SOLANA trade ideas
Solana breakdown I'm not familiar with Solana but that shouldn't mater, it's price movement seem as everything else.
It looks like it wants to fall off a cliff given the right conditions. To me it's price action seems easy enough to understand. I'm going to break it down long term and mark out key areas of price I will be trading around this year.
I will post my breakdown over the weekend and study price for those pin entries.
Things could get very ugly, either way I want in!
I am Golb.
Solana breakdown I'm not familiar with Solana but that shouldn't mater, it's price movement seem as everything else.
It looks like it wants to fall off a cliff given the right conditions. To me it's price action seems easy enough to understand. I'm going to break it down long term and mark out key areas of price I will be trading around this year.
I will post my breakdown over the weekend and study price for those pin entries.
Things could get very ugly, either way I want in!
I am Golb.
Sol shortStopped out at BE, it sometimes takes more than one shot. My bias is still short. I will short it a bit higher in my zone as long as I get a stop that's worth the risk.
Sol shortStopped out at BE, it sometimes takes more than one shot. My bias is still short. I will short it a bit higher in my zone as long as I get a stop that's worth the risk.
Sol shortsWith BTC looking like it might head lower, some alts look like they might follow but fall even faster.
Sol seems to be at a significant area where price could see a reversal and move lower before the next potential leg up. I entered a small position to be aggressive with the entry as price might move fast when it goes. All my rules have been met and I took a short. I already moved my stop to BE as a spike up is not out of the question.
Let's see how it goes.
I am Golb.
SOL situationCOINBASE:SOLUSD
It has currently reached the ceiling of its descending channel, which can grow to the following levels as a mineral step if it breaks the ceiling of the channel and the resistance of $210:
230, 245, 264
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This is not financial advice. Always manage your risks and trade responsibly.
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SOLUSD charging for the 1D MA50. New rally started.Solana (SOLUSD) made a new 10-day High as it is rising aggressively today towards the 1D MA50 (blue trend-line), which is the first level of Resistance. We expect this rally to be the start of the new Bullish Leg of the 5-month Channel Up for three reasons.
Firstly, last week's Low was exactly on Support Zone 2, which is the pivot level of the October 29 High. We've had the same bounce on Support Zone 1 when the previous Bullish Leg of the Channel Up started on September 06 2024.
Secondly, the December Low almost tested the 1D MA200 (orange trend-line) before rebounding, which is the long-term Support. This is now exactly on the bottom of the Channel Up.
Thirdly, the December 22 Low also made the 1D RSI rebound on the oversold barrier (30.00). As you can see, every time the RSI touched this oversold level since April 13 2024, it was a strong buy signal to at least the 0.786 Fibonacci retracement level.
As a result, our short-term Target 1 is $242.00 (the 0.786 Fib). Beyond that, if the price breaks above Resistance 1 (265.00), we will buy the bullish break-out and target the top (Higher Highs trend-line) of the Channel Up at $380 (Target 2). As you can see, that would be a +119% rise from the December Low, similar to the % rise of the first Bullish Leg.
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Sol to make a decision soon
Small timeframe showing higher lows and higher highs being established.
However, for clarity of the next move we need confirmation of 204 range break and a 210 and 220 retest against resistance, if that fails we want the 204 range to act as support before another attempt up.
Possible for one more leg down as well before a 5th wave up.
Solana has support 176 - 185 region if that breaks then we seak support at 166 area. However, it is currently in the second channel of the descending channel.
Either way Solana should provide a change of direction soon.
All eyes on BTC and also alt season as well.
Decoding Solana 1000$ by 5/8 : Comprehensive Technical AnalysisRough Estimation of this Scenario (Not financial Advice):
Bullish Scenario (Price reaching around $936 by 5/8/2025) - 60% Probability:
Given the strong upward trends indicated by the parallel lines and Fibonacci retracement levels, there's a reasonable likelihood that the price could reach this level, especially if market conditions remain favorable.
Sideways Scenario (Price fluctuating between $175 and $250) - 25% Probability:
If the market encounters consolidation phases, the price might hover within this range, with the lower red parallel line providing support and the upper line acting as resistance.
Bearish Scenario (Price dropping back to around $175 or lower) - 15% Probability:
This scenario accounts for potential negative market developments or external factors causing a downturn. The strong support level around $175, as identified in the analysis, could play a crucial role in this case.
Fibonacci Retracement Levels:
0.236 (251.20)
0.382 (418.44)
0.5 (632.03)
0.618 (845.62):
Potential resistance level around $936, indicating a possible top on 8/5/2025.
Historical Context and Key Events:
FTX Crash Low (9/11/2022): The price hit a low of $8.00 during the FTX crash, serving as a significant reference point.
Bottom (12/20/2022): The price bottomed out at $10.11, (5/8/2024) around 108 and (20/12/2024) 175 marking a crucial support level.
Solana (SOL): Testing the Waters for the Next Move🔥 FinCaesar’s Commands:
🩸 Resistance: 212.92. A decisive breakout could ignite momentum toward 228.86 and the critical psychological zone of 240.
