7.28 SOL still going GREEN I’ve shown the value areas, the descending channel along with the retest of the channel from the breakout. The buy zone the short zone and the upper side target.
SOLUSDT trade ideas
SOLUSDT.PPrice has breakup the accumulation zone in a form of simetrical triangle. Currently, by the time periods we did't retest an upper boundary of that triangle properly. Two zones of interest are mentioned on chart. Second one placed there, as the retest of such long accumulation zones are quite fast and first level could be pricked.
DYOR
SOL/USDT Outlook ICT ConceptsSolana (SOL/USDT) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on SOL/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
We expected a market structure shift after the sweep of the previous month's low, which occurred. The Intermediate Fair Value Gap (IFVG) held the price, leading to an expansion higher into the previous month's high.
📍 Current Market Overview:
The current price is around 184.18. We recently swept the previous week's high and are close to the buy-side liquidity (BSL) above the chart.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• Minor SSL: Minor Sell-Side Liquidity
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
• Current Price Position: The price is trading around 184.18, close to sweeping the buy-side liquidity (BSL).
• Key Levels Swept: The price has taken out the previous week's high and is near the BSL.
• Potential Retracement: Anticipate the price to start moving lower from here, or wait for the BSL to be taken before looking for short positions.
Long Position Scenarios:
• For a long position, wait for the SSLs below the chart to be taken, then look for long opportunities.
A riskier long scenario involves a sweep of the Minor SSL, followed by entry on lower time frames targeting the BSL above the chart.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Sweep of Minor SSL: After sweeping the Minor SSL, look for entry on lower time frames targeting the BSL above the chart.
• Protected Lows: The SSLs below the chart act as protected levels, supporting a bullish continuation after being taken.
📉 Bearish Scenario:
A bearish scenario is likely if the following conditions are met:
• Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement.
• Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely.
📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially sweep the Minor SSL, retrace lower, and then look for long entries targeting the BSL above the chart. Alternatively, wait for the SSLs to be taken before looking for long opportunities.
• Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated.
🙏 Thank you for joining us!
Exploring SOL/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
SOL target 3354h time frame
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TP: $335
SL: $139
RR: 7.29
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(1) Following our previous analysis (created a continuation structure)
(2) Better to test demand zone and fib 0.618 at $162
(3) Final target is $335, which is overlapping with two fib projection techs
(4) Stop loss while breaking down back this triangle structure
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Previous analysis
BTCUSDT & SOLUSDT, Sun 28 JUl, Another Short Scenario !Happy Sunday!
Another short Position for SOLUSDT
Entry Below Weekly Opening and Pre. Monday` High!
Target =Y
Entry= X
Y= X-10
Happy Trade!
SOL Gol📊 Analysis by AhmadArz: SOLUSDT Technical Analysis Using Price Action
This analysis utilizes the Price Action method and descending channel lines. Here is a detailed explanation of the SOL/USDT trading signal, which can help you determine appropriate entry and exit points in your trades.
🔍 Entry Point:
The entry point occurs when the price breaks above the descending channel line (blue line) and confirms with a strong bullish candle. Typically, this happens with a significant bullish candle closing above the channel line. Therefore:
Suggested Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
🛑 Stop Loss:
The stop loss should be placed at a level where, if the price reaches it, the likelihood of further decline is high. This point is usually below strong support areas. Therefore:
Suggested Stop Loss: 120.80 USDT (below the lowest swing) 🚫
🎯 Take Profit:
After entering the trade, setting price targets is crucial to optimize your profit. In this analysis, several Take Profit (TP) levels are identified, each with its own rationale:
TP1: 127.72 USDT 💰
Reason: This level is close to the entry point and serves as the first short-term target. The goal is to lock in short-term gains and reduce risk.
TP2: 142.43 USDT 🔄
Reason: This level is near the previous descending trendline, which may act as resistance. This is a suitable target for a mid-term exit.
TP3: 149.20 USDT 🚀
Reason: This level is a strong previous resistance where the price might react. Breaking this level could lead to further upward movement.
TP4: 157.55 USDT 📈
Reason: This level is near a key resistance where the price has reacted multiple times before. Targeting this level indicates a high likelihood of price reaction.
TP5: 163.98 USDT 📊
Reason: This level is near the highest price level in the recent period. If the price reaches this level, it is likely to stabilize.
TP6: 174.65 USDT 🌟
Reason: This level is a long-term target and the highest resistance level in the analysis. Reaching this level could indicate further potential for higher prices.
