The last bullish chance of SOLANA !!SOLUSDT is in the ascending phase by the cup and handle.
SOL is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Solusdt
SOL forecasts SOL/USD Technical Analysis 🌐💹
1. Key Resistance Levels:
- $260: A major resistance zone. The price has struggled at this level before, and it may act as a significant barrier again in the near future. 🚧
- $290: The next potential resistance target after breaking through $260. If SOL breaks above $260, this level could serve as the next upward target. 🎯
- $220: An intermediate resistance level between $122 and $260. This could be the first major hurdle for any upward movement. 📈
2. Key Support Levels:
- $122: A strong support area that has held up well in previous price movements. If SOL faces downward pressure, this could be a key level to watch. 🛡️
- $77.81: Another crucial support zone that could prevent further declines if the price drops below $122. 🔑
- $27.06: The final strong support zone; this level is critical as the last defense before a potential significant drop. 📉
3. Potential Scenarios:
- Bullish Case: If the price breaks through the $220 resistance, a move toward $260 and then potentially $290 could follow. A strong breakout above $290 would signal a major uptrend. 🚀
- Bearish Case: If the price fails to hold above $122, SOL could drop toward $77.81, with the $27.06 level acting as a crucial floor if bearish momentum continues. 🔻
Overall, the price is currently consolidating around $140.68, and traders should watch for breakouts or breakdowns from these key levels to determine the next major move.
SOL and BTC Longs and Shorts Clear inverse relationship between the longs and shorts on SOL.
White (longs)
Orange (shorts)
Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels.
Shorts coming off their lows and seem to bottom when SOL price peaks.
Longs build up pushing price to local highs then there leaves no one left to buy so price goes after the liquidity (shorts).
Opposite happens with shorts buildup. Price sells off some, shorts pile on pushing price lower until it reaches the local bottom then price reverses once all the longs get liquidated. Then price goes after shorts liquidity.
What then becomes the difference maker is how much spot volume comes in. At the bottom I have the aggregated volume of multiple exchanges showing the spot volume (light) compared to the perp volume (dark). Right now spot volume is pretty low; however, volume is low in general.
My takeaways:
SOL either needs to liquidate these longs while building up shorts. This would put shorts offside setting up for a nice reversal pump into the EOY taking out all the shorts creating a nice squeeze.
Or perhaps spot buying picks up eventually and the longs interest slowly rises surpassing prev long interest causing the breakout.
Similar analysis here on BTC but the short interest is pretty significant. Could be those who are arbitraging the perp funding rate by shorting instead of directional shorts but who knows exactly why.
If BTC begins to break out with strong spot buying soon after election uncertainty and EOY capital flows then all this short interest could get squeezed setting up for a perfect pump higher breaking out of this wretched range.
Time will tell. I think election uncertainty has market on edge as well as war/ recession fud.
SOL Can Crash The Market - FTX Bankruptcy money MartyBoots here , I have been trading for 17 Years and sharing my thoughts to keep you updated on the current market situation .
SOL has formed the same pattern as BTC back in 2019 which crashed the market.
This situation needs to be watched very carefully
They may want to drop the market and buy it up cheap with FTX bankruptcy money
SOLUSDT today Resistance: Around $145 - $148 (red zone), where price might be rejected.
Support: Around $135 (green zone), the next key area for a potential drop.
Trading Plan:
Short: Enter if price gets rejected at $145.
Target: Aim for $135.
Stop Loss: Above $148 for safety.
This is a straightforward approach based on current levels and potential price action.
Is SOLANA really bullish? A different lookEveryone is super bullish on SOL, and I have been also, look at my previous post:
But are we still bullish is the question?
We hit a 2.618 on logscale exactly for this top, and thats HUGE. So far we are holding a triangle like consolidation pattern at the top but we are setting lower highs and support has been tested 7 times! This will not hold forever if we keep testing it.
If we have a catalyst event this could cause a strong breakdown after so many attempts.
