SOLUSDT at 4h support, likely to bounce to recent high 79.15Last long trade order could not be filled as the price moved further up without coming to our buy zone. However, now there is another opportunity for a long trade on this pair. The price broke out through daily resistance and now it is retracing . Currently it is visiting 4h support 4HS1 and I expect it to bounce. The target of this trade should be close to the recent high it has made.
Solusdtanalysis
SOLUSDT long idea from 4h supportHere is another idea for long on this pair. The price has been rejected by the daily resistance DR1 and it was pushed down hard a while ago. That was a good long opportunity as the price bounced really well. However, that bounce met the daily resistance DR1 again and it is again being pushed down by the daily resistance DR1. There is 4h support 4HS1 sitting below around 69.73-70.6 zone. I think the price will visit that zone and experience another bounce which will give an opportunity for a long trade. Therefore, lets grab this long trade in case price visits the support zone 4HS1.
SOLUSDT at 4h support, likely to head upThe price has visited 4h support 4HS1 and has alrready bounced from there. This support zone 4HS1 presents a long opportunity towards the next resistance 4Hr1. Any dip to the zone is for the buy towards 4h resistance zone. If it manages to break 4Hr1, then the next traget would be daily resistance DR1. In case it breaks down from 4HS1, the next support level is daily support DS1 and will present another long opportunity.
SOL → Solana At Resistance! Will We Reverse? Or Pulling Back?Solana is at a key resistance level from what used to be Support in March of 2022. This resulted in a hard selloff throughout the crypto market, leaving us wondering what comes next. Are we pulling back then continuing? Or are we heading back down to the $32 area?
How do we trade this? 🤔
More price action is required to justify a market entry. Here's what we do have; a bull run with what appears to be the final leg up ending at a resistance level, an RSI over 70.00, and a massive bear signal to follow. These are the signs that the trend is about to change into a trading range then either a reversal or continuation. We need another failed attempt to break resistance to justify playing a reversal and we also need another show of support at the 30EMA or Support Zone to long.
Until then, it's reasonable to stay on the sidelines until more price action plays out.
🔑 Key Takeaways 🔑
1. At Resistance Zone after 3 Pushes Up. Pullback Likely.
2. Aggressive Selloff at Resistance, Need More Price Action.
3. RSI Over 70.00, Supports Pullback or Reversal.
4. Look for support at bottom of Resistance Zone or 30EMA.
5. Wait to Enter Market, Need Clarity on the Next Moves.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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SOLUSDT heading towards 100-125Another one with impressive movement in the last few months. The price has been moving upward for several weeks. Currently it is facing some pushback but there is nothing dramatic as of now. It looks like the price is headed towards the monthly resistance MR1 on the way up. That resistance zone is sitting around 100-125 area. I expect the price to pause or pullback once it reaches there. For smaller time frame trades, we will discuss them in separate posts.
SOLUSDTA bearish head and shoulders pattern appears to be forming on Sol. Upon the breakout below the neckline of the pattern, the anticipated target is $45✅. The current indications suggest that the price is on the verge of breaking the neckline. It's advisable to closely monitor Sol for further developments.
SOL1h time frame
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SOL is creating an ascending channel after crazy pump. 1.13 Fibonacci Extension is good to predict the resistance which is 70~74, this zone is also the structural resistance that formed from last bull market. Therefore, if you are holding long positions, should pay more attension when SOL reach the zone.
Solana and a few steps down...It seems that Solana has decided to go up with the "head and shoulders pattern" and comes down with the same pattern.
A head and shoulders pattern is forming. If this pattern is formed and confirmed, the price will drop to around $52.50. Unless something extraordinary happens.
Of course, these few steps down are very necessary and good in my opinion. Moving with this momentum is very dangerous.
Anyway, I like Solana's moves. It moves very wildly.
*** In my opinion, after this "head and shoulders", we will probably have another "head and shoulders" on a larger scale...
