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SOLUSD trade ideas

Am I Right to Short Solana? Let's See! {07/Jan/2024My first trade analysis of 2024 on Crypto Currency. Educational Analysis says SOLUSD may move in this range for some time according to my technical. Broker - Binance This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check Comment section how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BINANCE:SOLUSDShort
by VishalBudhrani
3
$SOLUSD In A Parallel UptrendA break of the trend line or a weekly close below the line will end the uptrend. COINBASE:SOLUSD in a parallel uptrend" suggests that the price movement of Solana (SOL) against the US Dollar is exhibiting a consistent upward trend, and the trendlines can be described as parallel. In technical analysis, a parallel uptrend implies that the price is making higher highs and higher lows in a manner that forms parallel lines on a price chart. This pattern indicates sustained bullish momentum in the market for the specified asset. As always, it's crucial to conduct thorough technical analysis and consider other relevant factors before making any trading decisions.
COINBASE:SOLUSD
by AlgoTradeAlert
Solana's Rocky Road: Navigating Challenges Amidst Market Trend Solana ( CRYPTOCAP:SOL ), often hailed as the "Ethereum Killer," has recently faced a tumultuous period marked by a significant price dip, sparking concerns among investors. As the broader cryptocurrency market experiences a sell-off, Solana's price has plummeted over 7% in the last 24 hours, dropping below $95. This Idea delves into the key factors contributing to Solana's recent challenges, explores its historical performance, and assesses the impact of recent market dynamics on its future prospects. The Current Landscape: In the midst of a positive trend in the overall crypto market, buoyed by optimism surrounding Bitcoin exchange-traded funds (ETFs), Solana stands out with its struggle to maintain stability. Despite the recent positive momentum, Solana's native cryptocurrency has seen a decline in value, casting a shadow over its performance in 2024. Whale Movements and Market Volatility: One of the contributing factors to Solana's price decline is the erratic behavior of cryptocurrency whales. Recent reports indicate that large amounts of Bitcoin and Ethereum were deposited into centralized exchanges, leading to increased market volatility. Solana, being part of this broader market movement, has experienced a notable drop in price, emphasizing its susceptibility to external factors. Investor Sentiment and Losses: Solana investors have not been spared from the recent downturn, experiencing losses as the altcoin slipped over 7% in the last seven days. Despite its impressive 600% year-to-date surge, Solana is still 64% off its all-time high price set in November 2021. This prompts investors to reassess their positions and raises questions about the altcoin's ability to regain its previous highs. Trading Volume and Market Cap: The dwindling trading volume, down nearly 17% to $2.8 billion in the last 24 hours, suggests a diminishing retail interest in Solana. As the fifth-largest cryptocurrency by market capitalization, Solana's market cap has fallen to $40.5 billion, underlining the need for a comprehensive analysis of the factors influencing its market standing. Stability Concerns and Scaling Issues: While Solana gained popularity as a faster and more cost-effective alternative to Ethereum, it faces its own set of challenges. The network's notable outages and scaling issues from the previous year have highlighted its vulnerability. Solana's inability to process transactions without going offline poses a significant hurdle, prompting stakeholders to reevaluate its status as the "Ethereum Killer." Conclusion: Solana's recent struggles underscore the complexity of the cryptocurrency market, where a confluence of factors can impact an asset's value. As investors navigate through market turbulence, Solana must address its stability issues and scaling challenges to regain confidence.
COINBASE:SOLUSDLong
by DEXWireNews
SOLUSDT|A very important resistance area and the fate of SolanaHi guys, this is my overview for SOLUSDT.Feel free to check it out and leave your comments in the comments section. With the sharp and strong growth that Solana experienced, it has now reached an area that is of great importance in all major time frames, monthly, weekly and daily. With the return from this area and even unsuccessful attempts to make a new high, we now see that both a lower high and a lower low have formed than the previous low. This is a sign of weakness in the previous upward trend. In my opinion, this weakness in the trend can reduce the price of Solana to the price of 72.26 dollars and the next level is 41.83 dollars.