📊 Signal Story:
This analysis shows that SOL/USDT is moving within a descending channel. If the price can break above the descending channel line and confirm with a bullish candle, it is likely to move towards higher targets. Therefore, the suggested entry point is around 127.90 USDT. 📉
The stop loss is placed below a strong support area to prevent significant losses if the price moves downward. The Take Profit (TP) targets are specified in sequence, which can be used to set exit points. 🚫
💡 Key Points:
Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
Stop Loss: 120.80 USDT (below the lowest swing) 🚫
Take Profit Targets (TP):
TP1: 127.72 USDT 💰
TP2: 142.43 USDT 🔄
TP3: 149.20 USDT 🚀
TP4: 157.55 USDT 📈
TP5: 163.98 USDT 📊
TP6: 174.65 USDT 🌟
🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀 Please boost and 💬 comment to share your thoughts with us!
BTCUSDT & SOLUSDT, One Short Scenario for Friday!(Updated 2)In NY session, The setup I am looking for, was not formed.
Lets see what happens in PM Session!
I dont expected the price hit the Monday High!
Anyway, some must happen in PM session!
As i mentioned before, I am looking for Short Position!
Wish Low-Loss Trade!
SOLUSDT & BTCUSDT Price Action and Short Setup on Saturday!I never thought that this would happen on Saturday.
Now the components of my setup are being formed.
- Monday High is hit.
- Low week (Thu`s Low) has been Marked.
- The price has not reached the "High" of the previous week.
- Our price range has been determined and we have also drawn a 50% line.
- The price fell sharply in NY session.
- But Bitcoin did not fall sharply.
Result:
I'm waiting to see if the price hits the FVG after reaching the 50% fibo and pullback (upwards) and then starts its downward movement again.
SOLUSDTAfter success breakout , Solana now trying to Retest the line and conceder it as a support ,
if its valid retest we might see a long and hit targets 204 , 213 on short term .
watch closely for the daily close ! keep in mind MTGOX claimers might sell full or some of their holding .
SOL Double TOP, What its means????? Its sell time SOL ha made the Double Bottom in 1 day.
Making Bearish Divergence at the bottom which strong indicates that we should sell the position immediate.
I will consider Solana around 80$Blue Line - All time high ( 260 )
Green Line - Interest zone ( 116, 90, 80 )
As you can see triangle pattern spotted in a daily timeframe, and successfully break the upper resistance channel with wickless Bull candle in a weekly timeframe. It is a huge confirmation to hit All-Time high in near future. If BINANCE:SOLUSDT able to close candle above 260 in either a weekly or monthly timeframe I would consider short trade until 90-116 range. 80-95 range is crucial support zone to hold in a monthly timeframe, which means BINANCE:SOLUSDT must close a candle above 80 in a monthly timeframe. But remember we can reach 50-70 range in a weekly timeframe.
SOL ANALYSIS🔮 #SOL Analysis 💰💰
🌟🚀 As we can see that #SOL is trading in a symmetrical triangle and given a perfect breakout and already retest the major support zone. If #SOL breaks the descending trendline then we will see a good bullish move in few days . 🚀🚀
🔖 Current Price: $182.30
⏳ Target Price: $207.77
#SOL #Cryptocurrency #DYOR
SOL Technical Analysis: Navigate Price Levels for SuccessThe chart shows three major areas of support and resistance: Green zone at $118.39 - $128.52, Blue zone at $198.74 - $210.55, Yellow zone at $153.09 - $155.57, and two levels at $184.41 and $163.20. These zones and levels are important because they indicate zones where the price has previously seen considerable buying or selling pressure.
The Green zone has served as a key support area. The price has previously experienced significant purchasing activity in this area, resulting in substantial reversals. This means that if the price fell to this level again, it would likely face significant buying pressure. The Blue zone at $198.74 - $210.55, is a strong resistance area. Historically, the price has been facing selling pressure in this zone, making it an important region to monitor for potential reversals or breakouts.
Currently, the price is on the Yellow support zone. The price is consolidating between resistance at $163.20 and this yellow zone support. A clear break and close above the resistance at $163.20, especially if supported by increasing trading volume, may indicate a bullish move. A descending trendline from previous highs also indicates that the price is in a bearish trend. A breakout above this trendline, along with a breach of the resistance level, would be a strong bullish signal, indicating a possible shift from a bearish to bullish trend.
The chart's key level and zones give an overview for predicting future price movements. A bullish scenario might involve a break out of the resistance level at $163.20 and the descending trendline, resulting in an upward trend toward the next resistance level at $184.41 and if the momentum continues we might see the price move towards the blue resistance zone.
A bearish scenario would be indicated by a failure to hold the yellow support zone and a further drop toward the green support zone. Monitoring these important levels and the related volume will provide useful information about the future price trend
SOLUSD Next Move ~$200+ After reaching the $185 mark, Solanium headed for a correction.
