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Solana's Potential Breakout to $55 - It's Time to Long! If you've been keeping an eye on the market lately, you might have noticed Solana's impressive performance. This blockchain platform has been making waves and gaining significant attention from both investors and traders alike. With its lightning-fast transaction speeds and low fees, Solana is proving to be a formidable competitor in the crypto space. But what's got me truly pumped up is the recent price action and technical analysis surrounding Solana. The charts are indicating that SOL is ready to embark on a remarkable journey towards the upper target of $55. This breakout could be a game-changer for those who take advantage of the opportunity to long Solana at its current price levels. So, why am I so confident about Solana's potential? Let's dive into the details: 1. Bullish Momentum: Solana has been exhibiting strong bullish momentum, with consistent higher highs and higher lows on the charts. This upward trend suggests that there is a growing demand for SOL, and the market sentiment is overwhelmingly positive. 2. Supportive Volume: The recent surge in trading volume for Solana is a clear indication of increased market interest. Higher trading volume often accompanies significant price movements, and it reinforces the likelihood of a breakout to the upper target. 3. Technical Indicators: Various technical indicators, such as moving averages and oscillators, are aligning favorably for Solana. These indicators suggest that SOL is currently undervalued and poised for a potential upward movement. Now, here comes the exciting part - the call-to-action! If you're as enthusiastic as I am about Solana's potential breakout, I strongly encourage you to consider taking a long position on SOL. By doing so, you'll be well-positioned to ride the wave of this anticipated price surge and potentially reap substantial profits. However, as with any investment, it's crucial to conduct your own research and make informed decisions. Keep a close eye on the market, study the charts, and evaluate your risk tolerance before making any trading moves. Remember, timing is key when it comes to seizing opportunities in the crypto market. So, don't delay! Take action now and position yourself for a potentially rewarding journey with Solana. Feel free to reach out if you have any questions or if you'd like to discuss further trading strategies. Let's make the most of this exciting opportunity together!
COINBASE:SOLUSDLong
by bryandowningqln
Solana Looking for Rise in its Price! {22/10/2023}Educational Analysis says SOLUSDT may go Long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Long? Broker Binance Although the SOLUSDT Market is in a downward trend on a daily time frame, On 4 hours it is making higher lows and higher highs. So one trade is already on with RR is 1:4.85 Disclaimer I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
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
by Trade_Hive_Signals
[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.
Long
by GaliortiTrading
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 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! 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
1
solusdtNew update of Solana currency According to the previous analysis, the price did not have the necessary resistance and crossed the lower line of the triangle, and I expect further correction to the specified range. The number specified in the picture is my intention to enter the purchase transaction. When the price reaches the specified number, please check carefully. As a rule, below the green range is your loss limit. And I tried my best to make the picture self-explanatory. With thanks for your attention. Good luck.
by kiarashazizi69
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