🩸 Support: 192.15. Breaching this level signals weakness, opening the door to 176.56 or even 160.
🔥 FinCaesar’s Strategy:
🩸 Buy: Above 212.92, with targets at 228.86, 240, and beyond. Confirmation from volume is key.
🩸 Sell: Below 192.15, focusing on 176.56 as the primary target, with 160 as the next step in a bearish scenario.
👑 "The crown belongs to those who anticipate the tides and act with certainty." — FinCaesar
SOL possible next sequence of movesI think what I have shown is a good scenario to prepare for.
Not necessarily shorting at the area shown but instead preparing for a long trade on the third tap of the lower trend line in convergence with a couple of other ascending trendlines as shown.
SOL possible next sequence of movesI think what I have shown is a good scenario to prepare for.
Not necessarily shorting at the area shown but instead preparing for a long trade on the third tap of the lower trend line in convergence with a couple of other ascending trendlines as shown.
Solana-SOLUSD Periodic Analysis -Issue 58The analyst believes that the price of { SOLUSD } will decrease in the next 24 Days. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Solana , cup & handle BOIt seems like SOL is making an effort to gain momentum, but there are still many buyers from November 2021 who are stuck.
It’s essential to let the price absorb all the supply near the resistance level, and then look for a solid breakout above 268 with good volume on the weekly timeframe.
The chart is indicating a cup and handle formation, so the stop loss should be set at the low of the handle, which is around a strong close below 106.
I do use logarithmic charts, so the long position might look like 1:1 RR, but it's actually 1:5 RR.
Remember to do your own research before investing.
Time to Enter SOL Short-Term, Up to 5% PotentialHappy New Year, crypto and trading Triends!
I hope you celebrated well! Now it’s time to get serious. I see a short-term opportunity in SOL, with up to 5% upside potential. Here’s why:
Trading below all major moving averages: 50, 100, and 200-day.
Positioned near the lower Bollinger Bands line, suggesting potential oversold conditions.
Close to the bottom trendline, which could act as a critical support level.
SOL remains a fundamentally strong asset, and we’ve observed significant interest from major players, including ETF developments, which could inject fresh money and liquidity into the market.
That said, caution is key. This is a short-term play with a 5% upside potential in the coming week. If SOL doesn’t show upward movement within a day or two, this narrative could quickly lose its relevance, and the situation would need to be reassessed.
Stay tuned,
Mister iM
SOLANA NEOWAVE ANALYSIS The chart shows a simple zigzag pattern
Solana is currently in wave C.
The minimum target for the coming year is $540, as wave C of the zigzag should at least reach the 0.618 fib level.
Typically, a normal wave C can range from anywhere between the 0.618 to 1.618
Given Solana’s overall bullish structure, I believe the current price represents a strong buying opportunity and a loading zone.
I'm Still Bullish On Solana - Targeting $375Though Solana broke down the $204 support, it has failed to break below our white ascending trendline. This support has held and in fact has carried us upward since Dec. 20th. If my Cup and Handle is to remain valid, our support must continue to hold. If not, all bets are off. Though, the handle is a bit deeper than I'd like to see, I'm going to continue to respect this as a pattern unless that support breaks. My target remains $375, nearly a full 2x from here!
✌️Stew
Potential more downside in the marketThese triangle patterns often follow the overall trend of price action, which currently seems like we are in a overall downward trend. If we continue to break down from the triangle, im looking at 140-160 as supports. Looking at btc heat map from the last 3 months, lots of liqudiity towards the downside compared to going back up to 110k. As we know, market makers tend to move markets where there is most liquidity.
I expect markets to continue being extremely volatile, but a move towards the upside wouldnt surprise me either. Many on here continue to form the bullish pattern, but in short term i do think we will continue more downside as the cme gap for bitcoin is still unfilled at 76k.
SOLANA the best📊 Technical Analysis of Solana (SOL/USD):
1️⃣ Resistance Zone (📈):
The main resistance level is at $229.93, marked in the red area. If the price reaches this level, there is a possibility of reversal and price correction.
2️⃣ Support Zone (📉):
The gray zone between $145 and $148 acts as a strong support level. This range is attractive for buying (Buy Zone).
3️⃣ Exponential Moving Average (EMA) (🔶):
The price is trading below the 50-day EMA, indicating a bearish trend.
5️⃣ Trading Suggestions:
📥 Buy: Near the support level of $145-$148, accompanied by a reversal signal.
📤 Sell: Near the resistance level of $229 to take profit.
6️⃣ Risk Warning (⚠️):
If the price closes below the $145 level, there is a higher likelihood of a continued downtrend.
Solana (SOL) Bullish Rebound Alert! Targeting $303 Solana (SOL) has bounced off a critical support level and is forming higher lows, indicating a potential bullish reversal. The price is consolidating near the lower end of the range, preparing for a breakout toward the key resistance level at $303.22, offering a significant upside opportunity. The strong uptrend from previous higher highs and the Ichimoku cloud acting as dynamic support strengthen the bullish case. This setup suggests a potential rally as buyers regain control, making this a key moment to watch. Stay tuned for a breakout! 📈🔥
