SOLUSD.P trade ideas
Solana Trend ReversalIn my view the $140 - $142 level is critical for SOL in the short term. We close above the trendline and it's time to start re-entering long positions with size.
SOLUSD-BUY1YR: 1 Year Previous High Has been Broken and rested, hence price could not God below the Level
10Month: This was another critical zone in pink , that has been broken as a Major Level..In small time frame price is on Range and expecting to buy broke above the small timeframe Resistance.
Solana’s 2024 Cycle vs. 2020: Hidden Divergence Fractal
In this chart, we’re comparing Solana’s 2024 cycle to its 2020 cycle, with a focus on hidden bullish divergences in the RSI and similar bar structures. Both cycles are displaying key similarities in terms of duration, volume, and momentum shifts, which suggest that SOL might be gearing up for another strong rally.
2024 Cycle (Left):
Hidden Bullish Divergence: The current cycle shows a clear hidden bullish divergence in the RSI, which is often a sign of continuation in the prevailing trend, in this case, a long-term uptrend. This divergence is forming over a 273-bar period (~273 days), very similar to what we saw in 2020.
Volume Analysis: The volume during this consolidation phase is 81.725M, suggesting accumulation is happening despite the price consolidating in a range. Compare this to the 2020 cycle’s lower volume during the same period, and it becomes clear that there’s substantial interest in Solana during this phase.
46-bar Correction: The recent 46-bar correction (~46 days) aligns almost perfectly with the 2020 fractal, indicating a possible repeat of the pattern.
2020 Cycle (Right):
Fractal Comparison: The 2020 cycle, also showing a hidden bullish divergence over a 273-day period, led to a significant rally. After a similar 46-bar correction, SOL saw a major move upward, ultimately breaking through resistance levels. The hidden divergence on the RSI was the key signal of the bullish continuation that followed.
Volume: The volume during this phase in 2020 was notably lower than the 2024 cycle, reinforcing the idea that more liquidity and interest is now present, which could amplify the move when the breakout occurs.
Key Takeaways:
Hidden Bullish Divergence: Both cycles have strong hidden bullish divergences, which historically signal continuation. In this case, that would point to a resumption of the uptrend.
Fractal Consistency: The near-identical bar counts and price structures suggest that the 2024 cycle could follow a similar path to 2020. A breakout from this consolidation could take SOL to new highs if the fractal pattern continues to play out.
Volume: The higher volume in 2024 compared to 2020 supports a stronger potential breakout.
Traders should keep an eye on the RSI, volume, and any price action around key support and resistance zones, as Solana may be setting up for a move similar to its explosive 2020 rally.
The next level UP for SOLSolana chain is a baby at 4 years old that has been through a lot in it's youth from outages for moving recklessly fast (like any teen), to rising to an early ATH of 260 and then crashing to 8 bux FTX low caused by bad boy friend SBF. Add to that the regulatory challenges which now with ETF proposals and so many other trad fi engagements seem to be behind the chain.
Here we are in 2024 and SOL has shown RESILIENCE and MASSIVE strength! It did not just recover - it DOMINATED! In just 4 months, SOL shot up 800% from around $20 at Breakpoint last year to $220 in March of 2024. Since the yearly high, in this very strange and tepid year, SOL price has been in a descending triangular wedge and has built strong resistance floor around the 129 level. The chain has grown massively and is now without a doubt the uncontested leading Layer one. While SOL gets accused of being a MEME coin factory, there are things happening on SOLANA that go far beyond Crypto in real potential impact.
Consider the early SOL years the foundation. Now the #3 Crypto chain, SOL is undervalued and due for a major breakout. FIREDANCER will be revolutionary. SAGA 2 is coming. Integration in a Global Machine is on it's way. I see SOL jumping to 300-500 range next. This is conservative. Consider the ETH market cap. SOLANA is outperforming ETH in many chain activities, but ETH still has a much higher MC. That will change. It is not a question of if - it is a question of WHEN. The thing Im doing right now is accumulating.
5th wave for Solana.The correction for a 4th wave in Solana seems to be over. We are about to start the 5th wave to finish the impulse.
As the chart is a weekly timeframe. It can take up to 3-4 months to finish the last movement.
