My New Strategy says Solana going up to resistance level My New Strategy I did back test my strategy have %80 accuracy > Solana may touch resistance level or break resistance level if we get high volume.
SOLUSD.P trade ideas
Solana Is the Fourth Largest Cryptocurrency by Capitalisation.Solana Is the Fourth Largest Cryptocurrency by Capitalisation. But for How Long?
2023 turned out to be a good year for cryptocurrencies, especially given the depressing mood that reigned at the end of 2022.
From the beginning of 2023:
→ Bitcoin increased in price by more than 150% – including due to rumours related to the approval of applications for a Bitcoin ETF;
→ Ethereum rose by approximately 85%.
But what has been particularly impressive is the progress made by the Solana project. This is a decentralised blockchain platform, which is characterised by high speed and scalability — they are achieved through the use of a unique architecture based on the Proof-of-History (PoH) protocol. In 2023, Solana became the first blockchain platform to reach 50,000 transactions per second. And a number of large investment funds, such as Grayscale and CoinShares, have added SOL to their portfolios.
SOL is a token that is used to pay for transactions and services on the Solana platform. It can also be used for staking to help support the network. The SOL/USD rate in 2023 has increased by more than 1000%!
At the same time, SOL now ranks 4th in terms of capitalisation of cryptocurrencies — after BTC, ETH, and the USDT stablecoin. December was the month when the price of the SOL token exceeded the psychological level of USD 100 for the first time since April 2022 (the historical high reached in the fall of 2021 exceeds the USD 250 level for SOL).
But will the price be able to stay above USD 100?
The 4-hour chart on the FXOpen TickTrader platform shows that:
→ the price broke through the USD 100 level, but did not test it;
→ the price broke through the level of USD 110, which confirmed its role as support;
→ the price reached the upper limit of the ascending channel, which began in early November.
At the same time, the chart shows bearish signs:
→ the price sharply reversed from the upper border of the channel on the last closed candle;
→ divergences formed on the RSI indicator.
In such a situation, you should be prepared for a scenario in which the SOL/USD price may fall — for example, to test the USD 100 level. In this case, the market can be supported by the median line of the channel.
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SOLUSD: Possible Trend ReversalSOLUSD is in continuous bullish trend, however, a divergence on RSI has appeared on hourly charts. Harmonic pattern AB=CD also completed and divergence appeared on Point D of Harmonic pattern which predicts possible bearish reversal.
Solana to $5On the above 2-day chart price action has rallied 23000% in the last 18 months since the buy signal. Yes 1 Bitcoin becomes 90 Bitcoin. Amazing. A number of reasons now exist to be short, including:
1) The ‘incredible sell’ signal around $200. I recall seeing it but never published before now.
2) Broken market structure.
3) Everything said above is also true for the BTC pair (below). Therefore, no, Bitcoin does not need to crash to $3k for Solana to drop to $5k.
4) The number of trading view ideas that are long is well over 90%. Sigh.
5) Why $5? That’s for me to know. Let’s just say it was the same approach that allowed me to call ADA to 80 cents from $3 and ADA to 50 cents from $1.30.
Is it possible price action starts a new uptrend? For sure.
Is it probable? What after a 23000% rally? A big fat no. Yes it might 2x from current levels but it's printing lower highs, it is in downtrend.
Start your short positions from market structure @ $80 to $90 area. Trade if void if price action breaks the last high @ $130 and prints support.
Good luck!
WW
2-day BTC pair
$Solana-Just some dollars away..CRYPTOCAP:SOL cleaning off the FTX piss in 3 months
They also gave me one of my first biggest airdrop bag..
And they continue to build..
SOLANA RESISTANCE AND SUPPORTSimple levels to watch , Solana resistance at 50% gann levels Around $120-170 , support fall back at $60 for the incoming year
Time in a bottleCrypto markets will break the surface of levels you are not currently considering. When the SEC approves Bitcoin & Ethereum chain ETF's, NFT's will become the most used word on the planet in every marketing campaign across every industry pillar. History will change.
Solana Liquidity Event - The Beginning of the End 📉Everyone's excited about the "pump" of CRYPTOCAP:SOL right now but objectively speaking, this isn't a growth spurt where outside money is coming in - did people already forget that its high was $250 back 22'?
So we do know that the same folks who got caught lying on their term sheets and fabricating data are still there on the core team. Not to mention the outages earlier in the year...which should not happen to any blockchain, no matter what. This is not something that happens to legitimate chains - it did not happen on CRYPTOCAP:BTC , CRYPTOCAP:ETH , CRYPTOCAP:DOGE , $XTZ - not even once. A blockchain that "fails" is not a blockchain at all, you could argue.
Well, I have a new theory of what's actually going on right now - their phone didn't sell this whole year and they were in dire straights, so they used $BONK to sell off their inventory and the core team is trying to cut their losses and is getting read to exit the space completely.
