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Solusdtanalysis

SOL (SOLANA) Technical Analysis and Trade IdeaThis video presents an in-depth examination of a technical analysis and trading strategy for SOL. Our evaluation indicates the possibility of a trading prospect. We conduct a detailed review of the prevailing price movements, examine the market's framework with precision, and take into account the market's forces. Given the positive circumstances, we pinpoint a prospective point of entry. Nevertheless, it is essential to emphasize the importance of applying strong risk management measures. It is important to remember that the content of this video is intended solely for educational purposes and should not be interpreted as investment advice.
by fxtraderanthony
SOLUSDT: Price is likely to continue to rise! SOLUSDT: Our previous analysis of SOLUSDT was conducted when the price was at $20. Given the current bullish sentiment in the cryptocurrency market, we believe that the price will continue to rise. Our revised target range is $240 to $300. However, due to the low trading volume during the Easter holidays, we recommend waiting for the market to return to normal volume before executing any trades. Please note that this analysis is specific to SOLUSDT and should not be compared to our previous analysis of BTCUSD, as the market dynamics and biases are different.
Long
by Setupsfx_
14
SOLANA per $1000 is real and when?SOLANA has shown its resilience and dexterity of the project creators. They managed to revive a project that seemed to have drowned along with FTX We described it in more detail here: During 2023, the SOLUSD price approached ATH in percentage terms, closer than the price of BTC. Where is the current high? - Perhaps it is already there, or perhaps there will be another attempt to make another breakout to the $148-158 range - there is a strong liquid zone there. It is worth remembering that the "large FTX stocks" are in SOL and still have to be sold off to pay off creditors. Therefore, just in case, you can and should set up buckets to buy SOLUSDT at $70-80 and $45-50. And from there, only x15-x20 growth during the next possible bull cycle will bring the coveted $1000-1100 for SOL _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
19
SOL Solana Trade IdeaSOL Solana is clearly trending bullish as we can see on the 4 hour time frame with consecutive higher highs and higher lows. We look for an entry on the Fibonacci retrace down into the 50 to the 61.8% level. We can see support on a previous high to the left of the current price swing which could provide support for an entry point. Target one is the current price swing high take partial profits and move stop loss to break even, target two would be a measured move above the current price swing. This analysis is for educational purposes only and not financial advice. Always trade with a solid risk management plan.
Long
by fxtraderanthony
1
#SOL Elliott wave 5 scenarioIn the daily time, according to the short-term analysis mentioned in the previous post, it had a complex double correction, which ended after the completion of the 4th wave of the corrective erosion after the break of $87.5, and the current wave will be the 5th wave of this cycle, which can reach at least 100%. The range of the previous ceiling should continue to grow, and if it continues, it should be as long as wave 3. According to the current momentum, we should probably face a long upward wave, which I will update in the future. ------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
Long
by alikze
108
SOLUSDT at weekly resistance right nowThe price has been in uptrend since end of 2022. It has not broken the high it had set in 2021 but it has covered a significant distance from its low in 2022 end and has come close to its all time high zone. However, the price is currently trading at a weekly resistance level WR1. The price did experience a pullback from that resistance zone but quickly backed up and now trading again in that resistance zone. Looking at the momentum, the possibility of the price to break this resistance cannot be ignored, however, a bit of caution is definitely warranted. The next resistance zone is WR2 which is also a monthly resistance zone sitting around 198-208. However, I believe there would be some struggle there but the price will eventually break that and move upward. The more significant resistance is the currently weekly resistance WR1. Let us see how it plays out.
by angela_altair
SOLUSDT FOR THE WEEKIf no anomaly occurs and bullish sentiment along with constant new developments on Solana chain continues, this current idea should stand, and will be my entries Entry 1:98.4 - long (After break above 4hour retracement high. Anticipate price to finally break the daily resistance. However, will secure partial profits at the resistance, and let runners run to 108 (wick high) Entry 2: Will enter a sell position to scalp the retracement down to 102, where I'm expecting support to form between 98-102. Entry 3: Will be placing a long entry after securing some profits on the retracement trade. This time, anywhere within the 90's zone is a guranteed profit, I will look for a nice price action before entering, most probably 50% position size at 30x leverage, with TP at 123 and SL at 98.
