SOLUSD
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As anticipated, SOL/USDT hit the projected mark at 66.52.
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SOLUSD: Thoughts and Analysis Today's focus: SOLUSD
Pattern – Failed high and HL.
Support – 51.71
Resistance – 57.70 - 58.20 - 59.00
Hi, and thanks for checking out today's update. Today, we are looking at SOLUSD on the daily chart.
Today's video asks if SOLUSD will continue its run or if it could see further selling enter the market. Buyers continue to push in today's session but continue to be met with decent selling from 57.70 and above up to $61.
There's also an interesting price set-up we have run over, as it looks a lot like the current price action we are seeing at the moment, and the last time this occurred, we saw a solid run-up.
Good trading.
SOL beginning to set? 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!
Getting a deeper retrace, which will hopefully lead to some #Elliottwave clarity of count degree wise.
Some areas I am looking for a reaction at.
Below $40, sus for this count.
SOL setting? Elliott Wave countsIf 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!
Some Elliott Wave counts I mulling over.
Breaking some pivots will assist in find a clear count.
Solana Skyrockets to New Highs! Seize the OpportunitySolana, the rising star of the crypto market, has just hit a new milestone by surging above $45, accompanied by positive MACD moves. This is an incredible moment for all of us, and I encourage you to seize this golden opportunity to long Solana!
The recent surge in Solana's price is nothing short of remarkable, and it's a testament to the immense potential and growing demand for this remarkable cryptocurrency. With its lightning-fast transactions, low fees, and robust scalability, Solana has set itself apart from the competition, captivating the attention of both traders and investors alike. Now, with the price soaring to new heights, it's time to ride this wave of success and maximize our potential gains.
The positive MACD moves further reinforce the bullish sentiment surrounding Solana, indicating a strong upward trend. This technical indicator, combined with the fundamental strength of Solana's ecosystem, creates an irresistible opportunity for traders like us to capitalize on this upward momentum.
So, what are you waiting for? It's time to take action and make the most of this thrilling moment! Here's your call-to-action: Long Solana now and position yourself for potentially massive profits. By going long on Solana, you'll be joining a vibrant community of traders who share your excitement for this revolutionary cryptocurrency.
Remember, successful traders are those who recognize and seize opportunities when they arise. Solana's meteoric rise presents an ideal chance for us to ride the wave and potentially reap substantial rewards. Don't let this moment slip away!
To get started, I recommend conducting thorough research, analyzing the market trends, and formulating a sound trading strategy to ensure you make informed decisions. Consider setting stop-loss orders to protect your investments and always stay updated with the latest news and developments surrounding Solana.
Let's embark on this exciting journey together and make the most of Solana's incredible surge! Long Solana now and position yourself for a potentially profitable ride.
Wishing you all the best in your trading endeavors!
If Solana hits full target it will gain 358% from recent bottomMany cryptos are testing the breakout up from a bear flag right now (gala, mana, qnt to name a few). Many of these bear flags flag is also a descending channel. Their flags seem most valid on a weekly chart…I just took a look today at solana and sure enough it also formed a bear flag with a descending channel for a flag, but it is already way further along in its breakout than many of the others. If it reaches the full measured move target which is the length of the flag pole than it will have made 358% gains from the bottom. Also the fact that it has clearly broken upward from its bear flag should increase the likelihood of the other alts currently in the same pattern breaking upward from theirs as well…of course this is not always the case….there has been plenty of times in the past when the entire market was forming cup and handles and only 4-5 of the cup and handles broke up and reached their targets before the rest failed…failures like that usually only occur after we have been in an uptrend for awhile, so since this would be a reversal breakout from the current downtrend it increases the likelihood that most of the patterns should trigger since the bullish momentum is only just now getting started. A good early indicator will be if solana hits the full 100% target. *not financial advice*
SOL next targetsNext targets for Solana BINANCE:SOLUSDT
Possible Targets and explanation idea
➡️Solana I think have a limitation for this pump till 65-81$ targets before correction
➡️Marked high of May 2021 will be like first trigger.
➡️Take profit line base on Take profit indicator exactly at M fvg
➡️Flags marked also levels for fixation profit before correction
➡️Based on Money Power indicator whales start fix step by step their positions
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Solana nearing the precipice of a breakout?We can see that solusd’s price action is now retesting the top trendline of this purple symmetrical triangle it has been in since around august of 2023. Obviously it only matters once we break above this trendline and flip that trendline to solidified support. Until that time one must remain levelheaded and not chase any breakout that is unconfirmed. If it were to trigger a breakout sometime within the next few days the target would be around $50 or slightly higher. The top trendline of this triangle also qualifies as an inverse head and shoulders neckline. We can also see that the measured move target for the breakout from the descending tan channel is above this neckline which increases the probability we will trigger the breakout of the purple triangle on the way up to hit the measured move target of the tan descending channel breakout. *not financial advice*
Solana is in a medium-term uptrendIn the previous analysis, we updated Solana from the price of $25 to higher targets and the targets were hit. Now we have new update for Solana
Examining Solana's chart, we found that the recent bullish waves are for a larger pattern. After correction of wave D, around the green range, we can buy Solana towards targets above $110
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Solana SOL price can rise. Do you believe at miracle?)We are impressed by the Solana project, at least because of the way its creators, developers, and holders are fighting for its existence.
