Get started

Solusdtlong

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: Signaling Strong Bullish Trend, Upside Potential +40%?Hi Realistic Traders, let's delve into the technical analysis of $BINANCE: SOLUSDT Embracing Dow Theory's core idea that "history repeats itself. In September 2023, we witnessed a breakout from a falling wedge pattern. Following that breakout, prices kept climbing in a bullish trend. Recently, we noticed a quick bounce at the 0.5 Fibonacci Ratio, coupled with breaking the upper trendline of the falling wedge. This move was confirmed by a bullish crossover on the stochastic—similar to what we've seen before. So, based on these signals, we're projecting a potential bullish run toward our target area. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Long
by financialfreedomgoals101
7
SOLANA: Approach to important support areaHi everyone! Solana's main trend is up in the long term. After completing the bullish structure in the $265 area, SOL triggered an important corrective structure which correctly reached the first support area around 8.50. That said, a consolidation is possible in short term but from a technical point of view, it should be interpreted as an opportunity to take a long position. NB: Analysis shown is on a logarithmic scale. Trade with care.... 💖 Support our idea with your Like & Comment, thank you! 💖
Long
by TheAnonymousBanker
5
Long Position on SOLUSDTAnalysis: Bullish Divergence in RSI: A bullish divergence is observed in the Relative Strength Index (RSI), indicating potential upward momentum. Stop Loss Protection: The Point of Control (POC) from the volume profile can be used to protect the stop loss, providing a key support level. Take Profit Levels: TP1: Set the first take-profit level between the 23% and 38% Fibonacci retracement levels. TP2: Place the second take-profit level between the 50% and 61% Fibonacci retracement levels. TP3: Target the third take-profit level at the 78% Fibonacci retracement level. Use of Gray Rectangles: Gray rectangles, derived from open interest and representing areas with the highest volume, are used to set the take-profit levels. Trade Plan: Entry: Consider entering a long position based on the bullish divergence observed in the RSI. Stop Loss: Protect the trade with a stop-loss order placed below the Point of Control (POC) from the volume profile. Take Profit: TP1: Close a portion of the position at the first take-profit level between the 23% and 38% Fibonacci retracement levels. TP2: Take additional profits at the second take-profit level between the 50% and 61% Fibonacci retracement levels. TP3: Target the final portion of the position at the 78% Fibonacci retracement level. Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly. Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
Long
by ispatialresources
Solana (SOL) UP UP UPAnalyzing the Solana (SOL) 1D chart, we see that the price has experienced substantial growth and is now navigating a retracement phase. The Relative Strength Index (RSI) has recently dipped from overbought levels, now floating around the mid-range, which suggests a normalization of buying pressure. The Moving Average Convergence Divergence (MACD) histogram is decreasing in height, indicating a reduction in bullish momentum, yet the MACD line remains above the signal line which typically conveys bullish market conditions are still in play. 0.618 FIBO level often being a key area of interest as it is commonly seen as a potential reversal zone. Currently, SOL's price action is hovering around this level, and the market's response here could determine the direction of the next significant price move. Break of Structure (BOS) and Change of Character (Choch) indicators are marked. The BOS signals are aligned with considerable price movements, which could be indicative of institutional or 'smart money' interest at these levels. Volume Profile Visible Range (VPRV) highlights a concentration of trading activity at lower price levels, implying potential support areas if the price were to retrace further. Traders should be wise to watch for any bullish or bearish confirmations at the 0.618 Fibonacci level as well as any further SMC signals that may dictate the strength of the current trend and potential reversal points.
Long
by CryptoDiabloo
Better days are coming for Solana.If you take a medium-term look at the Solana chart (4-hour or daily), you'll see a very impressive flag formation. Flag formations are usually indicative of an upcoming upward movement, with the condition that our flag's upper resistance needs to be broken for the rise to occur. In this chart, you can observe two different buying approaches. The first way is to make a purchase when the flag is broken, or as a second approach, you can wait a bit longer and buy when it reaches the range of 77 to 78. There is no reason to buy at the current level. Please be patient; money will come to you eventually. Good day and profitable trading.
by TonyStellar
4
SOL :Analysis combined with strategy training📊 There are three golden points hidden in this analysis and position, which were designed according to my own strategy. Tips: 🎯 First point: 1️⃣ When the trend line breaks from the ceiling, it is better to wait for a pullback. Second tip: 2️⃣ When we are in a strong upward trend, we should wait for its second leg. Third point: 3️⃣ from where the powerful candle started, wait to return to the previous broken candle. 🎖️ These tips have been backtested and livetested over several years and this strategy has been prepared, so look more carefully at the previous analysis.✨
Long
by ehsancrypto72
SOL 4HR REACCUMULATION Solana has almost left it's 4hr reaccumulation trading range. The expectation now, if it is to continue bullish will be a break of structure to the upside, a short continuation above the BC(buying climax) and AR(automatic rally) before a slow pullback to mitigate the AR area. If solana achieves these steps we will expect an explosive move from the AR region on the lower timeframes and a large move on the 4hr to at least $144. We must bear in mind that all of these steps need to occur and that there is no guarantee that the "composite man" will not initiate a sharp move back down into the trading range to shake out more retail. We also must consider the monthly, weekly and daily possible targets and the supply regions on these timeframes. There are so many factors to consider because so many unmitigated areas and liquidity zones remain below the trading range. We must be mindful that traps are how the big players take us out so wait for these traps to occur before we enter in line WITH these big players. To be too early or too late is going to be a loss. Watch the institutional candles and enter after the mitigation of these. Don't chase the pump or you will be the liquidity to fuel their move higher. For now their intention is up once they break this structure upwards. As always, wait for their moves first, keep risk low and remember this is their business and they do not want you to participate. Taking all retail out to fuel their moves is how they play. Always backtest Wyckoff thoroughly before trading it.
by theresedoyle2011