BINANCE:SOLUSDShort
by Golden_Star1994
Tailing with everyone from a buy retrace It’s still a sell but I agree that the retrace is going; since 92$ is now become useful major support from the neckline which is located inside the low 91$ .. luckily it holds but if it breaks it can collapse further. Now for the retrace the correction part from where it’s at now ; meet 100$ area then lastly 111$ area but it’s possible can create a double or triple top in the 120$ Please be very careful it can reverse spike before we notice it off the bat. Safe trading while we are in the buy ; pay attention to the top meet the resistance. FYI: be patient because it will be playing around with the Bollinger bands a bit
BINANCE:SOLUSD
by JoyBoyVegae
1
Solana (SOL/USD) at a Crossroads: Navigating the channelsAnalysis: //Entry: Breakout Play: If SOL/USD breaks out from the downward channel convincingly with increased volume and closes above it, one could enter a long position. The breakout could invalidate the bearish H&S pattern and signal a potential trend reversal. H&S Pattern Play: If the price fails to break out and instead respects the upper boundary of the channel, turning down to complete the right shoulder, one could consider a short entry upon the break below the neckline of the H&S pattern. // Exit: Breakout Play: If entering long on a breakout, set the target at a previous high or resistance level that the price might encounter upon reversal. Alternatively, a trader might use a trailing stop to capture as much of the potential uptrend as possible. H&S Pattern Play: If entering short due to the H&S pattern completion, the target would be set at the projected distance from the head to the neckline, extended below the neckline. // Invalidation: Breakout Play: The long position is invalidated if the price falls back into the channel post-breakout, especially if it goes below the previous low within the channel. This indicates a false breakout and continued bearish sentiment. H&S Pattern Play: The short position is invalidated if the price breaks above the right shoulder or neckline after entry, indicating that buyers have regained control and the pattern has failed. Risk Management: Always use stop-loss orders to manage the risk. For the breakout play, the stop-loss could be placed just below the breakout candle or the previous swing low. For the H&S pattern play, the stop-loss could be just above the right shoulder or a percentage of the entry price. Position size should be determined by the distance to the stop-loss and the amount of capital risked on the trade, which is often recommended to be no more than 1-2% of your trading capital.
COINBASE:SOLUSD
by learningedge
The crash just starting This is a huge bull trap in history as I was wrong about the push up but expecting for it to happen but overall the bears win this one. $95 is the neckline if that breaks then the bears will fully dominate the market so if the buyers pullback inside the 45$ zone if fails then we will drop all the way down to $20 and it’s possible to go a lot lower than that. This is a huge concerning for the bulls and there’s no way we will see a bulls coming back soon since now bears are dominating for now. To me right now is the crash is barely about to start. Bears target : 45$ Bears target 2: 20$ If bears aren’t satisfied enough then we will break lower than $20
BINANCE:SOLUSD
by JoyBoyVegae
8
Smart money is selling Solana!We’re seeing quite a bit of confluence confirming more bearish correction to come in the near future. Solana is currently in a bearish correction structure within an overall higher TF bullish structure. Despite buyers continuing to enter the market, we can see that current market structure indicates more downside based on smart money concepts: 1) we have confirmed a break of structure followed by swing points indicating new LH and new LL 2) price is being drawn to FVG (highlighted box) before the next move down 3) the FVG indicated here falls within our Fibonacci killzone 4) if price makes this push up to the FVG it also completes a harmonics pattern 5) target is a major point of interest for market makers to gather liquidity before continuing to the upside
COINBASE:SOLUSDShort
by UnBearyBull
Solana bullish continuation pattern similar to BTC 2019.There's been a lot of hype on the Bitcoin ETF. I do think the FED is going to lower rates pretty soon (first quarter of 2024). IMO, a lot of the hype has already been priced into the ETF (IF it happens), however, the thing that's going to move markets to the downside temporarily -- is something negative. The reason the FED is going to lower rates, is because the economy is in freefall. I'm expecting higher unemployment. Traders need to know a very important fact, it's not the collapse, it's the response from the FED. I don't see a way out of what pattern they are currently in, this is no exception. Short term, Solana comes down to retest that 50ema somewhere? However! Don't fret, the FED will lower rates, print MASSIVE amounts of money and return to QE for Solana to explode higher from slightly lower levels here. IMO, if you are already long, hold. If you haven't bought yet, there is going to be an opportunity soon. Recall the 2017 BTC top, to the 2019 top, and pattern that developed there. Screenshots below. Solana could be in the exact same position now. A lot of the easy money in Solana, could have been made, but a 5x from the $100 level could also be made (I'm targeting, doesn't mean it will happen, a $400 - $500 SOL price top). So there is probably a pull back coming Q1 2024. If the $54 mark gets retested, could be looking at almost a 10x from there.
