SOLUSD
SOL - Solana BUY and SELL TargetsHi Traders, Investors and Speculators of Charts📈📉
As you know, we're trading in the opening moments of a new bullish cycle.
If you're trading Solana, this is the ONLY PLAN you need. In this analysis:
📢 Short Term Targets / highs and lows
📢 Near Term Targets / highs and lows
📢 Longer Term Targets / highs and lows
📢 Technical Indicator, short and near term
📢 Fractal / percentage increase to dump analysis
It's important to note that any cycle takes months to complete, sometimes even stretching over a year. Keeping this in mind helps you set realistic timeframe-goals for price targets.
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CryptoCheck
SOL Solana Price TargetIf you haven`t sold SOL here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is SOL Solana.
I've set a short-term price target for SOL Solana at $30.
Looking forward to read your opinion about it!
SOL will drop soonThe trend has weakened. We have a descending CH on the chart and order blocks have been formed in which there are sell orders. SOL can be revised up to the green area.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Updated SP500 Analysis. FORECASTS REMAINS UNCHANGEDHas Elliott Wave Lost Its Forecasting Accuracy?
I cannot recall the exact setting, but many years ago I was asked this specific question…
” …as the number of practitioners of Elliott Wave Theory grows due to its popularity, won’t more people be trading these wave patterns and in doing so, somehow skew the theory’s efficacy”?
It’s a great question.
One in which I think requires a more nuanced, rather than simple answer. Forecasting markets using Elliott Wave Theory (EWT) is only as accurate as the practitioner. With respect to EWT, if one could consider being in a renaissance of sorts, I would say, now is that time, because of the increase in practitioners . Since R.N. Elliott’s final published work, Nature's Law –The Secret of the Universe published in June, 1946 several individuals have contributed to the theory in incremental ways. However, this article is not about the history of Elliott Wave theory, but a thought experiment in the continued efficacy of what I would consider to be the only effective and comprehensive analytical tool that describes the price movements of markets.
If there is one phrase, I have used over the years to explain short term pattern ambiguity it would be…
“Nothing clears up the current price action, like more price action”.
Meaning, at times, an objective practitioner of EWT can decipher a pattern in different ways, and what will deem the current pattern, optimal , will be the price action that follows. This is the primary reason I include alternative counts within all my published work. However, I am a purist in the pursuit of arriving at a truth. Using EWT, I find the truth mostly has two potential outcomes, and only the price action that follows will lean more so towards one, rather than the other. That is why I believe that when one shares their work with the public, (like here on Trading View) it should be their own work, and not a concoction of other people’s work posted on the Internet, and peddled as one’s own. As a trader, I think there are no rules that govern the pursuit of profit. As an analyst, I believe when sharing an analytical forecast, it should be the work of the one posting. Explaining how I determine some people are posting analysis that is an aggregation of other public postings is of less importance than remaining on topic in relation to the efficacy of EWT in forecasting. Last year, I was rated the top author on Solana, a crypto currency. I no longer share my analysis on Solana with the public. However, a quick search of current analysis on Solana yields ideas that lack context, or make bold predictions, that I can say are not based on a rules-based forecasting tool like EWT. This is one method I use to discern the analysis is either not their own, or is not worthy of using hard earned money to get behind. Solana, as a chart falls into the category of having one primary analytical thesis, and an alternate for me. Ironically, in this case, they both point higher towards triple digits. I see nothing posted on Solana here that contains the context of why prices have moved higher and where they will go over the very long term. Additionally, there is nothing contained with the Solana chart that tells me new lows are option to be considered. Yet, some with say that is precisely where that crypto currency is headed.
I often wonder when substandard analysis is shared with the public does it change the optimal pathway of correct analysis. It's impossible to know for sure. However, it seems reasonable to think that the longer-term targets would not change, but the smaller timeframe sub-divisions might. This may lead to more short term complex patterns, but in the grand scheme of things, the efficacy of EWT I do not think is harmed. Traders who follow EWT analysis may find mixed results. That is why if you follow anyone else's analysis on the Internet, make sure they are providing details, context, the nuance behind what could happen, versus shallow context and a lack of a well thought out thesis. It is possible, you're reading someone's else's work, interpreted and passed off as their own.
This leads me to my updated analysis on the SP500.
My last post on the SPX futures was on October 28 which was one day after the market bottomed. The purple pathway I deemed low probability. In retrospect, this is precisely what has played out. However, now that price has rallied swiftly higher, I have to consider yet another possibility.
The blue count in the chart above.
As of this morning, both my primary black, and first alternative count, has the index in a c wave lower towards the lower 3,000 area. Black subdivides more so than purple, but they ultimately arrive in the same area. The blue count requires some explanation and the context to warn followers of this sort of price action will play out. Regardless of my primary, first or second alternate counts, a retrace should begin soon. In the case of black and purple, those retraces turn into impulsive patterns towards my target. However, in the case of the blue second alternative, that retrace will take the form of a 3-wave pattern, but ultimately reconcile higher. This resulting higher price action can be for a new high in primary B, or an even higher high resulting in new all-time highs, as v of 5 of Supercycle wave (III). The interesting aspect of either of those moves higher results in an ending diagonal by virtue of overlap that occurred on October 27th 2023.
