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SOLUSD.P trade ideas

SOLUSDT- History repeating itself-Moving towards All Time High SOLANA recently posted a high of 2015. Now after retracing about 61.8 fib. level, it is again trying to pass recently posted LH of around 163. It is repeating its historic move of posting All time high 260 on 9th September 2021. In 2021, after gaining bullish momentum, after making first HL, it reached notable HH level of 215 within 15 days, then it retraced up to 61.8 level in 12 days and made bullish flag pattern. then from 61.8 level retracement, it gained bullish momentum and posted All time high level od 260 in 46 days. Now, in 2024, it is exactly repeating this cycle. after posting recent HH level of 215, it retrace exactly to 61.8 fib level in 13 days (previously it was 12 days), and is making same bullish flag pattern. From here, if bulls get momentum and history repeats itself as per time cycle theory, the SOLANA can touch all time high level 250-260 within 46 days ( by the end of may)
COINBASE:SOLUSDLong
by ALIHAMID
2
Massive Historical Cup and HandleI've seen other people highlight this historic SOLANA "CUP AND HANDLE" Bullish pattern and am seeing it now much more clearly. It spells "BULLISH' in trader sign language! November has been quite the month for SOL and I think this NOV will find SOL above 2021. It is crazy to think that SOL was at 8.90 cents in NOV 2021! I can imagine angry the bears are that were waiting for zero to scoop up SOL or a return to single digits. Keep the faith and keep stacking I say. Study the activity on the chain.... SOL is gaining steam and will move high. NOT Financial Advice.
COINBASE:SOLUSDLong
by cryptoseedjohnny
3
Technical Analysis: Solana (SOL/USD)Solana (SOL/USD) exhibits a challenging technical landscape as the crypto asset navigates through volatile market conditions. Our technical examination, supported by various indicators and chart patterns, will provide speculative guidance on potential price trajectories. Current Price Action: As of the latest sessions, SOL is trading at $137.40, exhibiting indecision within the market. The recent candlestick patterns suggest a battle between bears and bulls, struggling for directional dominance. Volume and Market Sentiment: While the trading volume remains undisclosed, the lack of this information emphasizes the need for traders to lean on other technical aspects to discern market sentiment. Indicators and Analysis: Fibonacci Retracement Levels (Image 1): The price is wavering around the 0.5 Fibonacci level ($152.44), having recently descended from the 0.618 level ($172.03). A sustained break below the 0.5 level could see SOL test the 0.382 level at $138.89. Speculative upside targets lie at the 0.618 and 0.786 levels, with a breakout above $172.03 potentially igniting a move towards $189.95. Moving Averages (Image 2): The 50-day (EMA at $151.58) and 200-day (EMA at $111.35) Exponential Moving Averages are vital. The current price below the 50-day EMA signals bearish sentiment, with the 200-day EMA acting as a longer-term bullish confirmation. The 50-day EMA crossover below the 20-day (EMA at $139.57) could suggest further downward pressure. Ichimoku Cloud (Image 3): The price is below the Ichimoku cloud, indicating bearish momentum. A potential short-term rebound could be expected if the price breaches above the cloud. Conversely, staying below the cloud may reinforce the bearish outlook. Technical Indicators Summary (Image 4): The Relative Strength Index (14) at 38.85 points to a lack of strong momentum in either direction. The Moving Average Convergence Divergence (MACD) histogram is in the negative territory, suggesting a bearish momentum. However, the histogram appears to be losing downward momentum, possibly signaling a slowdown in the bearish trend. Stochastic RSI is neutral, giving mixed signals about immediate price direction. Pivot Points (Image 5): SOL is currently below the pivot point of $142.64, which acts as immediate resistance. Support levels to watch are S1 at $136.38 and S2 at $135.68. Breaching these could see a further decline to S3 at $116.32. Resistance levels are established at R1 ($142.64), R2 ($159.53), and R3 ($173.07). These are key levels for potential upward movements. Speculative Price Prediction: In the short term, if SOL maintains above the $137 region, we anticipate potential retests of $142.64 (R1 pivot). A breakthrough beyond this point could steer the price towards the $150 psychological level, aligning with the 0.5 Fibonacci level. However, a failure to sustain this may lead to a decline towards the $135 support area. Trading Strategy: Buy Entry: Traders might consider entry points above $138.89 (0.382 Fibonacci level) for short-term positions with a strict stop-loss below the support level of $135.68. Sell Entry: If SOL fails to maintain the $137 region, short-sell opportunities may arise, targeting the next support levels at S1 and S2, respectively. Final Thoughts: The market presents a complex pattern; hence, traders are advised to place trades with careful risk management. While indicators lean slightly bearish, it is imperative to watch for either a bullish reversal above the Ichimoku cloud or a bearish confirmation below the $135 support level. Disclaimer: The information above is speculative and for educational purposes. Cryptocurrency trading involves substantial risk and is not suitable for every investor.