CRYPTO:SOLUSDLong
by otisfx
Litecoin Front Running Solana, SOL Is Going To Crash to $20I noticed this same thing on Bitcoin and did a chart on it go check it out. Solana could be gearing up for a massive crash back down to $20. Litecoin has been front running Solana way ahead like weeks as you can see in the history of the charts. Litecoin could be a good indication of what is to come for Solana and probably any other ALT in this same situation. Just see the chart for yourself. Litecoin runs when Sol falls. Not financial advice. I called the last major SOL drop at the top and people called me crazy. I called the LUNA crash at the top and people called me insane. Good luck out there.
BINANCE:SOLUSDShort
by Bitgolder
18
100$ support bullish comeback to go higher or are we dropping From ugly from down to $85 and now we came back up to 100$ build another support of it.. should we worry? Alright let’s get to the bottom of it so if the bears shouldn’t hold back then we would’ve gone lower than $80 when bears will pressure it a bit lower. But bulls found it footing major support and went back to 100$.. Alright so from there the bulls has to push up back to $115 so hear me out if back to $115 then solana going to play around a bit and push up little by little .. so in order to break out a lot higher solana bears to get back to $115 play around to go upwards $120 then 125$ to consolidate to keep the bullish momentum if it stays that way then on the way to $145 then same thing and up to 200$ If the bulls for solana stays that way then we will go even higher so the bulls has to keep it that way and steady to go aggressive to breakout bullish.. then thing is do not let the bears tickle your place and trap you like a fly. In my point of view im going long and solana bullish than any crypto here
BINANCE:SOLUSDLong
by JoyBoyVegae
2
Etherscan and Solscan Integration A Game-Changer for Solana In a groundbreaking move for the blockchain sector, Solscan, a renowned analytics platform within the Solana ecosystem, has officially joined forces with Etherscan, the world's leading block explorer. This strategic collaboration marks a significant milestone not only for the two entities but for the entire blockchain community. The integration of Solscan into Etherscan's framework is set to elevate the standards of blockchain exploration, delivering innovative and optimized block explorer technology to meet the evolving needs of users. Partnership Highlights: The acquisition of Solscan by Etherscan reflects the exceptional impact and reputation that Solscan has garnered within the Solana ecosystem. This partnership aims to provide equitable and neutral access to blockchain data, aligning with the shared vision of both platforms. With the combined strengths of Etherscan and Solscan, users can expect a substantial enhancement in their exploration and analysis experience, setting a new standard for excellence in the blockchain industry. Enhanced User Experience: Solscan's commitment to delivering cutting-edge block explorer technology is evident in its dedication to an enhanced user experience. The integration into Etherscan's family is expected to bring improvements in user interfaces, navigation, and overall accessibility. This collaborative approach ensures a more intuitive and efficient interaction with blockchain data, catering to the ever-changing needs of the blockchain community. Optimized Solscan Program Display: As part of the collaboration, Solscan has introduced an optimized Solscan Program Display feature. This enhancement focuses on refining user interactions with program data, providing a more intuitive and customizable experience. The introduction of interactive charts signifies a stride towards seamless exploration within the Solana blockchain. Solana Co-founder Anatoly Yakovenko has expressed his support for these advancements, emphasizing their positive momentum and the excitement within the community. Conclusion: The collaboration between Solscan and Etherscan represents a pivotal moment in the evolution of blockchain analytics and exploration. As both platforms join forces to enhance user experience and provide innovative solutions, the Solana ecosystem is poised for continued growth and development. Solana's rising trend in the medium to long term, coupled with the strategic partnership, positions the cryptocurrency for a promising future in the ever-expanding blockchain landscape. Investors and enthusiasts alike can anticipate exciting developments that will shape the future of Solana's blockchain journey.
COINBASE:SOLUSDLong
by DEXWireNews
SOLANA And the Full Picture ( More informative chart )Hi Everyone; today we have one of the best risk to reward Investment opportunity it is more than 1000 times the risk and the chart is look very promising. I expect breaking the previous bear market key point will clear the way to the final target Note: this not the right time to jump on the project, I am just showing the full picture for Solana for the current market Cycle (where it was and where it going) good luck everyone.
BINANCE:SOLUSDLong
by AlQasim_Analysis
3
Sol deadcat bounce incSol is still WAY overheated on long-term time frames . This breakout is a fakeout in my opinion, whales who bought last year can sell for a capital gain. The token continues to inflate and the market cap is obscene for the TVL and tokenomic structure. It is important to note that SOL did overtake Ethereum on 24hr/ 7 day / 30 day volume which is a huge milestone. Myself as a smaller market cap investor am losing interest when other chains have better fundamentals and move upside. I am short here on the long-term but still involved in RNDR and DIO on Solana.
COINBASE:SOLUSDShort
by Apollo_21mil
6