So what can the cataclyst be in "uptober" where everyone will leverage long like true degens.
- Market data has been proven incorrect and better than expected. What happens if the FEDs announce that they don't need to cut rates? Crypto will absolutely not like this.
- Israel or russia war events can cause huge disturbances to the market
- ??
Am I saying short SOL? No. I'm saying prepare for a possible unexpected turn of events where the entire market is wrong, like always, and you will be prepared.
I for one got 3 big limit orders with the major ones being $69 hihi, and $40. If we actually break down i don't expect $80 to be anything more than a bounce.
SOL - Are these moves big enough CRYPTOCAP:SOL is facing some market indecision and is at a fib retracement level of the 382 after hitting the .618
As often seen in the market price retracts in search of liquidity and confirmation of support.
we have a long legged Doji candlestick on the Weekly close that is showing market indecision and could indicate an end to the downward momentum. We need to confirm this before we can be sure of this reversal and are watching for support to be found on the 382.
Barring support being found we will see price go lower into the accumulation price area and we must confirm the trend reversal before entering a trade.
If we can setup the trade and catch the reversal we could see anywhere from 20% to 40% returns on a day position and may want to look towards entering into a 30 day long at this point as well for even larger possible returns as SOL could be in the 170 area in a month if we break out of the overall larger downtrend
SOLUSDT todayBased on the chart for SOLUSDT, here's a short and concise analysis:
Current Trend: The price has broken below a key trendline, indicating potential further downside.
Resistance: The area around 145.27–145.91 USD serves as the nearest resistance zone, where price previously rejected.
Support: The price is approaching the 141.07 USD level, and a deeper drop could lead to the next key support around 138.08 USD.
Strategy: A bearish scenario is likely to play out, targeting the 138.08 support zone if the price continues to weaken after failing to reclaim the resistance.
Watch for price action near the 141.07 level for potential short opportunities.
Is SOLUSDT About to Break Down?Yello Paradisers! 🔥 Is SOLUSDT on the verge of a major bearish move? Let’s break it down! 👀
💎SOLUSDT has flashed a Change of Character (CHoCH), hinting at a shift toward a bearish market structure. The current setup is starting to resemble a Head and Shoulders pattern, a classic signal of an impending downtrend.
💎Additionally, after the CHoCH, we saw a Bearish Engulfing pattern forming right on the resistance zone, further strengthening the bearish case. However, a supportive trendline below could provide temporary relief, so caution is essential!
💎If the price rises from the current level, a pullback from the strong resistance zone may be in play. If an Internal CHoCH (I-CHoCH) appears from this resistance area, it will reinforce the bearish potential and signal a continuation of the downtrend.
💎That said, any breakout and candle close above the strong resistance zone will invalidate this entire bearish outlook.
Stay patient and trade with discipline, Paradisers. The market is at a crossroads—let the charts confirm the move before jumping in. This is where strategic planning separates consistent traders from the rest.
MyCryptoParadise
iFeel the success🌴
SOLUSDT - Long Trade IdeaThis seems like a nice long opportunity on SOLUSDT perpetual contract pair.
The trade will be within the range of price moving from a weekly BISI to a weekly SIBI coupled with relative equal high liquidity.
I am anticipating a daily retracement lower, although it may not go as low as my entry. Either way, I am more interested in the trade idea panning out, and can always look for a refined entry if price is indicating that it is not coming to my entry.
SL below the last expansion low that reached into nested weekly PD Arrays.
- R2F
SOL Price Action and Potential Cup & Handle SetupIt’s becoming increasingly clear that SOL, much like BTC, is forming a cup and handle pattern. Once the trendline is decisively broken, this pattern should lead to higher highs, with the target being roughly the same distance as the height of the cup from bottom to top. If a breakout occurs, SOL’s target could be significantly impressive.
However, unlike BTC, SOL (and similarly XRP) often doesn’t follow the typical market movements and can act independently. While I’m not a huge fan of SOL due to its more isolated nature and weaker focus on macro trends, this is an undeniably strong technical setup.
