When will bullish trend of Solana end ?(Price and time analysis)Hello everyone, I hope you're all doing well.
It seems that SOL has completed five waves and is now likely to undergo a corrective wave of three. Negative divergence between waves 4 and 5 in RSI or MACD is often a sign of the end of wave 5.
Keep in mind that both FVGs have filled out the weekly important points.
I don't recommend taking positions, but if you intend to, remember to manage your capital and risk properly without forgetting about rewards.
(Because Solana is very Savage.)
Time analysis:
In the Solana dominance chart, two days are significant:
- Today, which we witnessed the decline, and the next day, Thursday, March 28th, where there's a possibility of significant media news within this time frame, such as the sale of assets by the FTX exchange.
- The last day is April 13th.
In summary, be cautious with your positions over these 25 days.
P.S : The SOL.D chart is for yesterday.
I suggest you thoroughly read the analyses linked below:
USDT.D
BTC.D
BTCUSDT
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
The RSI indicator also suggests a complete cycle.
After starting from a small uptrend channel, it's currently completing an Elliott Wave cycle.
....
Solusdtshort
SOLANA!!!! Future OutlookSOLANA is showing signs of reversal with bearish weekly divergence. It already has made a cup pattern with potential downside is possible for completing the handle. Potential downside target based on fib level is between 82$ to 65$ at 50% to 60% respectively.
*******Trade Plan******
Take Entry @ Daily TF as soon as HL broke
Stop Loss @ Top
Take Profit 1 @ Fib 50%
Take Profit 2 @ Fib 60%
What do you think, will it create cup & handle?
SOLANA Traders.....Have you ZOOMED OUT lately? SOLANA has switched from a Bull Channel to a Bear Channel.
We're now on the 7th day of this new bear channel.
RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023.
If you found this interesting or helpful, click the rocket! --------->
#SOL/USDT#SOL
The price is moving in a downward channel and sticking to its limits well
It was hacked upwards and is being retold now
We have respect for the lower border of the channel at the 100 level
We have an uptrend on the RSI that the price is following well
The first entry price is 107.41
The second entry price is 102.00
First goal 111
Second goal 115
Third goal 119
SOLUSDT Bearish (Divergence, AB=CD PRZ Zone & Double Top)SOLUSDT shows a bearish bias considering:
(1) Bearish Divergence at 1H TF
(2) AB=CD Pattern showing price at reversal
(3) Double Top reversal pattern.
*** Trade Plan ***
(1) SL at Higher High
(2) Entry at previous Higher Low
(3) TP1 and TP2 at 1:2 risk to reward ratio.
What do you think guys, will it work?
Note: Crypto is high risk market. If you are not comfortable with this trade, don't take it. This trade is purely based on technical.
Solana - I hope it doesn't play out like thisI'm really hoping it doesn't play out this way, I would much prefer the accumulation and the bullish scenario, I think we all would. The thing that concerns me though is that the measured move from the high we just put in perfectly lines up with the bullish weekly OB and the monthly FVG, so stay on guard here and be careful
SOL vs BTC : Where Have I Seen this FRACTAL 🤔📉Hi Traders, Investors and Speculators of Charts📈
Looking at the Solana chart today, something struck me as familiar - but I couldn't place my finger on it. A pattern... where did I see this before?
If you stare at charts about as much as I do, sometimes you start to see trends and correlations between charts. We call these - FRACTALS. These are a great tool to use when scouting for patterns. You can use a fractal in many ways, but I mainly gauge it against what happens next after the fractal on the origin chart.
We're doing the same thing today between SOL and BTC - using an old Bitcoin fractal to predict the potential next move for Solana.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:BTCUSDT BINANCE:SOLUSDT
🚧Solana(SOL) can Drop ➖15%🚧🏃♂️Solana is moving near the Support line right now.
🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame .
🌊The structure of correction waves is Triple Three Correction(WXYXZ) .
🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Is SOLANA about to BREAKOUT?Solana is trending up in it's channel on the 30min chart.
If it breaks out through the channel on a candle close, look for it to move higher.
If it rejects the channel resistance, look for it to test the bottom the channel and repeat.
BINANCE:SOLUSDT COINBASE:SOLUSD
#Solana #BTC #SOL #SOLUSD
SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis:
What is on the chart? (follow the steps)
1) A daily FVG that serves as a support zone.
2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand).
3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'.
4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally.
5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC).
6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level.
NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around.
As always, enjoy the rest of your day and happy trading!! ;)
Solana symmetrical wedge breaking down. Look for more downside..Solana is breaking down at a large symmetrical wedge.
Daily time frame looks bearish. MACD weakening trend.
Volume is breaking down.
Just testing the top of the most recent VWAP range. If it continues down, look for support around the white VWAP line some where between the two yellow support areas.
BINANCE:SOLUSD
COINBASE:SOLUSD
SOLUSDT
Am I Right to Short Solana? Let's See! {07/Jan/2024My first trade analysis of 2024 on Crypto Currency.
Educational Analysis says SOLUSD may move in this range for some time according to my technical.
Broker - Binance
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check Comment section how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Solana heavy Dump is comingIn the previous analysis, I explained that Solana fake broke out. Except very strong resistance ahead, negative divergence in rsi. We have very negative news for the new strain of covid in America and India, and the outbreak of a strange respiratory disease in Turkey, the biggest lesson I learned from 4 years ago is: get out of the market or take a short position. Very important point: Market Maker never buys $44 or $46,000 Bitcoin or $80 Solana, the purchase amount must be justified. We have pre-bought bitcoin eft on the chart.. Don't pay attention to the predictions of $150,000 and $1 million bitcoin, this is the work of the market maker, we will witness a severe market dump.
Be careful
SOL → Which Way Solana? Let's Answer That Question With a Chart.Solana is at a crucial decision point; fail to break resistance or rocket to the next level? Right now it's failing to get back into the bull channel, but hasn't yet broken to the downside.
How do we trade this?
If you're not already in a trade, wait to enter one! For a long, we need a test of Support at the 30EMA, or a break of the Previous Resistance line followed by a support test and confirmation. To short, we need a failed breakout attempt of Previous Resistance and preferably, a confirmation bear candle closing on or near its low below the 30EMA.
Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit.
Trade Idea
Short Entry : $48.00
Stop Loss: $54.15
Take Profit: $35.70
Risk/Reward Ratio: 1:2
Long Entry : $73.00
Stop Loss: $107.00
Take Profit: $61.65
Risk/Reward Ratio: 1:3
Key Takeaways
1. Bull Channel, Bias to Long.
2. Bear Breakout, Watch for Sell Signal.
3. Still Above 30EMA, Watch for Support.
4. Do not Long until we break Previous Resistance.
5. RSI at 61.00, below Moving Average. Supports Short.
You are solely responsible for your trades, trade at your own risk!
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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.
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...