SOL-USDT Cup & Handle Pattern SOL-USDT Cup & Handle Pattern
T1 - $360 (Time Frame - 1 to 3 months)
T2 - $4500 (Time Frame - 4 to 12 months)
Condition If breakout happens at resistance point.
SOLUSDT.P trade ideas
#SOL/USDT sweeps the liquidity and breaks the Diagonal Trendline#SOL/USDT sweeps the liquidity and breaks the Diagonal Trendline in 1-hour TF!
CRYPTOCAP:SOL looks heavy. We can see a small retracement from here. The local support level is PWH $148.5, and the resistance level is $162.6.
Trade Setup: SOL Long PositionMarket Context:
SOL is currently trading at resistance, and a small retrace is expected, providing a better level to enter into a trade.
Trade Setup:
Entry: Enter a trade at a retest of the $145 - $150 area of support.
Take Profit:
First target: $163.50 - $176.00
Second target: $188.50 - $200.00
Stop Loss: Place the stop loss just below $135 to allow for some volatility.
📊 Keep an eye on the price action and be ready to adjust the entry based on market conditions. #SOL #CryptoTrading #TradeSetup 🎯
SOLUSDT, Wed 17 Jul !Price volatility is ongoing at 50% Fibo. We are neither in the discount area nor in the premium area.
Compared to the Bitcoin price trend, which touched the 62% area and is in the premium area,
If Solana touched 62% and was in the premium area, I would have expected a sharp short.
If Bitcoin starts its downward movement, I expect Solana to rise to 173 and then, with a lag relative to Bitcoin's movement, its downward movement from 62% Fibo or the last FVG or...
(in the coming days) to start.
So today I am looking for Long!
Wed 17 Jul - 9:35
The above is only my Ideas and its not offering to Buy or Sell or trade!
Wish Low-Loss Trade!
SOLUSDT, Tue 16 Jul, Short Position!I saw In PM session, that The price crossed 50% Fib
And The EQL level was formed close to 50% Fib.
If you see the chart in 1 m TF, You can see the Market structure shift and i Enter at 161.737.
If its goes well down, The Target will be 142 (At least 151).
Lets see whats happen.
Good Luck
16:57
SolanaAccording to usdt.d and the total market cap, Solana could have a bearish move.
Good for short position
SOL possible resurrection?
SOL is one of the most affected cryptos by the FTX crash.
Without knowing much about its fundamental, I would like to give my view based on TA.
In my opinion, along with other large cap cryptos, SOL may have found its bottom (at $8). What will be the worse scenario for SOL than the FTX's fall? May be the crash of all markets? Except this extreme scenario or a similar one, I expect a recovery of crypto market in general and of SOL in particuliar.
Now let talk about SOL. My idea is quite simple: On weekly time-frame, CMF values seem to cross 0 from negative values. It would indicate that the bottom is in and the trend is about to reverse for SOL. Prices are now above the lowest ascending trendline (black continous line), but it would approach this support in the future, at a higher prices. By this, I suppose that the lowest trendline depicted in chart would be the last support, if the considered structure holds.
Certainly I need to search/update on this project, but for a possible investment strategy, I put in chart a referenced "Accumulation area" and a very optimistic target.
What do you think about this analysis and the price projection? Do you believe in a possible ressurection of SOL (and why)?
Thanks for your comments and for any piece of information about the project.
All the best with your trades!
Solana Flashes Bullish EMA Crossover — $200 On The Table!Today, Solana printed a bullish EMA crossover on the daily chart. The signal flashes when a short-term moving average crosses a longer-term moving average to the upside, indicating the start of a (bullish) trend.
Based on backtests, the signal shows a high reliability of almost 88% to reach gains >10%. However, it is worth mentioning that the amount of historical events is limited in this case.
From a chart perspective, it seems reasonable to wait for Solana to reach $170 for a safe entry. If this happens, $200 can be saved as a first-take profit target.
Solana's Bull Run: Breaking Barriers and Setting New HeightsSolana (SOL) has been one of the standout performers in the cryptocurrency market, showcasing a robust bull trend. Recently, SOL has demonstrated significant strength, breaking past resistance levels and setting new price targets. Let's delve into the latest market movements and what they signify for the future of Solana.
Recent Market Performance
Solana has been on an impressive upward trajectory, with the price breaking the key resistance level at $150 and pushing towards $160. After this breakthrough, SOL retested the $150 level, which held firm, providing a strong foundation for further upward movement. Currently, SOL is continuing its ascent, eyeing the $175 price point.
Key Market Movements
Breaking Resistance: The price breaking above the $150 resistance level was a significant milestone. This move indicated strong buying pressure and marked the continuation of the bull trend.
Retest and Validation: The retest of the $150 level, which acted as a new support, confirmed the strength of this price point. The successful retest reinforced investor confidence, setting the stage for further gains.
Upward Momentum: Following the retest, SOL's price has been moving steadily towards the $175 level. This indicates sustained buying interest and a positive market sentiment.
Technical Analysis
Several technical indicators support the bullish outlook for Solana:
Market Structure: Although the overall market structure shows signs of being broken, the structural low remains intact. This indicates that while there may be minor fluctuations, the overall trend remains upward.
Moving Averages: The short-term moving averages are trending above the long-term averages, confirming the bullish trend.
Volume Trends: Increasing trading volume alongside rising prices suggests strong buying momentum, further supporting the bullish case.
Fundamental Strength
Solana's recent price action is backed by strong fundamentals, making it a compelling choice for investors:
Technological Advancements: Solana’s high-performance blockchain, capable of processing thousands of transactions per second, continues to attract developers and projects.
Growing Ecosystem: The expansion of Solana’s ecosystem, with numerous DeFi projects, NFTs, and decentralized applications (dApps), is driving demand for SOL.