THIS WILL RESULT IN A MARKET CRASH SCENARIO.
Price will return to their point of origination, which in the case of a new primary B wave high, that price originated at 3502 in October of 2022. In the case of new all-time highs for wave (III) in the super cycle degree, that is the Covid-19 bottom at 2191, which occurred in March 2020. Therefore, I'll conclude by saying that we should all expect a retrace lower to start as early as next week. To what extent, will determine the direction of the SP500 into the first half of 2024. Is there a possibility of the index making a new high? Current price action suggests I cannot rule that out...but so far, (Even this very impressive November 2023 rally) leads me to believe anything has occurred to make me change my original forecast of 3200-3300 in the SPX Futures.
If we do decide to go up and make new highs...I think for this trader, that may be cause to get flat assets in general and to the degree it makes sense. I'm referring to assets directly AND indirectly associated with the stock market.
Best to all,
Chris
SOl stuck on the horizon? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Turned before taking out the pivot.
IF this is a ZZ down from 68.20
and it's not done, looking for some clarity markers for a sideways correction.
Got some pivots to break here first for confidence.
SOLANA - 250% Gain Done! ✅Solana played out perfectly. We managed to get an entry on the trendline break and had near enough 0 drawdown. Price moved up impulsively to complete subwave c of wave B.
We are now at an inflection point. We can make an extended subwave c move. Keeping a close eye on this to see how we react now and then we'll go from there.
Hope you guys managed to make some money off our Solana analysis! See previous analysis below:
SOLANA - Ready For A 200% Move! ✨In our last post on Solana, we identified that we were in a 535 zigzag pattern.
We have almost completed the midsection - awaiting one final move up to complete wave B.
Trade Idea:
- Watch for bullish reversal patterns on lower timeframe
- Safe entry on break of red trendline
- SL below price once red trendline breaks
- Target: 32.5, 50, 60
Goodluck and as always, trade safe!
#SOLANA #SOL Long-Term targets, until end of 2025#SOLANA #SOL Long-Term targets, until end of 2025
According to Elliott's wave count indicated on the chart, the rise from 2020 to 2021 took place during a five-wave, where either wave 1 is bigger than a five-wave or wave A is bigger than a three-wave.
Considering the possibilities ahead, we can estimate the possible goals of Link until the end of 2025 as follows:
TARGET1: 380$
TARGET2: 1100$
TARGTE3: 2150
TARGET4: 4200
ENTRY: 60-42$
STOPLOSS: 17$
Sol sideways or new degree? Elliott WaveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#SOL update.
Short since 63.72.
Would not mind 51.12 break,
for clarity’s sake.
Elliottwave degree wise.
Going to wait for an impulsive reaction before long, pending.
Got the direction correct, that's all you need, then TP appropriately.
C/3 setup laid out in thread.
Solana (SOL) coin completed setup for upto 27.50% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Solana (SOL) coin with US Dollar pair.
Recently we caught almost 80% pump of SOL as below:
Now on a daily time frame, SOL has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
SOL DEX Adds 3 Billion in New Trading Opportunities - Time to GoSOL DEX (decentralized exchanges) has recently added a staggering 3 billion in new trading opportunities, and it's time for you to take advantage of this exciting opportunity!
Imagine the possibilities that lie ahead as Soldex and Raydium, the leading decentralized exchanges, expand their trading volume by billions. This remarkable achievement not only demonstrates the growing popularity of SOL but also signifies the immense potential and trust placed in this cryptocurrency.
Now, you might be wondering, "What does this mean for me?" Well, let me tell you - this is your chance to go long on SOL and ride the wave of success! With the addition of 3 billion in new trading, SOL is poised to experience substantial growth and present you with potentially lucrative trading opportunities.
Why should you consider going long on SOL? Here are a few compelling reasons:
1. Unprecedented Trading Volume: The addition of 3 billion in new trading opportunities has catapulted SOL to new heights, attracting a diverse range of traders and investors. This surge in trading activity presents an ideal environment for profit potential.
2. Strong Market Demand: SOL has been gaining significant attention and recognition within the crypto community due to its innovative technology, scalability, and robust ecosystem. As more traders flock to SOL DEX, the demand for SOL is expected to surge, which can drive up its value.
3. Future Growth Prospects: SOL's impressive track record and continued development make it a promising investment option. With its commitment to scalability, security, and efficiency, SOL is well-positioned to become a leading force in the crypto market.
So, what are you waiting for? Seize this opportunity to get in on the action and go long on SOL today! The momentum is building, and you don't want to miss out on potential gains.
Remember, success often favors those who act swiftly and decisively. Don't let this incredible chance pass you by! Take the leap and go long on SOL now.
