SOLANA will it break all time high ? the idea is to SOL have a correction level on the levels of 184-185 then have a pull back and acceleration to the 200-209 level and from there to the ATH
SOLANA trade ideas
SOLUSD-SELL WEEKLY CHARTIt appears to stay behind the others in terms of correction. Excellent opportunity seeing hammers, doji's etc and above Keltner, suggest a decline is likely, is my personal view. we have negative divergence as well with much lower highs and higher highs now with lower high RSI. The GANN lines also suggest we will correct.
Strategy SELL current @ $ 190-200 and take profit @ 135.00 for now. SL is a finanvcial question, but suggesting @ 225 for now.
SOLANA Will it hit $155 or $310 first?Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started.
That Channel Up also formed a Triangle half-way through and when the price broke to the upside, it peaked on its 1.5 Fibonacci extension. As a result, we will buy in case a similar bullish break-out takes place and target $310. If the Triangle breaks to the downside first though, we will short and target the 1D MA50 at $155.
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Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion...
We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction.
It may happen, may not happen. If it happens, you know what to look for!
For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline.
See below to see where we are in the Elliott Wave schematic.
What do you guys think?
Goodluck and as always, trade safe!
$SOL SOLANASolana in the 4Hour chart is showing a bullish pennant flag and a very tight squeeze. My sentiment would be a rip to the upside. DYR/NFA
SOL wedgeCRYPTOCAP:SOL is in a wedge. Once a breakout occurs we can take action.
Keeping a close eye on this one.
On of the strongest alts in the last couple of weeks.
SOLUSDT - in Bullish trendSOLUSDT making HH and HL, we are going to LONG at HL and targeting next HH
Simmetric triangle SOLANAIt seems SOLANA is close to breakout a simmetric triangle that has been consolidating after a bullish trend.
If the breakout happens to be above the resistance, the target price could be 240$
SOL : Looking In berish trend in 1 hourSol Looking bearish in 1 hour as this is making HH, HL, and LH and LL,
solana analyse*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SOL - Brave Bearish AttemptSOL is currently trading near its LH and fter formtion of bearish candle )tweezer top followed by red candle) a risky trade can be taken with entry price of 187 and stoploss @ 193
SOL To short only 1 to 4 hours tradeSOL Making LH and LL in 1 hour candle, i believe that it can give you profit in short term if you follow my strategy which i have provided in the chart.
SOLUSD GOOD AREA TO SELL 1HAs we can see market came to test important area and looks like its rejected
If we close this 1H below 194 i will take this sell and target 145.38
Will take profit along the way, will update wile doing so
Thanks for stop by
SOL Taking the corrective swing structure from 210.14 -162.39 we are approaching the golden pocket. We are sitting above the Icho cloud on a 4 hr time frame which lets me lean on the long side of the trade atm. Will not be surprised if we see a move to 176.57 which allow falls in place with the 100 ema.
SOL RIDE - Where we have been and where we are going!I am amazed how people are calling for massive SOL drops randomly without basis....
Back up - Look at the SOL history - NOT JUST PRICE - Fading SOL is a big mistake! SOL is not a mere MEME coin. This is a Facilitator Protocol that supports a whole universe of activity. SOL began with high valuation BECAUSE it seemed like a game changer that would make things 10,000 times faster - RIGHT OUT OF THE GATE!
Solana Labs has DELIVERED and the SOL universe continues to GROW. If SOL were a tree in the rain forrest it would be a massive ecosystem unto itself. HOWEVER - SOL like every single asset REAL or NOT in Crypto FOLLOWS BTC price action. Historically - When BTC went to 69k, SOL hit it's ATH of 260. A month before FTX scandal went mainstream Crypto Rumors sent BTC down to 15900 and SOL went down to 8.90! And now look where we are and where we are going ........ 🚀🛸🚀 right along with BTC and really - beyond!
But SOLANA team only got more focused and stronger. I got into Crypto Space back then after watching on sidelines for some time. I was very impressed by the resiliency I was hearing from these Devs at SOLANA who were on the total brink of collapse. They were undeterred in their mission and conviction. Now we are seeing some of the fruits of their work and we are enjoying super fast super cheap trading across platforms and exciting developments in pipeline that might compete with IG and Facebook and ZOOM - on SOLANA chain.
Look at history. Look at the REASON why the thing exists. Retracements and Corrections happen, but SOLANA will not fall all of the sudden on it's own without a black swan or a BITCOIN major Fail. IF the crypto industry flourishes - SOLANA will continue to be a diamond. If this happens Price will likely be 1000-2000 or more next few years and SOL will compete and maybe eclipse ETH. For sure the competition will make them and other spaces better.
STOP FUDDING SOL WITH NO BASIS! Study !
FOR SOME OF THE SOL HISTORY I rec this little timeline - timepath.org Happy Trading!
