SOL: Bottom could be in Solana's price action could become very interesting if we have a daily close at or around $140. This could catapult price in the high 170s, provided that the market remains supportive. Be constructive here.
SOLUSD trade ideas
SOL analysisI'm entering a long position, as the price bounced from the lower line of the channel and I'm expecting at least a touch up of the upper line from the channel.
DYOR and stay safe
solusd buyLots of liquidity has been taken from the downside and now were looking at a new bullish direction, there was a breakout to the upside through the resistance line at 128.85 which tells me there is a new trend forming and that there is strong bullish pressure. We also have 2 to 3 ascending triangles, a new bullish trend, and bullish market strucutre. We also have a nice reaction from the demand zone 128.52, indicators also signal a bullish direction. in conclusion the market is showing bullish behavior and is a very profitable trade.
Big moves coming for $SOL, fast horse If you haven't noticed, CRYPTOCAP:SOL has been leading altcoins into the coming bull run. SOL has been outperforming CRYPTOCAP:ETH and MIL:BTC by a big margin. People were selling and panicking out of SOL during the FTX fud but it that had nothing to do with its fundamental. SOL is the most performant L1 by a long shot. Eth went 241% past its ATH last bull run, and if SOL follows a similar trajectory next cycle that puts CRYPTOCAP:SOL at $891 (3.618fib) ... Don't fade CRYPTOCAP:SOL >. SOL is fundamentally stronger than ETH too. DYOR and Zoom out
SOL Bollinger Bands Prints a SmileNice Bounce off of strong support at 123 in the face of BTC continued MT GOX dump. SOL is looking good and strong and smiling at you and me and all the fudders and naysayers! Bollinger Bands printed the smile (I added the eyes and hair) It's only a matter of time (maybe September?) before SOL God candles up past ATH and beyond. Thats my take not financial advice.
Solana - TREND Indicators BEARISHUsing a Technical Indicator here which I use mainly to determine trend swings from a macro perspective. At least for the short term, SOL is bearish.
We've lost a long standing trendline that has held since October 2023, which is around the time that the bullseason started.
This will all largely depend on what BITCOIN does in the short term - more info on that HERE:
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COINBASE:SOLUSD
SOLANA/USD BEARISH TRENDLINESOLANA/USD SHOWING BEARISH TREND
RSI - NO DIVERGENCE
MARKET ORDER WITH 124.49
STOP LOSS - 136
LOT SIZE -27.20 WITH RISK /REWARD OF 3 %
First Take profit on 114
second take profit on 103
Bullish bounce?SOL/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit.
Entry: 120.74
Why we like it:
There is a pullback support level.
Stop loss: 113.29
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Take profit: 134.42
Why we like it:
There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SOL: Thoughts and Analysis Today's focus: SOL
Pattern – Support Test
Support – 123.50
Resistance – 140.36
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SOL on its daily chart.
Few things to watch, key support being the main one. Will we see a bounce or a break? If we see a bounce with this, then contnue the overall descending triangle pattern.
Good trading.
solusd sellall timeframes suggests bearish direction, with dxy looking strong in terms of market structure, we can can expect a fall for solusd. the trend is your friend ! downtrend, mulitple descending triangles, more liquidity take the the bottom, breakout to he downside, bearish engulfing candle which signals bearish movement,
Solana/USDIn the first frames, a good triangle is still visible after exiting which I expect the historical maximum to be renewed.
But this is how an alternative scenario occurs during an update with a minimal correction and the price moving into the imbalance zone, forming a bullish flag.
Globally expected update to all-time high
Solana 'Failed Move' FractalGoing back through the charts, Solana seems to love faking people out. Go back to 2021 and this exact pattern happened around $20 before $368.
Just a simple chart but hey this is my prediction. BINANCE:SOLUSDT
x.com
SOL - Were you entertained?At $21 I predicted SOL will get back to ATH. (see below)
This is an update of the idea where I provide detailed comparison to a bearish shark. This also plays with how I see BTC and rest of crypto. Unlike what is being said by others, I believe we are closer to the end of the crypto rally.
Please boost idea and follow.
Crypto market checkCrypto market check Q2 2024 view with BBMC and accumulation / distribution indicators.
ETH/USD
BTC/USD
DOGE/USD
BCH/USD
SOL/USD
UNI/USD
LINK/USD
MATIC/USD
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
Solana trend continuingSideways triangle in Solana, shows that the price is just going sideways temporarily but long term wise the direction is clear to the north.
Solana Price Analysis: Is a $114 Correction on the Horizon?I discuss why I believe it’s heading towards a near-term correction that could see its value drop to $114. Also I describe what to look for after it reaches that zone.
Sol Still in DowntrendSol downtrend still has bearish momentum from rising wedge breakout
160 lower high confirmed, minor lower high confirmed at 150,
Next significant move will either be a break of 156 or testing the low range of 138-132
SOLONAReasons for execution
1)PWL LIQUIDATED
2)+BOS external
3)0.236 Fibonacci Retracement
4)Positive Orderflow
5)1.618 Fib Expansion
Bearish drop?SOL/USD is rising towards a resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could reverse4 from this level to our take profit.
Entry: 140.47
Why we like it:
There is a pullback resistance level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 151.74
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 120.66
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
POTENTIAL BUY OPPORTUNITY SOLANA (SOLUSD) Alright! Here is post #2 for the week! I figured this week I would give you guys a couple different markets than I usually post about! Since I do mainly specialize in FX markets since I have put the most time into them. But wanted to add some value for those of you trading multiple or different markets! So here we go!
OK so obviously Solana is a hot Cryptocurrency right now...showing huge upside potential. Recently prices have been making an uptrend in price with recently back in Mid-May prices went from $140-$185+ per coin. Showing a huge influx of demand coming into this crypto-currency. After seeing this bounce I had seen the demand for this coin is there...
SO when looking at lower timeframes you can see a strong demand level around $151 per coin. Where the origin of that last bull run was in prices. Another good technical confluence is the Fibonacci alignment of the 78.6% fib (discount) level aligning with the overall demand.
Simple breakdown on Solana but overall a hot coin..large market cap..and a bullish/demand driven market to back it...more signs pointing bullish then bearish for me on this crypto coin!
Please boost and follow my page for more accurate analysis! Cheers!
Solana has a stron bearish momentum, could it fall further?Price is rising towards a resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 140.47
Why we like it:
There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 151.74
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 119.62
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
