Short trade
Wed 31st July 24
1min TF Entry
Sellside
LND Session AM
6.15 am NY Time
Entry 182.98
Profit level 178.81 (2.28%)
Stop level 183.16 (0.10%)
RR 23.17
SOLUSD.P trade ideas
$SOLUSD's bull run = done until 2025, back to $50 or belowAs you can see from the chart, price has hit the top of the structure and has begun to reject off of it on the 2D timeframe. I think this is the start of a much larger move down for Solana.
I think it's likely that from here, Solana goes to test the $51 region at a minimum. If it can bounce there, then it's likely that it'll come back up to the top of the structure and break it.
However if it can't, then I think it's likely to continue down to the lower supports before bouncing and we'll see a longer accumulation before we see a breakout.
I lean towards altcoins going down/being in an accumulation phase until Jan - March 2025 then seeing a large move after that.
Once the structure breaks to the upside, initial target is $750.
Would be an amazing trade to accumulate at the lows should this play out.
Let's see what happens over the next 6-12 months and beyond.
Solana (SOL) Trade Scenarios for todaySolana (SOL) Trade Scenarios for Today
Current Price: (Insert current price here)
#Scenario 1: SELL at $180
1. Trend Analysis:
- Trendline: Check if there is a bearish trendline confirming the downtrend.
- Confirmation: Ensure price action is indicating a potential decline at $180.
2. Price Action:
- Bearish Signals: Look for bearish candlestick patterns (e.g., bearish engulfing, shooting star) near $180.
3. Support and Resistance Levels:
- Resistance Level: $180 (where you plan to SELL).
- Support Level: Identify a recent support level to place your stop-loss.
SELL Trade Plan:
- Entry Point: $180
- Stop-Loss (SL): Above recent resistance level.
- Target Profit (TP): Set a level below $180 where the price has previously bounced.
#Scenario 2: LONG if Close Above $188.3
1. Trend Analysis:
- Trendline: Ensure the price is breaking out above a key trendline resistance at $188.3.
2. Price Action:
- Bullish Signals: Look for bullish candlestick patterns (e.g., bullish engulfing, hammer) indicating upward momentum.
3. Support and Resistance Levels:
- Resistance Level: $188.3 (confirm breakout).
- Support Level: Identify a recent support level to place your stop-loss.
LONG Trade Plan:
- Entry Point: Close above $188.3
- Stop-Loss (SL): Below $188.3 or recent support level.
- Target Profit (TP): Set a level above $188.3 where the price has previously encountered resistance.
Summary:
- SELL at $180:
- Trend: Bearish (confirm with trendline).
- Entry: Bearish signals at $180.
- Stop-Loss (SL): Above resistance.
- Target Profit (TP): Below $180.
- LONG if Close Above $188.3:
- Trend: Bullish breakout.
- Entry: Bullish signals with close above $188.3.
- Stop-Loss (SL): Below $188.3.
- Target Profit (TP): Above $188.3.
This plan provides a clear approach for trading Solana based on the specified price levels, using trend analysis, price action, and key support/resistance levels for making informed trading decisions.
Solana weekly bull pennant. This is what I see. I am long Solana and will hold until etf is approved. Happy trading.
People Lie Charts Don't...Giving me flashbacks to the NEO chart back in the day where everyone thought it was the ETH killer lol...they even called it the Chinese ETH!, but it died and kept on dying...this will be no different and all these other L1 chains with their fancy high tps/scalability bla bla bla the end result will be the same...mega down and people left holding the bag wondering how they got scammed so hard.
Short trade
Tue 30th July 24
15min TF Entry
Sellside
LND Session AM
3.45 am NY Time
Entry: 182.32
Profit level: 177.16 (2.83%)
Stop level: 183.24 (0.50%)
RR: 5.61
solanaHey guys
It seems that we can expect a reaction from the two specified price ranges.
On the thirty-minute time frame, a compression movement has been created and it seems that according to the signals issued by Ichi Moko; We can expect an upward trend up to the specified price area.
Keep in mind that if the marked red support area is completely consumed, the possibility of a downward trend to the $60 price area can be considered!!!
