins to overcome demand as the "smart money" starts to distribute their holdings to the market. The distribution phase is also labeled as the cause for the subsequent downtrend. Markdown: Following distribution, the market enters the markdown phase where prices start to fall consistently. This phase is shown by a break of support levels with increasing volume, indicating a strong presence of selling pressure. The image also depicts the concept of "Volume" with a histogram at the bottom. The volume bars are colored in red and blue, generally indicating selling and buying volume, respectively. The histogram helps traders identify moments of high or low volume, which can be a sign of the strength or weakness of a particular price movement. Wyckoff's analysis technique is grounded in the study of price action, volume, and time, as they relate to supply and demand. It is a tool for understanding the market's structure and potentially predicting future price movements by identifying the actions of large institutional traders and investors.
COINBASE:SOLUSDEducation
by kingthies
SOLUSDT → combining several patternhello guys... solana formed an upside-down head and shoulder pattern on the broken trendline! on the other hand, we can see a similar cup and maybe a handle pattern! on the other side, this coin made a top normal head and shoulders on a lower time frame! so I suppose this coin will touch the 94$ area 📉 and then will be prepared for another upward movement to 129$!📈 ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment
by melikatrader94
5
SOL: Support in SightSOL 's trading activity presents a testing phase at the $104.19 mark. The proximity to the lower Bollinger Band suggests we're in a critical support region — if this holds, it could signal a potential rebound. The MACD's bearish crossover, while noteworthy, lacks strong momentum, hinting that a downtrend may not be firmly established. What's pivotal here is the RSI's position near the oversold territory, which could attract buyers looking for value, potentially leading to a price recovery. However, the moderate trading volume indicates that there's not a strong consensus among traders, and we may see some indecision before the next clear trend emerges. In this scenario, keeping an eye on the Bollinger Bands and the MACD will be key. Should the MACD flatten or turn upward and the price stabilizes above the lower band, it might be the first signs of a bullish reversal. On the flip side, a break below could signal further dips, so watch for any significant volume changes to confirm the move. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
SOL/USDT LONG Signal - Potential for Upward Movement!Our analysis indicates a robust buying position for SOL/USDT. We use a 2x Leverage for this trade. Trading Signal Primary Entry : 110.85 USDT (Limit Order) Secondary Entry (DCA) : 106.3 USDT Stop Loss : 103.1 USDT to minimize risk Profit Targets Target 1 : 112.7 USDT, then move SL to entry point Target 2 : 114.8 USDT Target 3 : 121.9 USDT Target 4 : 134.4 USDT Helpful Tips Save Money: Use limit orders instead of market orders for lower fees. Stick To Your Plan: This is key for making progressive gains! Control Your Risk: Your stop-loss order protects you against unforseen market reversals. We aim to provide high-quality signals that guide you to success. Happy trading!
Long
by Swiss_Signals
BINANCE:SOL/USDT - Confirmed breakout and Long Trade entry--------------------------------------------------------------- Description --------------------------------------------------------------- + Falling wedge pattern on SOL. Clear breakout from the falling wedge + Next target for SOL is previous high at 126 range + With this clear breakout, hitting the target is an easy achievement --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 100.6 Stop Loss: 92.8 ------------------------------ Targets 1: 104 Targets 2: 108 Targets 3: 116 Targets 4: 126 ------------------------------ Timeframe: 12h Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Don't forget to keep the stop-loss. --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
A Technical Look at SOL's Next MovesSolana 's price movements have recently led it to confront the 4-hour chart's 0 Fibonacci level, acting as a crucial resistance point. The current price of $107 sits just below this level, after a rejection at the upper Bollinger Band, indicating a potential short-term ceiling for the price. The Bollinger Bands have widened, suggesting increased market volatility and a possible expansion phase in price action. The MACD presents a nuanced picture; while it remains in bullish territory with the MACD line (4.42) above the signal line (3.87), the histogram is very close to the baseline, hinting at a possible slowdown in momentum or an impending bearish crossover. This warrants attention as it could precede a change in the trend direction. Furthermore, the RSI at 55.38 is in the mid-range, not indicating overbought or oversold conditions, but the RSI-based MA is slightly higher at 60.13, which might suggest that the average momentum has been more bullish recently. Trading volume stands at 2.462M, which provides enough market participation to consider the recent price action as significant. Traders might look to the lower Bollinger Band around $91.27 as a key support area, as historically, prices touching this band have often found substantial buying interest. If the price were to break below, the next regions of interest would be the local and solid support levels that have been established previously. Given the recent price rejection and the MACD's hint at a potential downturn, traders should monitor for either a consolidation above the current Fib level to support a continued uptrend or a break below, which could indicate a deeper retracement is due.
by MonoCoinSignal
Solana (SOL) UP UP UPAnalyzing the Solana (SOL) 1D chart, we see that the price has experienced substantial growth and is now navigating a retracement phase. The Relative Strength Index (RSI) has recently dipped from overbought levels, now floating around the mid-range, which suggests a normalization of buying pressure. The Moving Average Convergence Divergence (MACD) histogram is decreasing in height, indicating a reduction in bullish momentum, yet the MACD line remains above the signal line which typically conveys bullish market conditions are still in play. 0.618 FIBO level often being a key area of interest as it is commonly seen as a potential reversal zone. Currently, SOL's price action is hovering around this level, and the market's response here could determine the direction of the next significant price move. Break of Structure (BOS) and Change of Character (Choch) indicators are marked. The BOS signals are aligned with considerable price movements, which could be indicative of institutional or 'smart money' interest at these levels. Volume Profile Visible Range (VPRV) highlights a concentration of trading activity at lower price levels, implying potential support areas if the price were to retrace further. Traders should be wise to watch for any bullish or bearish confirmations at the 0.618 Fibonacci level as well as any further SMC signals that may dictate the strength of the current trend and potential reversal points.
Long
by CryptoDiabloo