Long
by lesnermj
🚧Solana(SOL) can Drop ➖15%🚧🏃‍♂️Solana is moving near the Support line right now. 🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame . 🌊The structure of correction waves is Triple Three Correction(WXYXZ) . 🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
31
#SOLIt is moving in an upward rally in the medium-term channel, which is completing wave 4 of the correction, which can continue wave 5 to at least 100% of the fibo of the wave before the correction. In case of a break, it has the ability to reach 1.618 waves, which is also indicated in the chart. In addition, wave one, which includes a complete cycle, this corrective wave of a higher degree can be completed in the PRZ or golden zone. In the end, in the event of a break, the golden range will continue to be corrected up to 23% of Fibo, which will become the range of $77 or the yellow bar.
by alikze
3
Solana Rally almost overAmong all the blue-chip alts, Solana has had the most impressive run so far. It has almost 9X'ed from its bottom in July this year. But technical are showing signs that its rally is about to end and it's about to enter long term consolidation. So far it has had multiple drives of bearish divergence on Daily RSI and has hit its head in resistance with divergences. As you can see the RSI is trending inside a triangle and is about to hit the lower trendline of the triangle, so it possible we may see short term bounce once it hits the trendline or Bitcoin produces a bounce, but the upside is limited. If we get another push up, we might double top or if we create another high, but it won't be significantly higher than the current one as we have Weekly level right above the daily supply from where Solana has recently rejected. The weekly level is also surrounded by important fibs i.e. 0.886 from the march 2022 high and 0.5 of ATH. Also, if we look at the Weekly RSI it's in an extremely overbought zone, so hard to imagine there is much room left. I have highlighted the RSI in the past showing where Solana is in terms of bull cycle, it has a long way to go up in coming months and a year. Now coming back to Daily RSI in the main chart once the RSI breakdown happens from the Triangle, its measured move takes us to extreme oversold RSI levels. I have measured how long it took in the past for the RSI to get down to extremely oversold conditions when the RSI was in similar state. It took approx. 60 to 70 days. 60 to 70 days from now is march April TF approx.., and we all know from the BTC cycle perspective we always get a dip right before the Halving which servers a double bottom for real bull market to take shape. BTC halving is expected in April end in 2024 and its highly likely we will see BTC correct 30 to 40% from its top which will take All the alts down with-it including Solana, so it all fits with the timeframe of finding the possible bottom in March, April 2024. I have highlighted the next zone of accumulation for Spot Solana to hold for the next bull run in 2024 to 2025.
by zakoraio
3
🗺️Solana(SOL) Roadmap🗺️🚀Today, I want to analyze the Solana(SOL) project, which has grown more than ➕380% in the last 90 days . Does Solana continue to grow, or does it need to Rest ❗️❓ 🙏Please stay with me. 🌐In terms of Fundamentals and News/Rumors for Solana(SOL), Solana(SOL) is in good position, as: 🔸Collaboration with Amazon . 🔸Launch the Firedancer protocol . 🔸Solana's Total Value Locked ( TVL ) has grown well. ⚠️Of course, we saw the impact of all the above during these 90 days in the Solana(SOL) project chart. 🏃‍♂️Regarding Technical Analysis, Solana(SOL) is moving in the Ascending Channel for about a year, and now it is in the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and near the upper line of the ascending channel. 🌊According to the theory of Elliott waves , Solana can be associated with 2-3 scenarios , which means that the grouping of waves with each other can be done in different ways, that Solana's falling wave structure from $260 to $8 was five waves ( main wave A ), so these rising waves created by Solana can eventually continue until the All-Time High(ATH=$260) , and there will be a fall again. In fact, all these waves that have been created in Solana during one year are in the form of the main wave B should be considered. 🌊The point that I can mention about Solana waves is that Solana seems to have completed its impulse wave 5 in the last 3 months soon and needs to be corrected to grow again. 📈Before the conclusion , it is better to take a look at the SOLBTC chart. 💡SOLBTC is moving near the 🔴 Resistance zone 🔴, and according to Elliott wave theory , it seems to be completing the main wave B with a Zigzag Correction(ABC/5-3-5 ). 💡From the SOLBTC chart, we can understand that if the cryptocurrency market falls , Solana will probably suffer more than Bitcoin in the future. If the cryptocurrency market grows , Solana will grow less than Bitcoin. 🔔As a result, according to the above explanation, I expect Solana(SOL) to Fail to break the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and probably increase to around $81 at the most and then start to fall to one of the Fibonacci levels or 🟢 Support zone($30.50-$25.80) 🟢. ❗️⚠️Note⚠️❗️: If the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 is broken, I still think that Solana can increase (maximum) up to $260 , which of course, can be attractive considering the current price. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
79