[SOL/USD] Solana's Rest & RetraceOn its 4 hr chart, CRYPTO:SOLUSD is retracing, with price now hovering below EMA 26 & MACD is testing the support line. Let see if it holds.
Long term view is still bullish.
SOLANA trade ideas
SOL/USD POTENTIAL SELL IDEAWe see price breaking out of distribution zone, getting ready to head to the downside. All we need is a perfect CTL confirmation. Good 1:2 RR
$SOL Cup and HandleSimilar to Bitcoin, Solana is in a giant cup and handle pattern on the weekly. If it breaks out successfully and is able to break above $200, we can see Solana hot $360 in due time, as this is the target for this pattern.
Weekly SOLANA Chart indicating BULLRUN soon!
Fellow Solana Investors, Please comment your thoughts on my analysis
I've been watching the Solana price and I'm noticing that on the Weekly chart, SOL is showing upcoming bullish confluence between the RSI/RSI-MA14 and the MACD crossing the Signal Line (above the histogram - which is bullish). Also, the price actions of Solana seems to follow previous patterns of past bullish and bearish runs of the market over the last year. The current price action and indicators appear to show a possible break of the top resistance trendline. Which, to me would indicates an upcoming bullrun, expesially if it breaks that top trendline which could result in a new leg up to a new ATH (All Time High) for Solana.
I don't follow Bitcoin as much, but bitcoin is about to breaks it's own top trendline, since solana follows footsteps with BTC price action pretty well.
SOLUSD: An alternative countI am looking at this alternative count since it answers two questions. First, the very first day price action back in April 2020 and the following structure looks to be a 3 wave structure that throws off the entire sequence until the top in Nov 2021. So, if we go with that as a 3 wave structure, it starts to make sense. The second question is the matter of supply. Sol is inflationary and we have seen how it can be manipulated form FTX case and LUNA case. The chain is highly hack prone and very centralized. So, nothing is stopping it from creating unlimited supply for any reason, crushing the price. Not saying that will be the case, but it is still a non-zero probability. Keeping that in mind, the short to midterm might be the biggest pump incoming for the price. While other assets might be struggling to make new highs or gearing up for wave 2, Sol might go the opposite way to the moon. If that happens, then this alternate count probability will become my primary count. The targets will still be somewhere in Jupiter....before crushing back down to earth.
SOLUSD BUY ANALYSIS TRIANGLE PATTERN DAILY TIMEFRAME Looking at Solusd on daily timeframe there is a triangle that form and the price has break it above showing there is a chance to rise more so trader needed to go for LONG and target profit should be 183.66 and 223.79 . Use money management
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
Solana roadmapWe are on the brink of the latest run up that whales are engineering to distribute, and pull in as much liquidity to exit for 2025 bear market.
Don't let the headlines fool you, there is no real utility to these shitcoins except printing money to traders and whales.
Of course, I could be wrong, a dapp could show up that gets people hooked, but i bet any web2 architecture can do anything better and faster than web3. In the meantime, just ride the waves.
Solana: Close Call!Solana rose further last week, approaching the important resistance line at $163.44. Consequently, we have raised the probability of our alternative scenario to a whopping 43%. This scenario still locates the price in an extended blue wave (i). However, we primarily locate the coin in the same-colored wave (ii), which should initially approach our Zone (between $85.15 and $30.79) before being replaced by an impulsive rise to above the $210.03 mark.
SOLUSD BUY ANALYSIS TRIANGLE PATTERN DAILY TIMEFRAMEHere on Solusd price just form a triangle pattern on daily timeframe and it break the upward line 150.93 which means that going for LONG is needed with target profit of 173.48 and 209.09. Use money management
SOL/USDT 1D Long-TermHello everyone, let's look at the 1D SOL to USDT chart, in this situation we can see how the price has broken out of the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $161
T2 = $172
T3 = $191
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $144
SL2 = $132
SL3 = $112
SL4 = $98
Solana - Buy IdeaSolana is breaking the significant resistance of $138.90. This will propel the next stage of bull cycle. We established a new buy position with a profit target at $155.90
$SOL $SOLUSDT Daily Bias UpdateI would have expected a stronger selling pressure from the supply zone that the price is currently in, but the price seems likely to target higher levels to grab more liquidity and mitigate extreme levels before going down.
Buys look more probable for now in lower time frames. I will look for sells as ( if ) I see strong liquidation and bearish momentum after price mitigating upper levels.
9.25 Wed. SOL TREND TEST Higher Watching the retest of the trend line. You can see levels to hold as well. Have an awesome day.
[SOL/USD] Solana's possible C&H on 4 hour chart.This is 4 hour chart of CRYPTO:SOLUSD . For all master of chart pattern out there, can we classify this as a cup & handle ?