If SOL does break through the trendline, I expect it to initially pierce above, only to retest and sit on that line. If the upward trend continues from there, the cup and handle will be fully in play.
Crypto in October is "UPTOBER" by OfficialPapaRicoThere was an imbalance on the 4-hour chart that also bounced right off the 61% level. This is a long-term trade and will hopefully break new highs within the next 6 months to 4 years.
This is not financial advice but I would highly invest in buying crypto and storing it in a cold wallet. CryptoBubbles.net is also a great platform to see the top 1000 coins to invest in. This is a great time to invest in at least 10 different coins.
Good luck guys and see you next year in 2025
- OfficialPapaRico
- October 6, 2024
BULL and BEAR targets for EOY and October (SOL)Hello Tradingview community!
As always: If these patterns I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I have made the chart super simple to understand as you can see
We got an October target: 160ish zone (resistance)
and we got a bear and bull target for EOY
Bull EOY target: 200-250 (I find this the most likely)
Bear EOY target 100-110 (I don't find it likely, but i do consider it)
EDIT: in previous post I've stated if Bitcoin does "crash hard" to new lows
I could see SOL hitting even 80 dollars (i still find it unlikely)
Of course these are just ideas.. What do you think will happen EOY for COINBASE:SOLUSD ?
I'm more "bullish" than bearish clearly, but I do always keep those
bearish targets in mind.
BOOST the post if you like what you see
and Follow for even more post about SOL in the near future!
NFA DYOR <<<-----
SOLUSDT - Short-term upside before retracing to $125Even though i am bullish on Solana over the next few week, in the short term i am seeing SOL retracing all the way back to $125 if Bitcoin falls below $59000.00 . Looking at the 4-hour SOL chart i am seeing a small push up-wards before offering a short opportunity all the way down to the bottom of the range at $128 to $125 which will allow for a fantastic buy opportunity.
SOL could be 200-250 EOY and even 500-800 Q3-Q4 2025Hello Tradingview community!
Before i explain my idea.. I want to make it very clear this is just an "idea" and nothing more -
If this doesn't predict as i've shown on the chart then please don't come crying to me (ty)
- DYOR NFA
Alright, so my idea is fairly simply as you can see..
I believe EOY COINBASE:SOLUSD could be at 200-250 (very possible)
and even at 500-800 price range at Q3-Q4 2025 (hard to predict that one)
SOL does have a chance to to visit 80-100 zone before doing these bullish scenarios!
Personally i don't think SOL will go that low honestly, but it's in the range clearly
so it's far from impossible.
RSI also looks like it's few weeks away from breaking out (usually a good sign)
Anyway - NFA DYOR.
#SOLUSDT #1D (Bybit) Symmetrical triangle break and retestSolana pulled back to 100EMA regained support where it bounced forming a morning star, resuming bullish would make sense.
⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (6.0X)
Amount: 4.4%
Current Price:
150.58
Entry Targets:
1) 149.03
Take-Profit Targets:
1) 171.43
Stop Targets:
1) 137.81
Published By: @Zblaba
CRYPTOCAP:SOL BINANCE:SOLUSDT.P #Solana #PoS solana.com
Risk/Reward= 1:2.0
Expected Profit= +90.2%
Possible Loss= -45.2%
Estimated Gaintime= 3-4 weeks
SOLUSDT | Solana looking at a small pullback before next leg upLooking at the 1 week chart, SOL is sitting in the top half of a upwards channel. The RSI is at the bottom of the range looking to push up over the next few weeks. SOL is currently pulling back and the bottom could be in at the fib retracement level of 0.168. This would be a good buy zone for a longer hold ... I am still bullish on SOL.
Final Solana Leg?Trade is simple. seasonality seems to be on our side here, also we've been in a range for most of the year which in my opinion seems to be a distribution range, so i guess this makes a final leg then crashes real hard back below $100. But that's getting way ahead of things as of right now the trade is long!