In order to get a less risky entry wait until resistance between 140-149 has been overcome.
Nevertheless, the stop will increase significantly, as it currently is at a 20%.
A well capital manage for this entry should be considered.
SOL is a 2 digit shitcoin- No token economics because there is no fee system.
- Not decentralized
- Chain goes down and roll back every other quarter
- Did 20X from the bottom
How low can SOL go?SOL is back around $132, failing to stay above $135. Reclaiming 4HR 50MA could signal a recovery, while a continuation of bearish momentum could bring SOL to $120.
Solana Bear Flag Idea - Long and Short SetupWaiting to see how this plays out in the next 12-24 Hours
On my previous post I have a long target @ $142/$143 still waiting to hit to this matches up with it
I previously called $140 and people thought I was crazy lmao now look
SOLUSD View!!Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion.
Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204.
SOL/USD Chart AnalysisHello to all respected traders. This is my first ever chart analysis on trading view. I'm not sure if Solana will go according to analysis. Kindly write your valuable comments to my analysis.
Thank You
Bullish flag on weekly?SOL is currently experiencing a strong uptrend, with prices surging in '23 from the recent low.
Overall, the chart's formation of a bullish flag suggests a strong bullish outlook.
SOLUSD SELL ANALYSIS RESISTANCE AND SUPPORT Looking at chat for Solusd price has made some support and resistance and now has reach a level of around 139.20 with some rejection which means there is high chance of falling and going for SHORT are expected with a target profit of 136.77 and 133.28 . Use money management
Solana Must See ASAP H&S BOTTOM ACTIVEThe head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Typically you short after dump and it retraces back to the neckline so pay attention to what happens in the $140 range
Clear head and shoulders on Solana with target in the 80s
1. We just touched this neckline of the H&S and it's currently active
2. You will find a wedge below that kicks off the decent
SOLANA has formed a Cup & Handle Pattern on the weekly/daily.SOLANA known for making some incredibly big moves over short periods of time. It is currently forming the handle of a large Cup & Handle formation, which could signal substantial price appreciation over the coming year or so.
Good luck, and always use a stop loss.
Bullish consolidation into rate cuts for SOLStrong high volume accumulation supported by a positive MACD signal cross below the zero line looks very promising for the next 6 months
SOLUSD bullish scenario short termA possible bullish flag is under development, pointing to a price level 75-80$ which was the previous point of interest (Supp&Ressi). Fibonacci extension 61.8 is coming aligned with the flag pattern target at 140-145$. Additionally, the most recent resistance is coming from April 2022.
Let's see how will develop, a pullback at 75-80$ with a strong bounce back higher to 140-145$ range?
SOL USD CRYPTO: RETEST OF NECKLINE...PERFECT SETUP
About 8 hours ago I put out an alert on Bitcoin breaking out in a Head's 'N' Shoulders Pattern.
Well now it's SOL's turn and like something out of a trading manual its setup is perfect.
I believe it is on the 15m chart & its just about ready to breakout.
easy_explosive_trading
* Trading is risky. This is for illustration purposes only. But here at easy_explosive_trading, we took this trade & entered a buy-order about 3 hours ago.
The Great Wall of SOLSolana has held strong at around 129 since March of 2024 when it rose to 220. Right now, exactly 10 days before Breakpoint this is looking like a descending wedge pattern ripe for a massive pump beyond previous highs. I am extremely disappointed Crypto was not mentioned in IS Prez debate but perhaps it is for the better. Let the politicians keep chasing Crypto so this space can dictate more policy. Go Solana!
Is there enough juice for SOL?SOL trades around $132, just above 4HR 50MA, however, failing to stay above $135. If price stays within the current range and reclaims $135, that could be bullish. Otherwise, assuming the move to $135 was a fakeout, SOL could head back to $120.
#crypto #solana #short#crypto #solana #short #1d #4h
Classical analysis.
Supply and demand analysis.
On the daily and 4-hour time frames, the price formed an m-retracement pattern and then the price hit the neckline of the retracement pattern, which simultaneously reacted to the supply zone. Therefore, the pattern is complete and we enter the transaction.
r/r=1/2
sl:139.49
tp:109.23