Is the news that QSOL is listed on the Toronto Stock Exchange true?
What do you think?
It's not looking good for Solana....My prediction is that Solana CRYPTO:SOLUSD COINBASE:SOLUSD BINANCE:SOLUSD BINANCE:SOLUSDT is overvalued in the short term at $190 for several reasons:
Price Surge: The rapid increase in Solana's price has outpaced its actual adoption and technological developments. Such sharp price movements often lead to overvaluation.
Technical Analysis: The formation of a double top pattern, a bearish technical indicator, suggests that the price has reached a strong resistance level at $190 twice and failed to break through. This pattern often precedes a price decline as it indicates potential weakening of buying interest and an increase in selling pressure.
Economic Forecast: I predict an economic collapse starting in 2025, indicating that this may be the last bull run before a significant downturn. This scenario is seen as the last major correction to shake out overleveraged bulls, setting the stage for a new all-time high by early 2025.
These factors suggest that Solana's price at $190 is unsustainable in the short term and could be due for a correction, which is why I am shorting Solana right now.
CYANE
Solana Soars: Breakout and Futures Fuel RallySolana (SOL) has ignited a bullish flame, surging past a critical resistance level as investor appetite for risk intensifies. On Monday, the cryptocurrency's impressive performance comes amidst a broader market uptick, driven by anticipation for the Federal Reserve's interest rate decision and the release of key earnings reports.
The digital asset's ascent was marked by a decisive break above a key resistance point, a technical indicator often seen as bullish. This breakthrough suggests a potential shift in market sentiment, with investors becoming increasingly optimistic about Solana's prospects.
Adding fuel to the fire, Solana's futures open interest has been steadily climbing, nearing an all-time high. This metric, which represents the total number of outstanding futures contracts, is often interpreted as a measure of market interest and activity. The surge in open interest indicates growing investor engagement and potentially points to further price appreciation.
The broader cryptocurrency market has also experienced a resurgence, with a prevailing risk-on sentiment taking hold. As investors weigh the implications of potential monetary policy adjustments and corporate earnings, many opt to allocate capital to higher-risk assets like Solana.
While the recent rally is undoubtedly encouraging for Solana holders, it's essential to approach the market with caution. Cryptocurrencies are inherently volatile, and price fluctuations can be rapid and unpredictable. Factors such as regulatory developments, macroeconomic conditions, and project-specific news can all impact asset prices.
Technical analysts will be closely monitoring Solana's price action to identify potential support and resistance levels. If the cryptocurrency manages to consolidate its gains above the recently breached resistance, it could open the door for further upward momentum. However, a failure to hold onto these gains could lead to a retest of previous support levels.
As the cryptocurrency market continues to evolve, Solana's performance will be closely watched by investors and traders alike. The recent breakout and surge in future open interest has undoubtedly generated excitement, but it remains to be seen whether this momentum can be sustained.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research or consulting with a financial advisor is strongly recommended before making investment decisions.
Long trade
Sunday, 28th July 2024
14:30 PM NY to Tokyo Session
Entry: 185.47
Profit Level: 197.97 (6.74%)
Stop Level: 182.10 (1.82%)
Risk/Reward Ratio: 3.71
Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected.
However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support.
The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high.
In my opinion, 300 is a reasonable target for Solana.
Long trade
Trade Details for Buyside Trade
Date: Saturday, 27th July 2024
Session: 3:00 PM London (LND) Session
Time Frame: 30 Minutes (30min TF)
Entry Point: 184.86
Profit Level: 202.43
Stop Level: 183.78
Risk-Reward Ratio (RR): 16.27
SOLUSDT : BULLISH W-Bottom PatternThe daily timeframe for Solana has revealed a key pattern - the W Bottom pattern.
If this pattern plays out, a healthy correction of around 16% is likely before another impulse wave(s) up.
It's important to note that according to this pattern, for the immediate/short term we will likely go lower to retest the key support zone, which is the W Neckline. But for the near/long term, this is a bullish pattern.