Within the channel there was a decline to the lower boundary
The 4th wave basically always comes in the range of the 4th wave of a smaller degree
The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range
According to the wave theory, all the necessary conditions for correction have been met and Solanium is most likely moving within the 5th wave to the $200+ mark
SOL - analysis with several indicators (12H)Technical Analysis of SOL/USDT
Overview
The provided chart is a 12-hour timeframe for Solana (SOL) against USDT on Binance. Various technical indicators are included, such as Bollinger Bands, MACD, Volume Oscillator, Money Flow Index (MFI), Average Directional Index (ADX), and Directional Movement Index (DMI). This analysis will focus on these indicators to understand the current price action and potential future movements.
Price Trends and Bollinger Bands
Price Movement: The current price is around $178.69, with recent highs close to $200. The price appears to be trading above the middle Bollinger Band, indicating a bullish bias in the short term.
Bollinger Bands:
The bands are expanding, suggesting increased volatility. The price recently touched the upper band and is currently consolidating, which may indicate either a pause before further upward movement or a potential retracement.
Moving Averages and Trendlines
Trendline: There is an upward trendline indicating a general bullish trend over the analyzed period. The price has respected this trendline multiple times.
20 SMA (Bollinger Band):
The 20-period Simple Moving Average (SMA) within the Bollinger Bands acts as a dynamic support level. The price trading above this SMA suggests continued bullish momentum.
MACD (Moving Average Convergence Divergence)
MACD Line (Blue) and Signal Line (Orange): The MACD line is above the signal line, which is a bullish signal. The histogram is also in positive territory, reinforcing the bullish momentum.
Potential Crossovers: Any potential bearish crossover should be watched closely, as it could indicate a shift in momentum.
Volume Oscillator
Volume Trends: The volume oscillator shows a decrease in volume (-15.75%), indicating that the recent price movements might lack strong support from trading volume. This could suggest a potential weakening of the current trend.
Money Flow Index (MFI)
MFI Level: The MFI is at 55.57, indicating that the asset is neither overbought nor oversold. This suggests that there is still room for upward movement without immediate risk of a strong reversal due to overbought conditions.
Average Directional Index (ADX)
ADX Level: The ADX is at 31.26, which suggests a strong trend. An ADX above 25 typically indicates a strong trend, whether bullish or bearish. In this context, it supports the current bullish trend.
Directional Movement (DMI):
+DI (Blue) and -DI (Red): The +DI is above the -DI, indicating that the current trend is bullish. The gap between the two lines suggests the strength of this bullish trend.
Potential Scenarios
Bullish Scenario:
Continuation of Uptrend: If the price continues to respect the upward trendline and remains above the middle Bollinger Band and the 20 SMA, we could see further upward movement towards $200 and potentially beyond.
Support Levels: Immediate support can be found at the 20 SMA and the trendline, around the current levels.
Bearish Scenario:
Retracement: If the price fails to hold above the middle Bollinger Band or if the MACD shows a bearish crossover, a retracement to the lower Bollinger Band around $150 could occur.
Volume Confirmation: A decrease in volume supporting a downward move would confirm a potential bearish scenario.
Neutral Scenario:
Consolidation: The price might consolidate between $160 and $190 before making a decisive move. During this period, traders should watch for a breakout or breakdown from this range to determine the next significant move.
Conclusion
The current technical indicators suggest a bullish bias for Solana (SOL) against USDT, with strong support from moving averages and trendlines. However, the declining volume oscillator and neutral MFI levels indicate caution. Monitoring the MACD for potential crossovers and the ADX/DMI for trend strength will be crucial in confirming the continuation of the bullish trend or signaling a reversal.
SOLUSDT: BRREAKOUT & RETEST CONFIRMED!!SOLUSDT appears favorable for a long position or spot hold. SOLUSDT has broken out of a symmetrical triangle pattern.
The breakout and subsequent retest appear to have been completed, suggesting that every dip could present a buying opportunity. The entry zone is indicated on the chart, with potential gains of nearly 122% for futures and hold suggestion for spot traders.
Stop loss is around $149.13.
What are your thoughts on this analysis? Feel free to share your insights in the comments!
Sol/Usdt Plan SOL/USDT chart is looking good on the daily timeframe with a bullish flag pattern possibly forming. There is anticipation of a price bounce and breakout imminent. Watch for the breakout of a small trendline which may precede a significant move towards the bullish flag's resistance zone. It is important to conduct your own research and analysis as this is not financial advice. Stay tuned for potential positive developments in the SOL/USDT trading pair.
BTCUSDT & SOLUSDT, One Short Scenario for Friday!(Updated)Lets see whats Happens in NY Session Or PM Session!
If I see the short setup, Try to trade!
Lucky Trade!
SOLANA Pattern FormationBased on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin is now forming a bearish flag, which IMO is a strong indicator for a potential bull run
Let us wait for the price to test the resistance zone so that we can have a clear entry position.
sol usdtSol usdt is bieng bullish despite the drop in btc in the previous days. keeping that in view, now when btc having a minor relief rally to the upside we can assume sol to aggressively touch 183. From there we can expect a reversal. Lets see how it goes
SOLANASolana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