The last year has been difficult: either the closest possible connection with FTX, or recently Sol was included in the list of "securities" from the SEC. There were also many minor breakdowns, such as the absence of a mined block in the south, etc.
But the project survived, the price has remained at a good level, and technically, it doesn't look the worst for an altcoin.
And now, perhaps, there is a light at the end of the black streak: there are rumors that $7 billion of FTX has been restored, and the exchange will be relaunched in the next six months. And Solana's developers say they will rewrite the blockchain so that the SEC has no complaints and the community votes in favor.
Hmm, maybe another miracle will happen and the SOLUSDT price will shoot up?)
There are a lot of liquidity zones above, so it will be difficult for buyers to push the price up, but the positive news background may help.
We believe that the medium-term target for t he SOL price of $50 is more than fair, and we'll see what happens next.
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SOLANA: bull is strong, 55 next Solana continues to demonstrate significant bullish momentum, establishing itself as a standout performer in the current market conditions. The crucial support at 48.30 has proven resilient, serving as a potential launchpad for a move towards 55. (possible consolidation in the range 50-51 before taking off).
Crypto trader – playing the momentum juggernaut The ever-increasing confidence that the SEC are imminently due to give the 12 ETF issuers the green light to launch and to market a cash Bitcoin ETF has clearly given tailwinds to a market that responds to confidence like few others.
Momentum is the play now, where a body in motion stays in motion is the philosophy adopted by traders. The idea of buying what’s strong and what’s working is seeing capital chase the move, and what is clear is the news has sent confidence soaring through the altcoins, with some huge moves in the likes of SOLUSD, XRPUSD, GLMRUSD, LINKUSD and XRTUSD among others.
News that Blackrock is now moving to apply for a spot Ethereum ETF is the next piece of positive news to juice up the flow, and this has seen ETHUSD rally towards the April highs of 2141 and has many feeling that we could be headed towards 2500, perhaps 3000.
Confidence is really a derivative of price and there is nothing more emotive than a market that is continuously moving in one direction with big daily percentage changes. When nearly every piece of news is positive you hit a sweet spot and FOMO kicks in, and we’re seeing that dynamic playing out now.
That said, despite the clear chase, BTCUSD, ETHUSD and the alts are neither over-owned nor over-loved at this juncture and the key question for any risk manager who is long, is whether we will see a ‘sell the rumour’ event play out if, and when, the SEC does hand down their verdict – which could be very soon.
This is obviously a risk and the bulls will need new news to fuel the rally, but given the other potential tailwinds and (likely) positive kickers in the next 6 months (such as the 4th halving on 24 April 2024) that dip will likely be quickly supported.
The market is trying to model the adoption story and what this means for future demand. This is of course terribly hard to do, and the demand to offer a cash ETF as a portfolio diversifier, alongside the likes of gold, art, wine etc. may not actually really kick in for 6-12 months – but it should happen.
While perhaps for different reasons, we’re hearing news UBS is joining HSBC in offering crypto-linked ETFs to certain wealthy clients in HK, which speaks to a market where the reputation as the bad boy of finance is turning the page and having a make-over, partly courtesy of the involvement of Larry Fink.
Our crypto flow at Pepperstone has certainly increased, not just in BTCUSD and ETHUSD, but across the higher beta alt-plays too – the coins where people's expected returns are simply that much higher.
The technicals on BTCUSD and ETHUSD are clearly hot, where the probability in the distribution is skewed to higher levels. Remaining unemotional is key and trying to extract as much out of a trade will serve you well. A mechanical stop loss works well in this environment, where one could hold until price closes a daily bar below the 8-day EMA. Another method is to exit longs on a 3 & 8-day EMA crossover. If these coins kick and keep going one stays in the trade but doesn’t surrender too much if the price rolls over.
The news is certainly positive right now, and price action speaks to a market feeling good about crypto again.
SOl, resting 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!
#SOL update.
It can keep going up as long as it wants.
If it needs a little break, cool, these
Elliottwave patterns are popping to me, atm.
Staying prepared.
Cheers!
Is Solana getting ready to breakout? The next stop is $40+?Hello everyone, today we are going to look at Solana.
For half a year the asset was moving in the sideways channel and failed to overcome the EMA-200 and Fibo level of 0.382. The price went to the correction to the support level around 13$.
Now we can expect a breakdown of EMA-200 and movement to 0.382 Fibo level.
After the fixation above this Fibo level, you can expect further growth in the asset up to $47, but maybe we can stop near $40, because there is a strong resistance level of the price, formed in June 2022.
This is not a financial advice, everything you do you do at your own risk.
SOL rising? Elliott wave patterns.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!
#Solona
With the GCP set up!
Here are some #Elliottwave thoughts.
Honestly, a bunch more it could be from here.
Would have to eliminate the impulse up here for some.
SOL Solana and the Altcoin Season Thesis
The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including SOL Solana, for which my price target is $30.70.
Looking forward to read your opinion about it!