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SOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap Contract

SOL / US Dollar Perpetual Quanto Swap Contract

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SOLUSD.P trade ideas

Potential SOLANA Long SetupSolana has had an amazing run from its bear market lows at around $8 to the current 2023-2024 local top at $126.5. SOL has been consolidating in a Bullish Pennant for the past 62 days, holding and bouncing off the 0.382 FIB Retracement level on the measure move from $8 to $126.5, and with BTC posturing for a pump to $54.5K... SOL should follow suit and pump up to create a new local high. I am loading up a SOL swing trade long here between $100 and $105 SOLANA. The upside targets are the .0382, 05, and 0.618 Fibonacci Trend Based Extension levels on the measured move from $8 to $126.5 to $78. If BTC sustains a pump to $54.5... SOL should follow behind and meet these areas of interest for take profit levels. The immediate levels of entry at the 0.382 and 0.5 are where I will be taking heavy profits. ENTRY $100-$106 TAKE PROFIT LEVELS: 0.382 ($123) , 0.5 ($137), 0.618 ($150) Fibonacci Extension Levels Highlighted in White. STOP LOSS: $99.8 (roughly 6% below entry if you enter at $105-$106) I recommend moving stop loss to entry once take profit level 1 is hit at $123, to protect profits and working capital. I am swing trading this position on SPOT with no leverage and no stop loss, if the trade goes against me I will simply hold the SOL longterm and send it to my ledger. I am risking only 1% of my spot trading portfolio. This setup offers a great risk to reward proposition. Risk 6% to gain 20-50% roughly on the move up, which again, is contingent on BTC moving up to high time frame resistance at $54.5K. This is not financial Advice. This is an interpretation of my swing long trade setup. A trading journal entry. Mind your own risk.
COINBASE:SOLUSDLong
by junglefamous
5
SOLUSD 1D Corrective to Wave (4)As we embark on this visual journey let us harness the power of knowledge to illuminate our path forward... Together we can unlock the potential within these charts and empower each other to drive impactful decisions and conquer new horizons. Wait until wave C of (4) for entry. Short squeeze to $136 in consideration but not likely. Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by the Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.
COINBASE:SOLUSDShort
by TheCryptoChartWhisperer
solusdIt is possible that we are in the last rise of this currency in exchange for a major correction coming to it, according to the data shown on the chart. Therefore, do your own analysis and be careful.. Good luck. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
BINANCE:SOLUSDShort
by KhaldHegazy
SOL, possible bullish Spring setup, AB=CD on raising volumeSolana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis). Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move. Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout. We hope for a test of the previous high and a runner.
COINBASE:SOLUSDLong
by TheSpringHunter
Solana -trading plan with date and price predictionSolana is following a 240 day cycle( purple line ) spread in 3 X 80 day cycles ( red lines) the low of which is due in April . You can match with previous purple lines , you ll find a low there . We are currently on B ( 2nd wave ) of corrective wave . In this wave prices will rise to 120$ , that too in 3 subwaves 1st up from 80$ to 105$ - just finished 2nd down to 93$ levels - just started today 3rd up to 115-120 $ and then B wave will be over .. Trades can be places at ,90$ + levels to exit at 115$+ levels currently . Long term BUY can't start till the three waves are over .This will happen when the next wave gets over which is C wave expected in Mid April . So in a nut shell, Long term buy in mid April at 80$ Short term trade at 90$ + in the next 2-3 days and sell this position at 115$.
COINBASE:SOLUSDLong
by cryptoanteger
2
✴️ Solana | Lower High?Solana has been moving within a lower high for 52 days now, since 25-Dec 2023. On the chart we can see an interesting dynamic. When prices are set to grow, after a peak we normally get lower lows and lower highs as in a falling wedge or descending channel, shown as (1) on the chart. After the 25-Dec peak we did in fact had this dynamic until a bounce happened 23-Jan, this produced a lower high yesterday (2) and broke the bullish continuation pattern we are used to see. 👉 If SOLUSD fails to break yesterday's high in the coming days, down we go. This is not financial advice. Thank you for reading. I'll you see on the next chart. Namaste.
