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SOLUSD

SOLUSDT → Breaking through strong resistanceSOLUSDT when testing the bottom forms a reversal pattern and heads to the channel resistance, where it begins to consolidate for a possible trend change. After a long consolidation and numerous retests of the resistance line, which has been formed since May 2022, the price finally breaks through this zone and forms a strong momentum. The push was followed by the rise of bitcoin, which strengthened to 30000. SOLUSDT finds potential for growth towards 50,000 Strong support: 20.00, 16.00 Strong resistance: 23.9, 26.05 I expect the growth will now start to realize the accumulated potential. Growth can be directed towards 32.00 , then to 40.00 . Sincerely R. Linda!
Long
by RLinda
17
In order to break out of the downtrend...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- (SOLBTC 1W chart) The question is whether it can rise above 0.0008 297. --------------------------------------------- (SOLUSDT chart) We need to see if it can rise above 24.54. If not, we need to see if it can rise along the uptrend line. It is important to keep the price above the HA-High on the 1D chart. Therefore, if it shows support in the 24.54-29.77 section, it is expected to show a rise above 39.22. To get out of the bottom section, you must rise above 46.85. However, if it shows sideways in the 29.77-39.22 section, it is possible to buy in the mid- to long-term. At this time, the stop loss range is around 24.54. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
SOLUSD - Bearish DivergenceBased on my analysis, I have identified a bearish divergence in the market, which suggests that the trend is likely to continue in a bearish direction. In order for the divergence to be confirmed, we need to see a break of the previous higher low (HL). With this in mind, I recommend taking a short trade with a risk/reward ratio of 1:1. Here are the details of the trade plan: Trade Type: Short Sell Stop: 23.59 Stop Loss: 24.48 Lot Size: 96 Take Profit 1: 22.7 Take Profit 2: 21.81 By following this trade plan, we can potentially profit from the expected bearish trend while managing our risk with a well-defined stop loss. It is important to monitor the market closely and adjust our trade accordingly if new information arises.
BINANCE:SOLUSDShort
by mansooryousafzai
8
Solana ProjectionsTraders, As projected Solana did break to the upside of our area of confluence which was the intersection of our 50 day, 200 day, and descending TL (black). As you know, I had been waiting for this break before making an entry. The confirmation candle came but the move was too quick for my liking. I am not about chasing. So, here's what I am now waiting for: Solana tags resistance at HKEX:25 - HKEX:26 , Solana then pulls back for a classic retest of previous resistance (now support), and then, Solana takes off towards our target area. All of this should take quite a few weeks/months. I will be looking to enter at either a retest of our 50 day/200 day or descending TL. Stay tuned. Stew
COINBASE:SOLUSD
by stewdamus
2
Solana's Surge: Key Levels in SOL's Bullish BreakoutSOL, the native token of the Solana blockchain, has recently experienced a bullish breakout, which is reflected in its current price of $23.25. Over the past hour, we've seen the coin pick up momentum, as various technical indicators suggest that the asset could be gearing up for further gains. The Relative Strength Index (RSI) is currently at 75, indicating that SOL is in the overbought territory. However, a high RSI can sometimes signal a strong trend, and with the recent news of Solana's impressive technological advancements and partnerships, this could be the case for SOL. The On-Balance Volume (OBV) of 53.917 million also supports this notion, as it suggests an increase in buying pressure, which often precedes a price surge. The Bollinger Bands provide insight into SOL's volatility, with the upper band at $23.73 and the lower band at $20.55. The middle band, which currently stands at $22.14, acts as a local support level, as it represents the moving average of the asset's price. The 1-hour timeframe Fibonacci levels further reinforce this support, with the 0 level at $22.68, providing an additional cushion for the price. The 50-hour Exponential Moving Average (EMA) at $21.42 and the 0.5 Fibonacci level at $21.28 serve as strong support levels, forming a solid base for the price to bounce off of if the bullish momentum continues. On the flip side, the 24-hour high of $23.68 presents the nearest resistance level, with the upper Bollinger band acting as an additional barrier. The MACD indicator at 0.65 and the Stochastic Oscillators at 80 also suggest that the bullish trend may persist in the short term. Additionally, the Volume Oscillator at 3.59% indicates an increase in trading volume, which could fuel the price's upward trajectory. In conclusion, SOL's recent bullish breakout is supported by a confluence of technical indicators and recent positive news. Key support levels to watch include the middle Bollinger Band at $22.14, the 50-hour EMA at $21.42, and the 0.5 Fibonacci level at $21.28. Meanwhile, the 24-hour high of $23.68 and the upper Bollinger Band at $23.73 serve as the nearest resistance levels. As the market conditions continue to evolve, it's essential to monitor these levels and any relevant news to make informed decisions.
by ShawnMCR
9
Solana offers us to get up to 22% profit from a single trade!Hello everyone! Today, Solana offers us the opportunity to gain up to 22% profit from a single trade. As you can see on the chart, a symmetrical triangle pattern has formed, and after a sharp impulse due to the rise of Bitcoin, the asset has approached the strong Fibonacci level of 0.382. It is possible to enter the position from this level, while also expecting a small correction of +- to the middle of the daily candle from the Fibonacci level of 0.382. Take profit around the Fibonacci level of 0.618, which would result in approximately 22-23% profit. This is not a financial recommendation, and everything you do is done at your own risk.
Long
by neverovv