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Solusdtidea

#Solana SOL/USD -Daily chart#SOL - From analysing the chart, it is clear that the overall sentiment is bullish, meaning that we expected to increase. However, it's important to take note that the relative strength index (RSI) is quite high, which may indicate that the market is overbought and could experience a short-term pullback. Additionally, it's important to be aware of any resistance levels that may be present on the chart and to consider the historical patterns and trends. Despite the high RSI, it's important not to jump to conclusions and to evaluate the chart with a critical eye. It's essential to not make hasty decisions out of fear of missing out (FOMO) and to take a moment to think critically in order to come to a conclusion. Overall, it's important to be careful and to make well-informed decisions.
BINANCE:SOLUSD
by RomKriss
2
Solana SOL price may start correction in the coming daysA few days of the rapid growth of the SOLUSDT price has given many owners of the coin hope for super-strong growth. But not everything is as good as it may seem at first glance. Firstly, the SOLANA project is very much connected with FTX and Co (the show on this situation will last for many months, if not years). More details about the amounts involved and the number of SOLs involved with FTX we wrote in our previous ideas. Secondly, the SOLUSD price is entering the liquidity zone of $13-16. In this zone, at least two groups of traders will sell SOL: those who unsuccessfully took a long position in November 2022 and sat through a 50% drawdown, and now will exit from the position to "zero" and those who bought SOL with limit orders at a liquidity level of $8, and now it's time to fix +70-100% profit. In the medium term, we assume that the formation of a reversal pattern "Inverted Head and Shoulders" is possible According to this pattern: - risky buy zone of SOLUSDT around $10 - conservative purchase of SOLUSDT after a confident consolidation of the price above $16 The target for the development of this pattern is around $31 Given the fact that SOLANA is very much dependent on how the process of judicial proceedings over FTX and co. will take place. It is worth understanding that one news or tweet and the price of SOL can plummet. Therefore, it is worth insuring your long positions with stops. It is worth keeping limit orders to buy SOLUSDT around: $3.70, $2.25, $1.65 . And maybe someday you will be lucky with a super profitable purchase of SOL, like those who bought SOL a week ago at $8 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
SOLUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) Entry: market and lower (12.5 - 9$) 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
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
SOLANA - It's not as bad as it looks.After stopping the downtrend on the chart, there is a breakout with a breakout of the historical support level. In order for this breakout to be considered false, the price needs to return above support with bars of renewed buying on rising volumes. There are sales through the claymatic, to confirm the purchases you need a test of this buyer, which stands at 12-15. Observe. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
6
SOLUSD in correction channel! SOLUSDTThe uptrend initially moved upward in a channel with a low and soft slope ( The white channel). Then the price started to grow with a jump move in an ascending channel with a high slope (more than 70 degrees) (in the blue channel) Now, in order to reach the balance and also to continue the uptrend, it should form a channel with an angle of about 40 degrees to 45 degrees, and for this reason, it has a correction and a short downtrend ( micro-channel), and then it continues to move upwards in the Red channel... SOLUSD/ Solana vs Tether | SOLUSDT -------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
by Arash-RK
SOLUSDT ! Broke rising wedge pattern, looking very bearishHello traders 👋 On Aug 18, downtrend line broke rising wedge pattern. Therefore, it is more than likely downtrend line will continue. It confirms my trading analysis that I did on aug 9. After rising wedge pattern tests resistance line, it formed strong downward price movement. The sellers were waiting for the pattern to break the support line and they ordered sell orders which executed once orders had been confirmed. There were a lot of sell orders. As rise of DXY, it might not have a good impact on crypto market. Also to confirm there is a downtrend, 50 and 200 EMA curving downward.
Short
by YertuntsTrader
SOL possible double top and dump incomingI see that SOL is going on an uptrend with a very clear diagonal support.. but at one point it going to break it and go down. Also the hacking of the old wallets that have been done a few days ago, at the begining of the month of august could make this drop happen faster then anticipated, september being in general in the past a bearish month for crypto. This are my targets for SOL for the next 1-2 months.. Good luck! PS: Always use SL. SL is your friend!
FTX:SOLPERPShort
by mihaialex88