Solusdtanalysis
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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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
SOLUSDT still at weekly resistanceHere is an LTF view of SOLUSDT. The price is trading rangebound between hourly support and resistance. This hourly resistance is a bit above the weekly resistance one WR1 which has held the upward movement of the price experienced in the past few days. The price has hit the hourly support several times only to bounce from there and has reached to the hourly resistance a couple of times only to be rejected. At present the price is bouncing from the hourly support and trading just above it. I expect that it may move up to 21.80 and then start going down. On high time frame, probabilistically it makes sense to go long only after weekly resistance is cleared. Until then short is favorable from weekly resistance on large time frame. Not in trade for this one at moment.
SOLUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Nothing has changed from my last idea, everything according plan.
We start to grow like i expected.
Entry: We're in pos from 17.3(look at related idea)
Targets: 30 - 40 and maybe 50 (not sure)
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
What kind of reward do Solana SOL holders expect?The price of SOLUSDT has weathered yesterday's "helicopters" in the cryptocurrency market quite well. However, it is still in a downward trend channel since the end of 2021.
It seems that only the most steadfast holders of Sol remained, who believe in the Solana project and will not drain the token under any circumstances.
And if we also take into account the fact that FTX is expected to resume operations in the second half of 2023 and early 2024 with a return of 50-70% of the lost funds, this may play a positive factor for the Solana project.
Here, we have described in detail how closely Solana was connected to FTX and related entities.
So, as of the time of writing the idea, it looks like $19.50-26.50 is the zone for accumulating long positions.
Above $26.50, a powerful upward momentum should be generated to break the downtrend. The first target for such growth is 42-47$ , as the upper boundary of a long-term liquidity zone.
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