The one condition for this pattern, is that the daily candle cannot CLOSE underneath the support zone / neckline of the W .
Don't miss yesterday's update on why ALTSEASON 2.0 is upon us:
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COINBASE:SOLUSD
Short trade
Trade Details for Sellside Trade
Date: 25th July 2024
Time Frame: 1 Hour (1Hr TF)
Entry Point: 182.51
Profit Level: 161.87 (11.31% decrease)
Stop Level: 183.79 (0.70% increase)
Risk-Reward Ratio (RR): 16.12
Short trade
Sell-Side Trade Details:
Date: 25th July 2024
Time Frame: 1 hour (1Hr TF)
Entry: 177.25
Profit Level: 161.96 (8.71%)
Stop Level: 179.00 (0.90%)
Risk-Reward Ratio (RR): 9.72
SOL to 300+ Kingmaker coinafter a long "wait", with BTC halving and some consolidation, i think its not long until crypto as a whole continues, and actually picks up the pace upwards
Looking at sol here, its not a lot of resistance before blue skies
I havent drawn the ath, but that is around 270.
Im looking for this to "melt" upwards. Not sure exactly when, but it will be a blast when or if it happens. Of course nobody knows. But tracking crypto now for 8 years, im getting more confident.
I dont think 300 the top, especially thinking of the previous 270.. just +10% on that is not enough, but in the relative "short term" i think we shall see 300-350
As for how high i believe it will top... oh that is high
--
BTC is now around 67500, and this area is huge.. BTC could be done with a smaller 12345 and ab, so we might see a little pullback to c lower, that will again pull SOL lower as well.
In the bigger picture, this does not change anything or matter.
But it could add like a month sideways, which will be ok
SOL/USD Short-term Bullish ReversalAlright, let's break down this SOL trading idea.
So, we're looking at SOL, and it seems like it's lagging behind BTC by a few hours. BTC already had its pump off the double bottom, but SOL is just starting to form its double bottom pattern. This is a pretty bullish sign, especially in the short term.
Take a look at the chart. We've got a clear double bottom forming around the $165 mark, which is a solid support level. The price is bouncing off this support, setting us up for a nice retest of the R1 resistance level around $182.50.
Notice how the price action has been respecting the moving averages (those colored lines). The price dipped below but quickly snapped back above, showing strong buying interest. This kind of price action often leads to a breakout, especially when combined with a bullish pattern like the double bottom.
The lower wicks on the recent candles show that there's been buying pressure at lower levels, pushing the price back up. This is a good sign that the bulls are stepping in.
So, in short, SOL is looking to play catch-up with BTC. We're forming a double bottom, the price is respecting key support levels, and we have a clear target at R1. If we get a break and close above the R1 level, we could see a continuation towards higher resistance levels.
Keep an eye on the volume as well. Increasing volume on the upward move will confirm the breakout and give us more confidence in the bullish scenario.
That's the play: watch for the double bottom completion and a move towards R1. If BTC continues to hold strong, SOL should follow suit and give us a nice short-term bullish move.
This is just my take based on the current charts and market conditions. Always do your own research and consider multiple factors before making any trading decisions.
Always stay neutral, let the trend be your friend, and trade on.
Sol to Forming w.4 end of AugustLooking for Long Entry of Solana around 105+ $ level
Expecting Harmonic Bullish Gartley Pattern
Complex Correction of WXYXZ to form around 24 Aug-31 Aug 2024
SOLANA to new all time highs [$260]buying mid-range retest / bullish shift in daily market structure targeting new highs
been consolidating in this range for 4 months expect breakout in one direction soon
SOL VS ETHIm watching this fractal moves,
even the supply is different but
the reward was is good,
i think solana can survive,
the caause of this drop is because of
huge speculation and because of FTX
and ALAMEDA,
but the project is so good, so if price
reach $1+ im a buyer,
i think everyone should watch
solana.
SOL breakout towards $250+SOL has broken out of the pattern and also back tested the break and looks to clearly breakout and go higher. BTC is also primed to move. This is not financial advice, just tracking for my own personal portfolio, thanks.