CRYPTO:SOLUSD
by AxiomEx
3
SOL laddering back up!SOL mostly likes to move in big spurts that precede market up and down turns. The laddering up we are witnessing, moving up past the 200 week MA in lower time frames and daily and getting close on 4 and 6 HR, plus 5 days in a row closing green, is looking very very bullish to me! Still - SOL is powerful and it seems to be building some steam... The narrative is very good right now too. Keep in mind that not only did the Solana people solve their congestion issues - they did it very quickly and they were completely UP FRONT about the issues. That is mad bullish! Further more at the end of MAY they have a second update for fine tuning on the chain and then sometime either late this year or early next year we will get FIREDANCER and that should be a game changer - again - from SOL. So with so many Bullish catalysts in the pipeline it is only a matter of time before SOL leaps up off the ladder! The current levels are still very affordable. I am stacking and staking and waiting. I noticed liquidation levels for SOL today are around 5 million... you know what cannot be liquidated? A good solid HODL! This is just my take and not at all financial advice. Good luck and happy trading! BTW I just put out a new track celebrating $GUMMY!( I am a music maker first and foremost) Check it out on Spotify or any platform in the known universe starting tomorrow. (THE GUMMY THEME by CRYPTOSEED JOHNNY)
COINBASE:SOLUSDLong
by cryptoseedjohnny
3
Solana (SOL) Breaks $150 Resistance Level: Time for the SurgeThe Solana cryptocurrency has recently experienced a significant breakthrough by surpassing the $150 resistance level, paving the way for a possible continuation of its upward trend. This is a critical milestone, as the $150 resistance level is considered a significant barrier between the bullish and bearish markets. However, despite this breakthrough, there has been a noticeable decline in trading volume, which may suggest a lack of conviction behind the move and raise questions about the sustainability of the price above this level. If the volume does not pick up, it might suggest that the break above $150 may not hold, leading to a potential price correction. The Solana ( CRYPTOCAP:SOL ) cryptocurrency faced significant resistance levels, such as the 50-day MA, which must be conquered to maintain its upward momentum. If these levels are not surpassed with confidence and accompanying volume, they could act as catalysts for a bearish reversal. Solana ( CRYPTOCAP:SOL ) must establish a new support level above the recently breached $150 mark for a growth scenario to unfold. If CRYPTOCAP:SOL manages to maintain its position above this line, the next challenge will be imminent. A convincing break above the 50-day MA could clear the path toward higher price points, with $170 serving as the next psychological resistance. The future of Solana's rise depends on the market sentiment post-halving, project developments, and the ability of buyers to drive and sustain higher prices. However, the possibility of a reversal remains uncertain. In addition, Solana meme coins have been the subject of numerous scams, leading to significant losses for investors. According to crypto detective ZachXBT, over $26 million worth of Solana ( CRYPTOCAP:SOL ) has been lost in rugged presales of Solana meme coins. Many of these projects have failed to deliver on their promises after raising significant amounts of SOL. This has raised concerns within the crypto community about the lack of accountability and transparency in meme coin presales on the Solana blockchain. Solana co-founders Raj Gokal and Anatoly Yakovenko have issued repeated warnings to investors against considering such random Solana meme coin presales on X. It is advisable for investors to exercise caution and due diligence before participating in such meme coin projects, as the risk of rug pulls remains high.
COINBASE:SOLUSDLong
by DEXWireNews
2
Solana could be interesting for the bulls if...EASYMARKETS:SOLUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:SOLUSD
by easyMarkets
1
Solana Weekly Analysis Here's the corrected version: Solana has demonstrated its strength in this bullish market, showcasing a long accumulation phase from Mon 30 May '22 to Mon 30 Oct '23. Subsequently, the price began breaking highs directly to $200, marking a 2500% increase from Mon 26 Dec '22. It's been quite a volatile market, and I believe Solana has the potential to become one of the leading blockchains in the next few years. In the technical analysis, we observe the price starting to drop as buyers from the accumulation phase begin taking their profits. Additionally, there's market anxiety due to geopolitical tensions and rising inflation. However, this decline is healthy, as it provides an opportunity for new buyers to accumulate Solana and potentially drive it to new all-time highs. The optimal price point to buy Solana is in the sweet spot below the 50% Fibonacci level, indicating a discount area for accumulation.
COINBASE:SOLUSDLong
by Deotrade1
1