CRYPTO:SOLUSDShort
by AlanSantana
31
SOLANA : BEWARE OF THE UPPER BOUND- the market has been trading in a wide 40$ range, between $80 and $120, since the end of 2023. The medium-term trend is therefore neutral. - This range interrupted the underlying bullish trend started in the last quarter of 2023. Prices first failed to cross the $120 level, then corrected towards $80 where buyers were numerous and powerful enough to prevent the market from going lower. A rebound then took place, leading prices to trade above a short-term trend line, up to a level close to the upper limit of the trading range. Both the 21 and 34 period moving averages remain bullish, providing price support, but the DMI indicator continues to display a lack of directionality in the short term. - Although the growing appetite of individual and professional investors for cryptocurrencies is now certain, technical analysis tells us that it is perhaps still a little early to say that the consolidation has come to an end on SOLANA. Indeed, the lack of a new high combined with the lack of directionality of the movement could prevent the long-term investor from starting to increase their exposure to this asset. On the other hand, a clear daily crossing of the $120 barrier will however unlock the new upward potential that everyone is waiting for, with short-term targets located around $132.85, $145.65, $163.90 then $187.15 by extension. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
COINBASE:SOLUSD
by ActivTrades
SOL - LONG TERMSolana is a high-performance blockchain platform designed to provide fast and scalable decentralized applications (DApps) and cryptocurrencies. Known for its emphasis on speed and low transaction costs, Solana has gained popularity within the blockchain space. One of Solana's key features is its unique consensus mechanism called Proof of History (PoH), which helps order transactions before they are added to the blockchain. This innovative approach contributes to the platform's high throughput and low latency, making it well-suited for applications requiring quick and efficient transaction processing. Additionally, Solana employs a combination of Proof of Stake (PoS) and Proof of Replication (PoRep) for added security and decentralization. The platform aims to address some of the scalability challenges faced by other blockchain networks, providing developers with a robust and efficient environment to build decentralized applications. Solana has gained attention for hosting a variety of projects, including decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and various blockchain-based games. Its commitment to scalability, speed, and low fees positions Solana as a promising player in the evolving landscape of blockchain technology.
BINANCE:SOLUSD
by clasaicrypto
1
SOL Eyes $158 with this breakout run!Inverted Head and Shoulder Breakout: Solana's price trend in the daily chart hints at an imminent breakout from an inverted head and shoulder pattern, suggesting a bullish reversal. Neckline at $115: The SOL price is approaching a critical resistance, with a neckline at $115, indicating the potential start of a bull run beyond $150. Significant Trading Volume Increase: A 24-hour trading volume of $1.55 Billion for Solana, marking a 14% gain, reflects growing investor interest and market activity. Pre-Halving Rally Anticipation: As the crypto market edges towards a trillion-dollar market cap, altcoins like Solana are gearing up for potential bull runs, with Solana positioned as a prominent player for bullish turnarounds in 2023 and beyond. Reclaiming Key Psychological Mark: SOL's recovery above the $100 mark and its network growth underscore Solana's rising prominence in the crypto space. Fifth-Biggest Crypto by Market Cap: With a market cap of over $49 Billion, Solana stands as a critical asset in the current "Pre-Halving Rally" phase. 23% Rise Over the Last Four Weeks: SOL's price has witnessed a notable 23% increase in the last month, alongside a significant jump in trading volume. Strong Resistance at $115: The weekly price trend shows $115 as a formidable resistance level, pivotal for SOL's trend reversal and potential bull run. Potential Retest of $100: Despite recent gains, there's a warning of a possible retest of the $100 level before any bullish breakout. Network Growth and User Activity: The Solana network's rebound in the DeFi space and the increasing number of active users signify a robust ecosystem.
COINBASE:SOLUSDLong
by Coinpedia-Market-Insight