Community and Partnerships: Solana’s active community and strategic partnerships are enhancing its visibility and adoption.
Future Outlook
The current bullish trend in Solana suggests that the price could continue its upward trajectory, potentially reaching and surpassing the $175 level. Investors should keep an eye on key support and resistance levels, as well as any changes in trading volume, to gauge the strength of the ongoing trend.
#SOL/USDT#SOL
The price is moving within a 1-hour bearish channel pattern, which is a strong retracement pattern
We have a bounce from a major support area at 131.30
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price is 133,300
The first target is 137.80
The second goal is 147.27
The third goal is 157.00
SOL 1DAY CUP AND HANDLE PATTERNIn this case, I am seeing a cup and handle pattern on a 1-day timeframe and I anticipate a breakdown followed by bullish movement, might be suggesting that the price is currently forming the handle part of the pattern. If the price breaks down from the handle but then reverses and breaks out above the handle's resistance level, this could confirm the pattern and signal a bullish continuation.
Always consider using other technical indicators and risk management strategies alongside pattern recognition to make informed trading decisions. Patterns like cup and handle provide a framework for understanding potential price movements, but they should not be relied upon in isolation.
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT
SOLUSDT is in the ascending phase by the cup and handle.
SOL is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Breakout of SOL in daily chartHello traders,
Sol had a pump recently as like as other cryptos but it had a very nice break of the wedge and now it is trying to make higher highs. My advice would be to buy at here and slowly trail you stop-loss.
Your starting stop-loss could be the green zone.
SOL (Solana): Descending TriangleTrade setup : Price has regained 200-day moving average, which is a sign of long-term Uptrend. Swing Traders: we would be buyers on pullbacks near $125-$135 support, which could be an attractive swing trend entry, with +30% upside to $160. Stop Loss (SL) level at $110. Trend Traders: wait for a breakout from Descending Triangle, ideally above $160 resistance, which could be followed by an upswing to $200.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $125.00, then $100.00. Nearest Resistance Zone is $160.00, then $200.00.
SOL / TetherUSHello dear traders!
Solana currency has recently made a strong upward move, and it seems that its price will rise above $200. I have drawn a simple and engaging chart to help you better understand this move. Thank you for your support and presence.
$SOL - Super BullishSOL looks like forming a Bullish Pennat formation and this is a Bullish Pattern.
I have possibiity for this formation and will be bullish if breakout from this formation.
The closest target for this formation is $322.
I feel very bullish for CRYPTOCAP:SOL , especially if the CRYPTOCAP:SOL ETF is approved and goes live... Just imagine that 🚨🚨
You can do Spot or Futures, just manage your own risk !!
Please DYOR before take a position and make a decision.
Solana USDT LongSolana has cleared all the supplies and retested the 120 level. With a SL of 118, one can go long for a target of 205 and beyond.
SOLUSDT, Tue 16 Jul, I was Wrong!I have been wrong for the past few weeks.
My price range should be between 210 and 112.
That's why I couldn't see the discount and premium area properly in the chart.
And I was constantly looking for short positions.
I considered the price range from week to week, in other words, only the 7-day price range, and this mistake made my point of view only a short position.
This is what I learned from the losses of the past few weeks:
- Below the price of 161, I am in the discount area and I should have been looking for a long position.
- When the price enters the premium area, I should look for swings "high" in the daily time frames. in areas between 62% and 78% Fibo.
I marked these points in the chart from 1 to 3 in red.
I also identified a black dot, but I have doubts about it.
- Maybe in the premium area, if the price crosses these points indicated in the chart, a short position can be taken.
It should be noted that the above content is my opinion and analysis of price action and market movement prediction and it could be wrong.
The above content is not an offer to buy or sell or trade and is only an educational aspect to understand more about ICT concepts.
I will welcome the opinions of friends in this regard.
20:22
SOL long short term?Hello everyone,
Solana is showing good signs of bullishness short term. However, even if there is a continuation bullish pattern in place, this might not be bullish due to the current market situation.
Do not buy until a clear breakout is in place as well as having a clear understanding of what the next major trend is going to be.
Seb.
SOLANA IS GETTING GOOD LIQUIDITYHI TRADERS ,
i think solana is resting in corrective wave 4 in impulse waves, and we can still expect a impulse wave 5 for breaking the previous ATH.
wave 4 can also be a flat or expanded flat in upcomig days.. we will wait and see.
i think solana can reach to 300$ and 500$ in long term period based on elliot and wave theory
#DYOR
STAY SAFE GUYS
SOLANA - SOLUSDT 3 clear Bullish patterns! Dear Friends,
I’m excited to share a simple analysis of SOLANA with you once again.
At first glance, the whole chart looks bullish to me, and here’s why:
1. Bullish Descending Broadening Wedge Pattern
2. Bullish W Pattern
3. Triangle in an Uptrend = Bullish
Target: 260 / 1400 USDT.
There's also a head and shoulders pattern visible, which in my opinion will not work out.
When a head and shoulders pattern fails, it can act like a rocket, with prices shooting off in the opposite direction. This can often be more profitable than trading the classic head and shoulders pattern.
While the head and shoulders pattern might tempt some to go short, remember that Solana is a top-tier coin. We’re currently in a bullish phase of the market, which aligns with Bitcoin’s halving cycles.
So, please be cautious about going short in this market phase and be extremely careful with futures for the risk of liquidation. Spot trading is safer and in case of a manipulated spike you still have your coins!
Happy trading and good luck!
Disclaimer: This is my personal view, not advice to buy or sell. Always do your own research!
**** For private /custom analysis, contact me ****
SOLUSDT, Mon 15 Jul, (Part 2)If price cross the 50% Fibo.,
And If the Market Structure shift will be formed,
May I will get short Position!