SOL Elliott waves analysis on pitchfan (Daily chart)BINANCE:SOLUSDT BINANCE:SOLUSD BITGET:SOLUSDT KUCOIN:SOLUSDT
I guess SOLANA is going to correct around $48 - $47.6
Then Start the 3rd Elliott wave to $83.
The correction will be around $71 and the final Elliott wave touch $104 (fibonacci 0.382).
The A,B,C correction will dump the price to $77 after that.
SOL target 2312h time frame
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SOL creating a rising channel or could be called as bearish flag, it just hit the channel top and got rejection. Also, there were two times SOL hit the upper uptrend line, and both got further dump. Both dumps satisfied 0.707~0.786 Fibonacci Retracement, so we can set target at the potential Fibonacci level around 20.5~23, this trading provides great risk to reward ratio(over 5)
TP: 20.5~23
SL: 40
Can SOLANA reach 100? Is it too soon?Yes I was looking short on Solana but SEC approved BTC-ETF. That's why every crypto pumps like its Bullrun. But few coins are much more likely to go even further and one of them is Solana. If we look closely Solana hadn't make Lower High since November 2021, all we had was little pullback to 140 area. If SOL close the candle below 32.5 in 1W TF I might consider to go in long position.
SOLUSDT - H4SOLUSDT
There may be either the end of the ABC correction or a continuation of the local downward movement. When the correction is completed, the nearest target will be at 24.70.
If we continue to move down, we can see targets at the level of 20.10
What can you expect?
Upward movement - if we see a breakdown of the level of 22.47 - local targets - 22.80 - 23.14 - 23.57 - 24.70. Cancellation of the idea when the level of 21.69 is broken
Downward movement - if we see a breakdown of the level of 21.69 - local targets - 21.39 - 21.00 - 20.66 - 20.10. Cancellation of the idea when the level of 22.47 is broken
Long
Targets – 22,80 - 23,14 - 23,57 - 24,70
Short
Targets – 21,39 - 21,00 - 20,66 - 20,10
SOL reach all Targets and here is higher one1h time frame
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According to our previous analysis about SOL, this Head and Shoulders has been providing lots momentum to pump.
Here is the best timing to set protective stop to avoid unrealized profit gone.
Adjust SL from 18 to 22 or 20
Also, if you remain partial positions, I set two higher targets at 25.1 and 28.3, which are the next resistance zones.
Previous post as below.
[EN] Solana restructures to the upside // GaliortiTradingAfter overcoming the 2021 bearish trend line, the stock has performed a pull-back and rested on its long-term bullish trend line. From there, BINANCE:SOLUSDT restructured to the upside .
Donchian channels restructured to the upside .
After 127 weeks the RSI attacks for the third time its long term bearish trend line . If it breaks above it, the upward stretch would be considerable, with its first target at $49 . Medium-term target: $140 .
Pablo G.
SOL bottom Head and Shoulders1h time frame
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SOL creating a potential bottom HS. Currently, getting support at 19, However, right shoulder hasn't formed yet, so we might see lower low of RS. Neckline of this HS is obvious at 20.5
Once SOL break neckline on upside, there are two targets as below.
TP: 21.8~22.5 / 23.78
SOLUSDT - AnalysisSOLUSDT
W1 - The price cannot choose a clear direction, but if we say that it is a flat, the price updates both highs and lows, global movements cannot be considered. Locally, the price may reach 48.10 if it grows. When falling 12.77
What can you expect?
Movements to the upper maximum - with targets 32.03 - 48.10 with possible continuation of the movement
Long
Targets – 24.81 - 29.10 - 35.31
Long-term perspective – goals 24.81 - 32.03 - 48.10
SOLUSDT heading down towards weekly supportThe price seems to be heading towards the weekly support WS1. It has lost important support levels and the next good support is the weekly support WS1. Therefore, it seems logical and probable that the price will head there before finding any meaningful support and bounce. A long definitely will be favorable once price reaches WS1 as there should be good enough bounce to make a long trade favorable.
SOLUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Targets: 27.5 - 33 - 39
after first target reached move ur stop to breakeven
Stop: ~18 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
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