$145...?SOL seems to be holding support around 90. Looking for abt $145 from the next move. Invalidation below $86.77-ish. I will post an H1 chart next and attach.
SOLUSD trade ideas
SOL ChartSolana is at a pivotal place. SOL has a declining trend, however, it is crypto and its doesn't necessarily follow traditional patterns.
Solana Head And Shoulders - 41% DropSolana Head And Shoulders complete.
Measured move says 41% drop.
Short term swings on SOLFrom a retail perspective, shopping around the current price of SOL is still way too high for me. I'm waiting for some support ranges to swing trades in the next couple of weeks.
Support range: $85.62 and $65
Margin/Risk: 1.5% of the portfolio
My plan this weekend is to wait and chill until it hits these supports and wait until the RSI reset. If it hits lower than those support ranges mentioned above, a 50% retracement from the current higher high (aka $120) is a bonus for me.
Disclaimer: NFA. Let's wait and see!
$SOLUSD to deliver a sALT season?COINBASE:SOLUSD is in an interesting spot here. I like the $80 level below as there is a ton of liquidity there but I have this sneaking suspicion that if we were going to run for it it would've happend on Friday with the BITSTAMP:BTCUSD sell off from ETF fears.
I would expect reclaiming $100 would accelerate the sALT season. $137 would be the target. Invalidation is a close below $88 and I would be looking for levels below for support.
Solana going to 96$Triple bottom confirmed, we're going to 96$
Opened long at 91.5$, let's see how it goes!
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same.
What do we see? (follow the steps)
1) The high that set the downtrend.
2) Price wicking in the daily FVG that will serve as our base ('support').
3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too.
4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure).
5) The expected dump where BTC does too.
Hopefully you enjoyed this short analysis and I wish you a lovely day!
Happy trading!! ;)
SOL Price Analysis: Facing a Crucial JunctionSolana's bullish momentum faces resistance at $120, hinting at a possible pullback.
A noticeable drop in trading volume suggests potential for a bounce if buyers maintain control around the $90 level.
SOL's struggle to stay above $100 may lead to increased selling pressure and deeper market corrections.
Technical indicators reveal a 20% decline in recent weeks, with bearish signals dominating.
Current trade at $93.87, coupled with a 7.58% overnight drop, puts Solana at a critical juncture.
A 437% rise in SOL price over 10 weeks shows bullish fatigue as the coin approaches key resistance levels.
The potential breakdown below the 50-day EMA at $87.60 could trigger a 30% fall to $66.
A decline in weekly trading volume aligns with the pullback, suggesting a weaker selling trend.
The daily MACD trend indicates a possible continuation of the downward movement towards the zero line.
If Solana overcomes current challenges, a rebound above $100 may set the stage for a rally to $125.
Key support and resistance levels at $90 and $100 will play a decisive role in SOL's immediate future.
Market sentiment remains cautiously optimistic, aligning with predictions of an overall bullish trajectory for Solana in 2024.
Solana (SOLUSD): Potential Completion of a 5-Wave Cycle!
The current chart analysis suggests that Solana might be nearing the completion of a fascinating 5-wave cycle. An anticipated correction for the second wave (2) is expected to fall within the range of 38.2% to 61.8%. The minimum target for the subsequent Wave 3 is set at $273, indicating a potential increase of nearly 240%.
It is advisable to continue monitoring developments and consider risk management strategies. 🚀📈
Solana Breakout: LONG SOL Had reached the ending of a Triple Three formation and Ready to end the Triangle with a breakout.
Follow for more Ideas using Elliot Wave Principles
Solana Long Entry using ChannelsSolana is in a triangle between 2 channels, approaching the Apex! It could break either way!
Solana could be in a wave 4 of 3 retracement which could last two months from when it started on Christmas at noon if it's length can bet determined by the wave 2, which lasted from July 13th 2023, to Sep 11th 2023 (59 days 20 hours) or we could just be in a calm between two storms! Hard to tell, but the risk / reward on this seems reasonable.
To wait for the break, or to not wait for the break? That is the question! You decide!
If Solana breaks up, this could be a likely target using Channels, otherwise if it breaks down, probably another month and a half of downward trend to some larger Fib support ($74 - 0.238 fib and $53 - 0.382 fib)
Entry: ~$100 (around)
Exit: $180 (around the top of channel)
Warning Stop: $90-$92 (Somewhere below the Triangle Bottom, but this could be a fakeout and good entry also)
Hard Stop: $84.50 (Slightly below the Jan 3rd Low from the Dump, it's definitely going down if it crosses this)
Good Luck and God Bless!