Journey with Sol (EMA 20 > 50 & 100, and RSI balanced at 58Solana is then a shining star that has been catching the attention of experts and investors alike.
What makes Sol truly special? Let me paint you a picture: imagine a scenario where the Exponential Moving Average (EMA) 20 is soaring above both EMA 50 and EMA 100, indicating a bullish trend. Simultaneously, the Relative Strength Index (RSI) holds steady at a balanced 58, signaling a perfect equilibrium between buying and selling pressure. Now, doesn't that make your inner trader dance with joy?
Given these promising indicators, I wholeheartedly encourage you to consider getting on board with Sol. This gem has the potential to bring some serious sunshine to your portfolio. It's time to capitalize on this golden opportunity and embark on an exciting journey towards profitability.
So, don your shades and join the ranks of successful traders who have already aligned themselves with Sol. Take action today and seize the moment to go long on Sol, setting sail on a happy and prosperous trading adventure.
Remember, opportunities like this don't come around every day. Let Sol light up your trading path and help you achieve your financial goals. Don't wait! Start your sunny journey with Sol today!
Volatility Period: Around October 13thHello?
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(SOLUSDT chart)
The key is whether the price can be maintained by rising above 24.21.
If not, you should check for support around 14.45.
From a long-term perspective, the volume profile area is formed around 4.2525, so this area is a strong support area.
(1D chart)
If you look at the entire chart, you can see that the support and resistance points are not well formed.
Therefore, I think it is a coin (token) that can fluctuate sharply at any time.
The HA-High indicator is falling, showing a stepwise decline.
Accordingly, if the price cannot be maintained by rising above 22.63 quickly, it is expected to touch near the bottom of the rising channel.
Therefore, it is necessary to check whether there is support or resistance at any point or section between October 12th and 14th.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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SOLANA. BIG SHORT of SOLUSD
I am expecting a puncture of the annual triangle till white line, 41$ (approx)
Final target is red brick, around 2,5$.
Don't have an idea what will happen with Solana, but we know that there were some incidents.
Last year Solana hiked from 8$ to 32$ but i can't see growing interest.
I am seeing only many reports that whales are investing in it, made to confuse us.
Solana and a few steps down...It seems that Solana has decided to go up with the "head and shoulders pattern" and comes down with the same pattern.
A head and shoulders pattern is forming. If this pattern is formed and confirmed, the price will drop to around $52.50. Unless something extraordinary happens.
Of course, these few steps down are very necessary and good in my opinion. Moving with this momentum is very dangerous.
Anyway, I like Solana's moves. It moves very wildly.
*** In my opinion, after this "head and shoulders", we will probably have another "head and shoulders" on a larger scale...
Long Sol Strong Support As we can see the green line is still forming a big support every time the price hits it.
Also the Smart money concept is showing a POS to BUY, which is colored in green due to forming higher highs.
Also Lux Algo that depends on similarities of waves showing the price going back to 68 or higher on the 2,3,4 and 10 Hours time frames.
there is A reversal candle on the 10 hours time frame
Solana might be at riskIn evaluating the current state of Solana, it's important to acknowledge certain risks within the framework of the Elliott Wave Theory. Presently, there are uncertainties and volatility risks in Solana's price level and recent movements, based on market dynamics and potential wave patterns.
According to the Elliott Wave Theory, market cycles and wave structures often follow specific patterns, but identifying and interpreting these patterns can be complex. Particularly, complex corrective waves and anticipated price movements can carry specific risks for investors. Therefore, it is crucial to exercise caution regarding Solana's current market position and its future movements, while effectively employing risk management strategies.
It's always advisable to conduct comprehensive market analysis before making any investment decisions and consider your personal financial situation and risk tolerance. This is equally applicable when utilizing analyses based on the Elliott Wave Theory.
Based on my analysis of the Solana coin, the rise observed since the beginning of the year does not constitute an impulsive wave. Instead, it appears to be a complex correction in the form of a double zigzag. Currently, Solana is testing a channel resistance at around $68. According to Elliott Wave theory, this level could prompt a correction, initiating the B wave of the second zigzag.
This corrective phase might see Solana's price retracting to the range of approximately $28 to $35. This prediction is based on the Elliott Wave principle, which suggests that following the completion of an A wave in a zigzag, a B wave typically retraces a significant portion of the initial wave. Given the current market dynamics and wave patterns observed, this retracement seems to be a likely scenario.
I have shared this analysis on TradingView.com, highlighting the expected trajectory and potential retracement levels for Solana in the coming period, based on the Elliott Wave framework.
SOL Elliott Wave Continuation counts. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#SOL DOOM count! 👻
But first, some continuation patterns to keep an eye on.
Last time it just rocketed up,
Shorters beware.
There are some possible down counts shorter term.
$48 break and $40 would be in sights.
Mooner...😏...or Doomer?🤔
Doomer count elsewhere.