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SOLUSD.P trade ideas

Solusd buyAlright so the trend is already go up which signifys growth, it also retraced almost to the 6.18 gib level congruent with with support line 99.01 price. So if we look at all this together with the news saying its going up and all the other ideas matching that which is sentiment analysis we can be confident.. The order book is balanced which will signal bullish entry as well as the 2nd elliot wave in effect. We can conclude and be confident that we can expect growth in the next coming months. Thank you please like. Oh also tradingview let me know if I gotta change anything (:
COINBASE:SOLUSDLong
by seanstone1224
SOL/USDC - Daily ChartIt looks like Solana is finally ready to take a breather & hopefully pulls back! The reason I say “hopefully” is because a parabolic like run up in price action for so long without retesting previous resistances & officially flipping these levels as support is unhealthy. Sure it’s fun & all, but that fun will not last. The faster we go up without retests = the faster we’re going to fall & that much easier to plummet down with little to no support. The longer price stays at or hits a certain level, the harder it becomes to break that level! Last bullrun CRYPTOCAP:SOL shot up from $20 to over $200 in a short period of time, it wasn’t the most healthy run up due to a lack of retracements confirming solid support level… and what happened? Price action fell back down, cutting through what little support we had like a hot knife through butter! Solana isn’t necessarily in price discovery as we’ve seen these levels before, BUT we haven’t seen them for long! I.e., CRYPTOCAP:BTC at 21k & 30k & 48k = a lot of activity basically means a lot of trades were places & a lot of money was passed around near these zones. Now CRYPTOCAP:SOL on the other hand… does not have these confirmed price levels to act as a floor. This means it’s going to be pretty easy to fall right back down with little/less hope of bouncing off one of these “floors.”
COINBASE:SOLUSDShort
by PlanDeFi
1
#SOL_USDI spot key support around $10 if wave 2 brings some upside relief. But ultimately my fib projections point to another gut-wrenching plunge to tag the $5 area before this nasty bear shuts its jaws. If my cryptography proves correct, the next bull run could take Solana up 10x from those lows! Join me crypto cowboys and cowgirls! Smash those like and subscribe buttons for more money making insights and analysis. Just remember this bear won't last forever. We'll be riding the bull again soon enough! #Solana #Crypto #ElliottWave #TechnicalAnalysis #BearMarket
CRYPTO:SOLUSDShort
by Mr16K
13
Solana (SOLUSD) Potential Bullish ContinuationSOLUSD Potential Bullish Continuation Following Falling Wedge Formation A substantial falling wedge pattern has emerged on the chart, a pattern typically associated with bullish continuation. Price movements have converged within the wedge's upper and lower trendlines, suggesting a potential accumulation of buying pressure, possibly indicating the end of the correction. The recent bounce from the EMA200, in alignment with the 0.382 Fibonacci retracement level, adds further support to the potential bullish continuation scenario. Currently, the price is moving between the EMA50 and EMA200, indicating potential consolidation before a breakout. Key Levels: Support: EMA200 (Green line) - A breach below this level may invalidate the bullish pattern. 0.382 Fibonacci retracement level (approximately $102.37) - A break below could signal further downward potential within the Support levels area. Resistance: Upper trendline of the falling wedge (blue line) - A breakout above this line could validate the bullish reversal, signaling potential upward movement toward the wedge's apex within the resistance levels area. Trading Bias: Bullish with Caution: While technical indicators and the pattern suggest a potential upside, confirmation is crucial before initiating a trade. Trading Strategy: Consider waiting for a breakout above the upper trendline of the falling wedge to confirm the bullish continuation before entering a long position. Alternatively, a conservative approach involves waiting for the price to close and consolidate above the EMA50 to mitigate the risk of a false breakout. Happy New Year from Manolis
COINBASE:SOLUSD
by MANOLIS
3
An Opportunity for Buyers as DEX Volume Skyrockets Fuel Growth Are you ready to ride the wave of Solana's remarkable resurgence in the world of decentralized finance (DeFi)? Recent developments on the Solana network paint a compelling picture for potential investors, signaling a golden opportunity to capitalize on the platform's thriving ecosystem. 1. Explosive Growth in DEX Volume: Solana's largest decentralized exchanges have witnessed an astounding tenfold increase in liquidity since October 17. According to Dune Analytics and DeFiLlama data, December's decentralized exchange (DEX) volume on Solana has surpassed the previous monthly high, nearly tripling the figures from November. This surge comes hot on the heels of two substantial airdrops, with another one looming on the horizon. 2. Closing the Gap with Ethereum: Solana, once seen as a distant contender, is now narrowing the gap with DeFi's mainstay, Ethereum. December saw Solana's DEXs outpacing Ethereum's in certain week-long periods, a significant feat considering Ethereum's historical dominance. In the past seven days alone, Solana's DEX volume surged by 26% to approximately $5.8 billion, positioning itself as a formidable player alongside Ethereum. 3. Airdrops as Catalysts for Growth: The recent success of Solana's DeFi can be attributed in part to sizable token airdrops from prominent protocols like Pyth and Jito. These airdrops, amounting to millions of dollars, injected vitality into the ecosystem, resembling DeFi's equivalent of stimulus checks. Jito, in particular, faced challenges from sybil abusers, leading to the implementation of robust anti-sybil measures to ensure fair distribution. 4. Jupiter Aggregator's Role: A significant portion of Solana's recent DEX trading volume flowed through the Jupiter aggregator, emphasizing its crucial role in optimizing prices with minimal slippage. Notably, Jupiter has announced its plans to launch its token, with 40% earmarked for a community airdrop. This move aligns with a proven strategy, as seen in Ethereum's DEX volume growth following a Uniswap airdrop in September 2020. 5. Liquid Staking and Recent Developments: While DEX interest soared, liquid staking on Solana experienced a temporary slowdown. A Dune Analytics dashboard indicates a slight decrease in the total amount of Solana staked in the past week. Jito, the second-largest liquid staking protocol, witnessed five straight days of cumulative outflows, suggesting a shift in investor behavior. In conclusion, Solana's DeFi ecosystem is not only rebounding but thriving, presenting a compelling opportunity for potential buyers. The combination of surging DEX volume, successful airdrops, and strategic initiatives like the Jupiter aggregator and upcoming token launch makes Solana a dynamic force in the ever-evolving world of decentralized finance.
COINBASE:SOLUSDLong
by DEXWireNews