It's what you call a "liquidation event" right before a company goes under - normally this is harder to detect because crypto doesn't usually have a physical product but they way that they got rid of all their phones in a big hurry actually made the pattern easier to see.
So this "pump" is less about organic growth but the industry cannibalizing each other in desperation - even the Shiba mascots aren't cute enough to distract us from how gross it is, really. 🧟🧟♀️🧟♂️
The target dates to pay attention to are Christmas -> New Years - the phones themselves has "sold out" so it has officially hit its peak a few days ago. If people got the phones as gifts or presents then they should be some movement in $BONK soon and we'll start to see the whole thing unravel.
Happy Holidays and New Years everyone!🎅🎄
Sold all my SolSolana was never a fundamental long hold for me. I earned most of my Sol for free through airdrops including Jup and Acs which I immediately swapped to Sol and staked. I am selling all of my Sol as we approach this .886 fib. The token is WAY over heated and very due for a correction back to below 90$. I plan on taking the proceeds into RNDR and DIO (mostly RNDR though).
Part of my feels like this Sol pump is so FTX can dump on everyones heads.
SOLANA SOL USDT Another Major Outage Means Hard To Trust SOL SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point after doing more fundamental analysis on Solana, I believe Solana is extremely overvalued and being propped up artificially. I think that because of the outages and the problems it has that a revaluation is coming soon for Solana. I hat to say it also but Solana has also formed a major head and shoulders, and a measured move of the head and shoulders would be around $4 yikes. I think that $4 is all Solana is actually worth at the moment. Also another big deal is that SOL has been trading in this ascending broadening wedge pattern and has technically broken below the bottom support line. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. If SOL fails to break back above and back into the broadening wedge then I think a swift move down is to follow. Be very cautious with this one, Ive seen many like Solana over the years and I feel like the hype is dying for this project and a major dump is coming from big bag holders. Once the selling starts itll be almost as fast as Luna. Once people realize how important it is for a project to have 100% uptime then Solana will be revalued to its true worth. Solana does not belong in the top 100 in my opinion let alone the top 10.
SOLANA - 400% Gain!Solana has been pushing higher and higher since our Long setup September. We initially thought we'd push up 200% but when a move is this strong, why cut your profits early. Let it run!
We are now up by over 400% and still climbing. Once we see price slowing down, we'll be looking to sell Solana. However for now, let's enjoy the ride!
We'll be back with a Solana update once price shows signs of reversal.
Hope you guys made some money out of this!
Happy Holidays!
Solana to $130Hi Folks Solana has been on a tear recently and continues to pump. If we look to where it could possibly go before retracing or meeting resistance then a possible target is $130 dollars based on the last Chandelier exit and fractal. I am using Renko charts as it helps filter out noise and provide cleaner signals for me personally anyway. As we can see the price action is way above the Keltner channel which indicates an extreme point. We can also see the stochastic RSI is very overbought and the BB% is well above 1. We can stay at these extreme levels for many weeks on end but I am expecting a pullback at some point. If your still in the trade possible area to look for taking profit would be that previous resistance of around $130 which I have highlighted with a green line. Hope everyone is profitable, happy trading and merry Christmas to all.
SOL / USDT Price Analysis (4h)Hey there, fellow traders! Exciting news on the Solana – it just made a breakout from the $80 resistance level!
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Picture this: an ascending triangle is in play, suggesting some potential upward action. What does this mean? Well, it could set the stage for Solana to reach the $88 and $100 levels in the coming period. How awesome is that?
Now, let's not get too carried away – always keep a careful eye on your trades. A savvy move would be to maintain a watchful stance and consider having a stop loss below the trending line. Why? Because that's just smart risk management in action.
So, to sum it up: Solana's breaking barriers, an ascending triangle is pointing towards possible gains at $88 and $100, but stay cautious and don't forget that trusty stop loss below the trending line.
Happy trading
Solana - Continuation after Consolidation, Shorts get REKTTwitter Influenzas, NFT muppets and Macro labradors cheering how they sold the local TOP.
unfollow anyone telling you it is over, we only getting started. people shorting in those conditions deserve to loose evrything.
don't get shaken out from your beliefs and positions with conviction. avoid leverage.
enjoy the ride.
we had several days of consolidation after a massive run up from 17/18 USD.
of course the coin has to take a breather. it does not mean it will dump.
this consolidation and new support of around 50$ is very bullish.
we now see the RSI and EMA cross over on the 16H and above 50.
check-marks show you were we have been last time this happened.
i believe many whales, influenzas and vc's are still not allocated enough to SOL and the wash out after FTX was actually a blessing for the ecosystem. many legit teams have built good apps and now start to launch tokens and bless their loyal followers with airdrops.
a lot of apps and project are still not properly priced and many sideliners will just bid whatever they find. do your research but remain careful. profits should always be rolle dover to SOL and later i the cycle we buy BTC.
#solana will continue ? #sol has formed a bull flag in STF. This means , CRYPTOCAP:SOL may continue the rally while the hype is at maximum.
NOT FINANCIAL ADVICE.
