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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

SOLUSD: An alternative countI am looking at this alternative count since it answers two questions. First, the very first day price action back in April 2020 and the following structure looks to be a 3 wave structure that throws off the entire sequence until the top in Nov 2021. So, if we go with that as a 3 wave structure, it starts to make sense. The second question is the matter of supply. Sol is inflationary and we have seen how it can be manipulated form FTX case and LUNA case. The chain is highly hack prone and very centralized. So, nothing is stopping it from creating unlimited supply for any reason, crushing the price. Not saying that will be the case, but it is still a non-zero probability. Keeping that in mind, the short to midterm might be the biggest pump incoming for the price. While other assets might be struggling to make new highs or gearing up for wave 2, Sol might go the opposite way to the moon. If that happens, then this alternate count probability will become my primary count. The targets will still be somewhere in Jupiter....before crushing back down to earth.
BINANCE:SOLUSDLong
by mukit1
2
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160. At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again. However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level. At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level. I remain bullish on Solana as long as the 120 support holds firm.
COINBASE:SOLUSDLong
by Mihai_Iacob
4
SOLUSD: Ready to breakout parabolically.Solana just turned bullish on its 1D timeframe (RSI = 58.732, MACD = 1.506, ADX = 22.317) but remains neutral on the 1W (RSI = 51.934, MACD = 6.162, ADX = 25.249) which underlines its undervalued nature. Since the August low, the price has held the 1W MA50, cementing it as Support and appears to be ready for a breakout. This breakout can be a parabolic one, same as the one that emerged on December 21 2020. This was the bullish wave of SOL's historic Channel Up pattern and it came when the 1W RSI rebounded on the pressure zone. This is exactly where the price sits today. Even though that would catapult its market cap and high adoption is needed behind it (along with other fundamental catalysts), technically if those conditions emerge, we can see Solana making a new HH on its Channel Up, TP = 5,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SOLUSDLong
by InvestingScope
2
SOLANA - Double Top or ready to breakout?Solana, the coin that has performed best against Bitcoin so far, is at a critical level, right now I do the same reasoning as I did on BTC, I observe only for the simple reason that you don't buy under the major resistance, you wait for the Breakout + retest or you wait for a nice support, in this case the long-term reversal points are clear and the first important support I see is very Lower than where the price is now, it's time to use the best of a trader's virtues which is patience
CRYPTO:SOLUSD
by MC_Capital_
SOL Head and Shoulders on the 1HrPost Breakpoint heading in to Q4 Uptober and SOL seems to be printing a head and shoulders pattern. Breakpoint pump was very small compared to other years (20% ++ this year) . SOL is a fast mover and there is far too much narrative with Firedancer upgrade, SOL Saga 2 and new SOL Game player, as well as CIti Bank deals and whatnot ... my guess is this head and shoulders is a little message.... we are getting ready for a big move up to next level.