✴️ Solana Headed Toward $33.3?Within just a few days, Solana will no longer trade near the $100 price range.
Good evening my fellow Cryptocurrency trader, let's look into Solana today.
It's been 23 days since Solana peaked and ended a massive 1,477% bullish wave, wow... But after strong growth comes a strong correction, no doubt about it!
Going back to the beginning, the $100 price tag is a nice one, a great one but one that will have to wait until late 2024, future days.
This was just a preview, a taste of the next bull-market; Looks pretty nice, it was great but it should be even better after this standard correction takes place.
End target?
No, I would say close to $33 looks solid and strong.
➖ This price tag matches the 0.786 Fib. retracement level for the entire wave from December 2022 through December 2023.
➖ This price tag also matches the peak price hit by SOLUSDT in July 2023.
But normally, these levels are pierced, for a few days or in the least on a wick.
Before we go that far down we have to make a few stops. The 80s and 70s will go easy, but not the 50s, we should see a small bounce around 52, 53, 55... Around 50. Then another drop towards 44 and the final bearish impulse to complete the correction that will lead to a new accumulation phase before the market turns.
So drop, crash, pierce, push down then stop.
Accumulation followed by a bullish breakout and finally long-term growth.
2023 was the recovery year, the preview, deleting the bad vibes of the bear market but not the true moment for Cryptocurrency to shine.
Cryptocurrency will shine after Q2 2024 and the first half of 2025 .
This is good news... We have plenty of time to prepare for what is up ahead for us.
We have the opportunity to achieve financial freedom, if we take the time now to study, plan and prepare... Invest time in yourself; Opportunities are endless but they cycle in and out, if you miss one you will have to wait for the next one.
Namaste.
LFG!SOL's chart is showcasing a thrilling performance, breaking through resistance with conviction on its third rally. The momentum aligns with earlier speculations of a surge toward the $750 mark. The technical indicators are in favor: RSI is showing room for growth before hitting overbought levels, and the MACD maintains a bullish crossover. This continued upward push suggests SOL is not only strong but could potentially reach and exceed expectations. Investors are likely to watch closely as SOL tests these levels, with the $750 target now seeming more realistic than ever.
SOLANA : BULLISH BREAKOUT TO COME- As for all cryptocurrencies, SOLANA has experienced a bullish rally since October 2023. The medium-term trend is therefore clearly bullish.
- Since the end of December 2023, the market has been in a consolidation phase in the shape of a symmetrical triangle, generally perceived as a trend continuation pattern. The two long exponential moving averages are still in a bullish configuration, supporting the market.
The RSI has even already announced the resumption of the rise by displaying a bullish break-out of its bearish trend line.
- This situation is seen as bullish for SOLANA. Even if prices have still not broken out of their downward trend line, the presence of a trend continuation pattern makes it possible to envisage a resumption of the underlying bullish trend.
Furthermore, the break-out anticipated by the RSI also allows us to consider that the bearish correction is now over.
The next targets may be at $104.60, $114 then $122.85 and higher by extension.
SOLANA: strong PA 111 if breakout confirmed Solana has recently encountered strong support at the 200 SMA and has initiated a rebound from this key level. Currently, there is a convergence of multiple moving averages in this area. Should this level hold, particularly if Bitcoin holds, we can anticipate a rally, potentially reaching 111 or even surpassing this threshold.
SOL - Solana - Long80 - 85$ looking for buying position to target 139,4$, is good to apply dinamic stop losses to minimize risk.
Risk Reward Ratio: 1.5
Sol looking like AVAX contractionSol is looking a lot like AVAX, or should I say AVAX is looking a lot like Sol. Sol is a great predictor for the altcoin market these days considering it has a 40 billion dollar market cap. This chart looks just as bullish as AVAX albeit having a few more sticks to create the wedge, I prefer candle bodies over wicks any day. Either way I expect this to break to the upside, and it looks to be testing it now. A strong bounce off the fib after some downward consolidation is needed for continuation.
Massive movement in price incoming in next 48 hoursPrice will see a huge price movement up or down in the next 48 hours.
The price will reach that older uptrend support, while potentially breaking a descending triangle.
I'm hedging in this situation, shorting and longing in same time, see what happens.
Bullish market in SolanaDear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
Myro trade to Sol visualizedThis is a trade I am thankful for. I had the patience to sit in MYRO with a small bet and watch it explode for a very quick 10x. I saw that SOL was down and MYRO was heavily overextended and sold 50% of my tokens this past Saturday. Sol is up Myro is down, this is a great example of why you dont need leverage when you trade. You beat the market by selling out of FOMO and buying into FUD.
