#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC
At least this conclusion can be drawn from the behavior of the assets in Q2 2024.
While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months.
So:
1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+
2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70
(maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...)
So, what are your expectations for the #SOLUSDC price by the end of this year?
SOLUSDC
There is currently a MASSIVE Cup & Handle in SOLANA!!SOLANA (SOL) has been building a massive cup-and-handle formation on the weekly chart that has taken 3 years and 8 months to achieve. If SOL breaks out of this pattern to the upside, the gains could be unbelievable!
Good luck, and always use a stop-loss!
SOLANA has formed a Cup & Handle Pattern on the weekly/daily.SOLANA known for making some incredibly big moves over short periods of time. It is currently forming the handle of a large Cup & Handle formation, which could signal substantial price appreciation over the coming year or so.
Good luck, and always use a stop loss.
Solana Breaks Inverse H&S Neckline & Clears TriangleTraders,
Multiple indicators show Solana on the way to final target now of $230-250. My followers were given a signal at $120-140 and should easily double their $$$.
We have an inverse h&s pattern inside a bullish triangle. Additionally, a double bottom pattern forms the right shoulder. This all shows us clearly that it will be hard to stop Solana.
We have a little resistance rn and may retest the top side of our triangle, but in less than a week I anticipate further price action to the upside as we continue to smash through levels like we're karate chopping balsa wood.
Best,
Stew
SOLANA (SOL) is forming a massive, multi-year Cup & Handle!Solana is forming a MASSIVE Cup & Handle formation that could lead to major gains over the next few years. As many know, Solana has a potentially infinite supply of coins that can be created, which is one of its major downsides, in my opinion. As far as trading, and not investment perspective, I think Solana will make some mind-boggling gains over the next 3 to 5 years.
Good luck, and always use a stop-loss
Is it time for short Solana(SOL)? Analysis of price momentumEach spike can target 102% to 132% if momentum is maintained.
Currently, X has reached the target of 102, in general, the supply is increasing sharply between the range of 102 to 132 percent.
But we have another confirming factor which is the daily pivot supply area
For this reason, it is possible to short solana with a loss limit above the daily supply area.
Considering that we have hit the daily supply area, the TP can be 3 to 5 times the daily ATR, which is 1.7 and 2.7 times for our trade, respectively.
Solana (SOL) formed bullish Gartley for upto 25.50% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Solana (SOL) coin with US Dollar pair.
Previously we caught almost 16% pump of SOL agains Bitcoin as below:
Now on a daily time frame, SOL has formed a bullish Gartley pattern for the next price reversal.
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
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
Solana BreakoutTraders,
As expected, Solana has now broken above the neckline of our inverse H&S, the 50 day, and the 200. This is a great sign for sure but still, caution is warranted until two things happen: the expected pullback on BTC / BTC.D occurs, we understand how altcoins will respond to Bitcoin's pullback.
In Solana's case, I can see it now coming back to retest those three previous resistance areas as support. This may be one area where I look for entry.
Stew
SOL to $30Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
Solana broke out of this triangle 📐 to the upside so there is chance for run to 30.30 and even higher. I traded the initial breakout and I wouldn't chase the market now. One can set BUY LIMIT order to previous range high @ 23.63 to catch🎣 the potential pullback.
ENTRY : local high @ 23.63
STOPLOSS (SL) : local low @ 22.92
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.30
REWARD RISK RATIO (RRR) : 9.3
INVALIDATION : when SL level hit
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