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Solusdtanalysis

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.
Short
by angela_altair
3
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
Long
by trytofeelpositive
2
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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
32
Sol Looks Promising Here Solana has recently broken out of a descending channel, and this breakout has already been confirmed. Currently, the price is in the process of retesting the breakout level. If this retest is successful, it could potentially lead to massive gains for traders who are long on $SOL. A successful retest would mean that the price of Sol holds above the previous resistance level, indicating that the previous resistance has now become a new support level. This would be a bullish sign and could attract more buyers to the market. If Solusdt manages to hold above the breakout level, it could potentially move towards 45$ Traders should keep an eye on the price action near the breakout level to determine if the retest is successful. It is important to note that a failed retest could lead to a drop in price, so traders should always have a stop loss in place to manage their risk.
Long
by Crypto-By-Ghazi
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. Entry: market and lower (17-14$) Targets: 30 - 40 - 50 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
4
SOLUSDT Elliott Waves Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and higher Target: 20 - 17 and maybe even ~15.5 after first target reached move ur stop in breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Short
by trytofeelpositive
13
SOLUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) Entry: market and lower (12.5 - 9$) Target: 15 - 20 and 25-27$ zone. 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.
Long
by trytofeelpositive
12
Bump and Run Reversal - BARR FormationOn the 6H a BARR formation (Bump & Run Reversal) A sideways price action followed by a sharp drop which then sets course towards the Lead in line. When the price breaks the Lead-in line it is desirable to spot a re-test to make the RUN... Target red box around $18 it looks like a bounce on the previous support line was there in case of losing that support i be looking at the 2 blue boxes. The Elliot Wave is included in this and I assume we are in wave 4 yes these blue boxes also fall within the margin of the wave 4 fibs, and together with the support lines based on the swing points could therefore be a solution. Then the following... which is the MA200 which coincides with the "old support line" see story above. and the lowest blue box currently coincides with the MA50. Keep calm, do your own research, trade safe and manage your risk. (Disclaimer: This is not financial advice)
by Tims.Technische.Analyse.
SOLUSDT Elliott Waves Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 14.8 - 15.5 - ~16 after first target reached move ur stop in breakeven Stop: 12.7 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to ~2.5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
7
SOLUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. We're in global buy zone(15-10), good entry point for long-midterm deals. 2 possible scenarios on the chart, orange if we will forming impulse in wave (c). Yellow if we forming ending diagonal . I'm tend more towards the yellow marker, because the orange implies a sideways movement in the supposed wave (iv) of (c) for another month and a half, which is too long for me. Entry: market and lower (13-9$) Target: 20 - 25 - 30 - 35 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.
Long
by trytofeelpositive
9