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SOLUSD trade ideas

SOL: When Everyone Thinks Bullmarket - BE CAREFULHello Guys, this is just an idea and I do not think this will happen. To be honest I see Sol hitting well above 500$, but so far SOL is replicating the movements of the 2022 bear market fractal. We have to deviate from it, as long as we stick with it looks a bit worrying, ngl. Especially because what I just said: If everyone believes one thing, it is likely not going to happen.... Be careful trade safe. Don't take price action for granted
COINBASE:SOLUSDShort
by MrMoMoney
SOLUSDT- History repeating itself-Moving towards All Time High SOLANA recently posted a high of 2015. Now after retracing about 61.8 fib. level, it is again trying to pass recently posted LH of around 163. It is repeating its historic move of posting All time high 260 on 9th September 2021. In 2021, after gaining bullish momentum, after making first HL, it reached notable HH level of 215 within 15 days, then it retraced up to 61.8 level in 12 days and made bullish flag pattern. then from 61.8 level retracement, it gained bullish momentum and posted All time high level od 260 in 46 days. Now, in 2024, it is exactly repeating this cycle. after posting recent HH level of 215, it retrace exactly to 61.8 fib level in 13 days (previously it was 12 days), and is making same bullish flag pattern. From here, if bulls get momentum and history repeats itself as per time cycle theory, the SOLANA can touch all time high level 250-260 within 46 days ( by the end of may)
COINBASE:SOLUSDLong
by ALIHAMID
2
Massive Historical Cup and HandleI've seen other people highlight this historic SOLANA "CUP AND HANDLE" Bullish pattern and am seeing it now much more clearly. It spells "BULLISH' in trader sign language! November has been quite the month for SOL and I think this NOV will find SOL above 2021. It is crazy to think that SOL was at 8.90 cents in NOV 2021! I can imagine angry the bears are that were waiting for zero to scoop up SOL or a return to single digits. Keep the faith and keep stacking I say. Study the activity on the chain.... SOL is gaining steam and will move high. NOT Financial Advice.
COINBASE:SOLUSDLong
by cryptoseedjohnny
3
Technical Analysis: Solana (SOL/USD)Solana (SOL/USD) exhibits a challenging technical landscape as the crypto asset navigates through volatile market conditions. Our technical examination, supported by various indicators and chart patterns, will provide speculative guidance on potential price trajectories. Current Price Action: As of the latest sessions, SOL is trading at $137.40, exhibiting indecision within the market. The recent candlestick patterns suggest a battle between bears and bulls, struggling for directional dominance. Volume and Market Sentiment: While the trading volume remains undisclosed, the lack of this information emphasizes the need for traders to lean on other technical aspects to discern market sentiment. Indicators and Analysis: Fibonacci Retracement Levels (Image 1): The price is wavering around the 0.5 Fibonacci level ($152.44), having recently descended from the 0.618 level ($172.03). A sustained break below the 0.5 level could see SOL test the 0.382 level at $138.89. Speculative upside targets lie at the 0.618 and 0.786 levels, with a breakout above $172.03 potentially igniting a move towards $189.95. Moving Averages (Image 2): The 50-day (EMA at $151.58) and 200-day (EMA at $111.35) Exponential Moving Averages are vital. The current price below the 50-day EMA signals bearish sentiment, with the 200-day EMA acting as a longer-term bullish confirmation. The 50-day EMA crossover below the 20-day (EMA at $139.57) could suggest further downward pressure. Ichimoku Cloud (Image 3): The price is below the Ichimoku cloud, indicating bearish momentum. A potential short-term rebound could be expected if the price breaches above the cloud. Conversely, staying below the cloud may reinforce the bearish outlook. Technical Indicators Summary (Image 4): The Relative Strength Index (14) at 38.85 points to a lack of strong momentum in either direction. The Moving Average Convergence Divergence (MACD) histogram is in the negative territory, suggesting a bearish momentum. However, the histogram appears to be losing downward momentum, possibly signaling a slowdown in the bearish trend. Stochastic RSI is neutral, giving mixed signals about immediate price direction. Pivot Points (Image 5): SOL is currently below the pivot point of $142.64, which acts as immediate resistance. Support levels to watch are S1 at $136.38 and S2 at $135.68. Breaching these could see a further decline to S3 at $116.32. Resistance levels are established at R1 ($142.64), R2 ($159.53), and R3 ($173.07). These are key levels for potential upward movements. Speculative Price Prediction: In the short term, if SOL maintains above the $137 region, we anticipate potential retests of $142.64 (R1 pivot). A breakthrough beyond this point could steer the price towards the $150 psychological level, aligning with the 0.5 Fibonacci level. However, a failure to sustain this may lead to a decline towards the $135 support area. Trading Strategy: Buy Entry: Traders might consider entry points above $138.89 (0.382 Fibonacci level) for short-term positions with a strict stop-loss below the support level of $135.68. Sell Entry: If SOL fails to maintain the $137 region, short-sell opportunities may arise, targeting the next support levels at S1 and S2, respectively. Final Thoughts: The market presents a complex pattern; hence, traders are advised to place trades with careful risk management. While indicators lean slightly bearish, it is imperative to watch for either a bullish reversal above the Ichimoku cloud or a bearish confirmation below the $135 support level. Disclaimer: The information above is speculative and for educational purposes. Cryptocurrency trading involves substantial risk and is not suitable for every investor.
CRYPTO:SOLUSD
by AxiomEx
3
SOL laddering back up!SOL mostly likes to move in big spurts that precede market up and down turns. The laddering up we are witnessing, moving up past the 200 week MA in lower time frames and daily and getting close on 4 and 6 HR, plus 5 days in a row closing green, is looking very very bullish to me! Still - SOL is powerful and it seems to be building some steam... The narrative is very good right now too. Keep in mind that not only did the Solana people solve their congestion issues - they did it very quickly and they were completely UP FRONT about the issues. That is mad bullish! Further more at the end of MAY they have a second update for fine tuning on the chain and then sometime either late this year or early next year we will get FIREDANCER and that should be a game changer - again - from SOL. So with so many Bullish catalysts in the pipeline it is only a matter of time before SOL leaps up off the ladder! The current levels are still very affordable. I am stacking and staking and waiting. I noticed liquidation levels for SOL today are around 5 million... you know what cannot be liquidated? A good solid HODL! This is just my take and not at all financial advice. Good luck and happy trading! BTW I just put out a new track celebrating $GUMMY!( I am a music maker first and foremost) Check it out on Spotify or any platform in the known universe starting tomorrow. (THE GUMMY THEME by CRYPTOSEED JOHNNY)
COINBASE:SOLUSDLong
by cryptoseedjohnny
3