COINBASE:SOLUSDLong
by cryptoseedjohnny
SOL Price Action: Rejection at Key Internal Liquidity ZoneGreetings, traders and crypto enthusiasts! Lord MEDZ back again with a detailed analysis on Solana (SOL), a top performer in the crypto market that’s currently facing some significant price action. Based on my observations, using daily and lower timeframes, SOL has revisited a key internal liquidity zone (ITL) and has rejected sharply at the 50% mark of an imbalance left by a previous drop. Let’s break this down and explore what could come next for SOL’s price action. Revisiting the Internal Liquidity Zone (ITL) In this particular case, the ITL is a zone where price previously dropped rapidly, leaving behind an imbalance in the market. This imbalance means there was an overwhelming amount of selling, with very little buying, which caused the price to move quickly downward. As a result, a sell-side liquidity zone was created, along with a buy-side imbalance that the market would eventually need to fill. Here’s what happened: During the rapid drop, sell orders dominated the order book, creating an imbalance between sellers and buyers. This imbalance left a gap in price where little buying had taken place, which is a magnet for future price action. As price retraced, it tapped back into this ITL and tested the 50% mark of the gap, which is often a key area of interest for both buyers and sellers. This level represents the halfway point of the imbalance and is a common target in price action trading as market participants look to either take profit or place new trades. Price Rejection at $52: The 50% Mark of the Gap SOL’s price action recently revisited this ITL and rejected sharply at around the $52 level, which corresponds to the 50% mark of the imbalance zone. Here’s why this is important: Imbalance Filling: In market structure, gaps and imbalances are often filled or partially filled over time. In this case, the market retraced and tapped into the 50% zone of the sell-side imbalance, but it failed to break through, suggesting that selling pressure is still strong at this level. Sell-Side Liquidity Dominance: The rejection at $52 indicates that sellers are defending this level, and there isn’t enough buying strength to push price higher. This is a sign that the market could be preparing for a move lower, especially as it seeks to target external liquidity zones. Potential Targets: External Liquidity Zones at $110 and $104 With the rejection at the internal liquidity zone at $52, my attention is now on the external liquidity zones below. Based on the current market structure and order flow, the next key levels to watch are $110 and $104. External Liquidity Zone at $110: This is the first major point of interest (POI) for sell-side liquidity, marked by equal lows. If price continues its bearish trend, we could see a sweep of liquidity around this level as sellers continue to dominate the market. External Liquidity Zone at $104: The next target would be $104, which represents another significant liquidity area where buy orders may be resting. This level is another POI, and price is likely to react here before determining its next direction. What Could Happen Next? Given the rejection at $52, it appears that SOL is preparing for a further move down toward these external liquidity zones. Here’s what I’m watching for: Continued Bearish Order Flow: If sell-side liquidity continues to dominate, we could see SOL make its way toward $110 and $104, where liquidity is likely resting. These levels represent areas where the market may look to rebalance the price after such a sharp rejection. Break and Retest: If price manages to break below these external liquidity zones, we could see a further bearish move, potentially toward deeper support levels. However, if buyers step in at $110 or $104, we could see a bullish reaction and possibly another attempt to revisit the $52 level. Final Thoughts: Watching the Liquidity Zones Solana’s price action is currently focused around liquidity zones, and the recent rejection at $52 suggests that the market is gearing up for a move toward lower liquidity. These liquidity zones provide crucial information about where price is likely to react, and traders should pay close attention to how price behaves around $110 and $104. As always, this analysis is based on the flow of orders and market imbalances, without the use of traditional indicators. If you’re watching SOL closely, keep an eye on how price interacts with these liquidity zones—it could signal the next big move. Stay sharp, stay informed, and remember to trade wisely. Peace, Lord MEDZ. Disclaimer: This blog is for educational purposes only and should not be considered financial advice. Always do your own research or consult a financial professional before making any trading decisions.
BINANCE:SOLUSDShort
by Skinwah
2
The forecasting of SOLUSDThe forecasting of SOLUSD prices can be a complex task, as it involves analyzing various factors such as: Market sentiment: The overall mood of the cryptocurrency market can significantly impact SOLUSD prices. Positive news and trends can lead to price increases, while negative news and trends can lead to price decreases. Supply and demand: The balance between the supply of SOLUSD tokens and the demand for them can also influence prices. If demand exceeds supply, prices may rise, and vice versa. Technical analysis: This involves studying historical price data to identify patterns and trends that may indicate future price movements. Technical indicators such as moving averages, relative strength index (RSI), and Bollinger Bands can be used to make predictions. Fundamental analysis: This involves examining the underlying factors that affect the value of SOLUSD, such as the development of the Solana blockchain, the adoption of SOLUSD by merchants and businesses, and the overall health of the cryptocurrency industry. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Investing in cryptocurrencies involves risk, and it is important to do your own research before making any investment decisions.
BINANCE:SOLUSD
by ITManager_US