SOLETH trade ideas
SOL/ETH4.4r/r
chart says most of it
broken out and retested longterm downtrend/ monster bullflag thingy
retest above trendline with 200ema and see how the reaction is
22% ish gain on already bullish ethereum
SOLETH breaking trend line upward!Possible targets for SolEth after breaking trend line.
Lets see how its gonna turn out
Always student
Clear buy signal on Solana against ETHSolana has flashed the first clear buy signal against Ethereum since the last sell signal in December 2021, with three previous DCA signals during the downturn it now looks promising for a clear run to out perform Ethereum. Price is currently 20% above the base so there is lots of room for the price to pull back a little, manage risk and position sizing and you should have no problem taking an entry here and possibly improving upon it if the opportunity comes.
Week 2 Assignment 1 chart 1Critical Analysis would be much appreciated. Please do not it as a Financial Advice.
Could this be a new upward channel?Solana broke out with strength against Ethereum this week and the chart is bullish. I will sell for a loss if it breaks below the trend line; tight stop because it's not clear if crypto is ready for the real bull run yet.
I think Solana can double to Ethereum's 50% rise during that same time. I hold a core position in each and will trade this pair just to see if my charting and trade skills have progressed.
$SOL/ETH-SOLETH popped out of MACRO falling wedge.
-Market is currently being capped at the first supply zone marked with RED Dots.
Looking for some consolidation and perhaps a touch of the previous supply/demand zone market with yellow dots.
the reason i think this is a possibility is the high volume day and inverted hammer bar into a supply zone.
Monitoring this for another move higher to accumulate more ETH.
SOL will run up on ETHThis is about to be Solana summer. I feel this year that Solana will take some significant market share from ethereum. This is concluded because of the major inflection point identified on the Zero Lag MACD and supported in my opinion by the optimally higher functionality, utility and deliverables of the Solana Blockchain primarily demonstrated by the Solana Pay feature launched earlier this year.
#BanterFam Bets on $ETH ; #CryptoGuru bets on $SOL BanterFam Bets on $ETH ; CryptoGuru bets on $SOL
As we can see in the charts, $SOL has been consolidating and volatility has been declining within this symmetrical triangle. If the higher time frame trend continues, I suspect $SOL will break out from this triangle formation.
#BanterFam <3
SOLANA IS GOING TO OUTPERFORM ETHEREUM!Solana is in the bottom of an ascending channel. If it reach the tops, it can bring the price of SOL much higher.
RSI broke the downtrend in TF 4 hrs.
My entry price: $225 USD
SOL/USD Tp1: $260 USD
SOL/USD Tp2: $290 USD.
Use your own Risk/Reward Ratio.
What Is Solana (SOL)?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Trade Safe, WAGMI.
