Symmetrical TriangleSolana has been the liquid leader this cycle and appears to be tightening up in a symmetrical triangle. Expecting a breakout attempt in coming weeks with ATHs not too far away.
Valuation comp is Ethereum MC
SOLUSDT.P trade ideas
SOLUSDT, Wed 26 Jun!Based on the analysis at the beginning of the week and also what I expected,
The price rise up. It crossed the High of Saturday and Sunday, but did not exceed the High of Thursday last week.
It only touched 50% of the one-hour candle`s wick on Thursday last week.
It seems that it will not fluctuate much today, and only with a little patience will we find out if it will go higher than today's High or not (which I don't think it will go higher).
I expect that tomorrow we can witness a fast and sharp downward movement.
And Then.....
Wed 26 Jun - 08:37
SOL reaction to the news or reclaiming support ?SOL / USDT
Price reacts strongly with rumors about SOL ETF
We can see in chart price is back above horizontal and non horizontal Supports again
If SOL will able to hold the current support in next few hours/days we will consider the previous action as stoploss hunt and strong recovery is possible
Invalidation: loss the support again
Keep it under ur radar
SOL/USDT As the market rebounced, my radar went quickly into solana token that's juicy and wanna push forward. unless failed to break at the ultimate resistance situated on chart
Solana Price UpdateSOL Update in the Daily Timeframe.
SOL in the daily timeframe is holding strong support at $128, and we are likely to see a 25% to 35% bounce-back in the upcoming days.
The invalidation point will be a daily close below the $128 support level.
Leverage trading with 2x to 3x and a stop-loss below the support level can be considered a risk-taking strategy.
Do your own research. Not financial advice.
SOL UPdateSOL: as seen here, the 1st Target has been hit. And it was fast. So, congrats!
Now, since we broke Res.Zone, I may assume we may go to next level.
GL
LONG #SOLUSDT the upward movement will continue1h TF. The coin is once again approaching resistance levels. Locally, there is an increase in volumes and an uptrend pushing up price lows. After 3 levels, I expect to see the stops of the participants' shorts in a few touches, due to which the upward movement will continue.
I will wait for the formation of consolidation near the level, the acceleration of the tape and the increase in volumes before the breakdown.
Solusdt1H I believe market in this fed days have some move to the upside before we move down more. I don’t think market just ready yet for big move to the upside . Potential long position for short term
Update on SolanaBe careful with your SOL since on the daily chart it's forming upside down "cup and handle" pattern which can cause sell off down to $45.
SOL - LongI hope the market will respect this analysis!
Please have capital and risk management!
Just Use Lev. 2 or 3!
Entry: 116.5
TPs: 125.5 - 135.5 - 147.5
SL: 107
JUST TRADE WITH WAVES...
SOL ANALYSIS🚀#SOL Analysis :
🔮As we can see in the chart of #SOL that there is a formation of Descending Channel Pattern. #SOL is consolidating in a descending channel.... currently waiting for breakout the pattern. Incase of successful breakout...... we can expect 30% bullish wave in coming weeks📈📈
🔰Current Price: $135
🎯 Target Price: $175
⚡️What to do ?
👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits⚡️⚡️
#SOL #Cryptocurrency #TechnicalAnalysis #DYOR
SOL SOL mitigated this orderblock (1) and moved down. Currently facing order block (a). This order block (a) was small resistance zone. If this zone was fail, SOL moving upside.
Order block (2&3) was next support zone.
SOLUSDT 1DSOL ~ 1D
#SOL So far this support has been able to hold the price of COINBASE:SOLUSD from falling further.
We are still Bullish on this Coin. with a long term target of 2x-4x, maybe
2nd Trade Sol LongDon't know how this will play out, but i'm currently seeing the market as bullish. I'm just a newbie trader risking just a low percentage of my account.
SOL - Breakdown CompleteFrom our predicted breakdown target of Solana from $170 to $120 was just completed.
We came within $2 of our predicted bottom for Solana that we made a couple weeks ago!
As long as Solana doesn't flip the $140-150 level into new resistance then we should expect continued upwards price action towards new all time highs.
$SOL - Daily Support Zone #SOL Perpetual - Long
Looking for an upward retracement off the Daily Support Zone.
Solana (SOL): Preparing for Further CorrectionsInitially, we entered Solana at $80 and have been pleased with our position. However, upon reevaluating our scenario, we believe that the larger Wave II may not be complete, and we could see further downside. Therefore, we have decided to adjust our stop loss to avoid being prematurely stopped out, especially if Wave II is not yet finished. This adjustment is based on our long-term belief in Solana's potential.
We anticipate that Solana might fall to the range between $92 and $51, with $51 being the absolute maximum downside level. In anticipation of further corrections, we plan to place a second entry at the 127.2% Wave C level, expecting a significant rise post-correction.
Quarterly VWAP Analysis
In the current situation, the 2024 Q1 VAH (Volume Area High) is acting as resistance, while the current range is defined by the 2024 Q1 VWAP at $126, which has been touched twice, each time forming lower lows. If Solana loses the $126 support level, the next significant range is between $91 and $82. This aligns well with our second entry target at the 2024 Q1 VAH and the 2023 Q4 VAH. In the worst case, a further drop could take Solana down to around $60.
To achieve a bullish reversal, Solana needs to reclaim the $126 level and push upwards. Breaking above $161.9 would signal strength, and surpassing the $210 mark would confirm a bullish trend continuation.
In conclusion, we remain open to further downside to the $91-$82 range for a potential second entry. Holding this range is crucial to avoid deeper declines towards $60. Conversely, reclaiming $126 and breaking above $161.9, and eventually $210, would indicate a strong bullish reversal.
Solana Potential DownsidesHey Traders, in today's trading session we are monitoring SOLUSDT for a selling opportunity around 139 zone, Solana is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 139 support and resistance area.
Trade safe, Joe.
SOL MARKED STRUCTURE SHIFTED INTO BULLISH | READY FOR 200$.Whole market was struggling in recent days. If we look at SOLUSDT chart then it has taken higher time frame poi with liquidation hunting wick. Now has broke through recent high and did clear market structure shift into bullish side. So as MSS has been done so we are looking for FVG and Sell side liquidity to build long position, which I have marked onto the chart as well. You can keep eye on that marked FVG and SSL.
SOLUSDT - ShortSol Usdt and the entire eco looks bearish for now.
Will be looking for shorts on a retest along the trendline with a close SL.
SOLUSDT, My strategy for this week!My strategy is simple
Solana's price movement has been formed from point 1 to point 2.
I will wait until the price reaches point 3 and if a suitable setup is formed, I will take a short position.
And I expect this setup to be based on this formula:
Entry point = X
Target = (X - 10 Sol)
