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SOLUST trade ideas

SOL - Wait for Solana's ETF!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 SOL has been bearish trading within the falling channel pattern marked in red. Moreover, the $100-$115 is a strong support and demand zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #SOLANA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
#SOL Unlocking Potential: The Perfect Entry Point for Profits **Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
SOL down to 59$-60$ on "hidden" SHS patternSolana has printed weekly hidden SHS with bearish divergence present. Measured target past time it happened held the key to exact bottom, and this time could be the same. In my theory, because I know Vitalik posted on exact bottom of Solana, he must've had that bearish target and took profit on his shorts, reversed and got his bottom. Perfect trade by VItalik. Now its time for us to do it. Im selling, not shorting, and will wait for this to play out. I have even more bearish ideas on BTC, but thats different story.
Short
by TheChartWhisperer
1
Detailed SOL Technical AnalysisLet's dive deeper into the technical analysis of the SOL/USDT chart. We will analyze each aspect of the chart in greater detail, including support and resistance levels, trend lines, moving averages, and price action. The price of SOL is currently trading at $147.76.The sol breaks its resistance level at $138.01 and now makes its support. After rejection from the trend line and resistance zone(Pink) at $167.65 - $175.42 it falls at the support zone (Green) at $113.72 – $126.94 and now bounces from here. The price has been trading on the EMA 200 (Black) is showing a bullish trend. Support and Resistance Levels Support and resistance levels are crucial in technical analysis as they indicate potential price reversal points. Support Zones (Green) $113.72 - $126.94 This level has previously acted as a strong support, where buyers have consistently stepped in to prevent the price from falling further. Support Level at $99.62 This is another critical level where buying pressure might re-emerge if the price falls below the major support. Support Zone (Yellow) at $75.11 - $79.81 This yellow zone represents a strong support area, providing a cushion if the price experiences a significant decline. Support Level at $138.01 This level is the current support. The price could retest this level. Resistance Zone (Pink) at $167.65 - $175.42 This zone indicates a significant resistance that could pose a challenge if the price moves higher. Resistance Zone (Blue) at $199.65 - $212.99 This zone marks a significant resistance area where the price previously faced strong selling pressure. Exponential Moving Averages The price is currently above the 200 EMA, which is a long-term bullish signal. The 200 EMA often acts as dynamic support or resistance, and trading above it suggests that the overall trend is positive. Descending Trend Line The trend line from the recent high indicates a downward slope, representing a resistance trend line. This trend line could act as resistance if the price approaches it again. Price Action Recent Movement Currently, the price is trading at $147.46 at the time of writing. The price has bounced off the major support zone (Green) and EMA 200. Now the price breaks out from the $138.01 level. Volume Analysis At the time of writing the trading volume is at 3.622M, indicating significant trading activity and interest at the current price level. Observations - Currently, the price breaks the $138.01 resistance level and makes it a support. - If the price holds above this level, it could trigger a bullish run towards the next resistance zone(Pink). - If the price fails to hold this support, it could fall back towards the support zone(Green). Potential Scenarios There are 2 scenarios Bullish Scenario If it holds the support level at $138.01, we could see the price targeting the next zone(Pink) and the trend line. If the bullish momentum continues and breaks above from Pink zone and the trend line, we could see the price will reach a higher resistance zone in Blue. Bearish Scenario If the price fails to hold the $138.01 support, it could fall back to the support zone in Green. If the price breakdown from the major support zone Green could lead to a further decline toward the support at $99.62 and possibly it could break down further to the next support zone in Yellow. The last zone is marked on the chart. Technical Indicators Based on technical indicators on a daily time frame The relative Strength Index (RSI) value is at 51.32 (Neutral) Momentum is at 4.45 signaling a (Buy) MACD Level (12, 26) is at -6.04 signaling (Buyl) Exponential Moving Average (50): 150.60 (Sell) Exponential Moving Average (100): 148.58 (Sell) Simple Moving Average (100): 159 (Sell) Exponential Moving Average (200): 130.40 (Sell) Ichimoku Base Line (9, 26, 52, 26): 148.80 (Neutral) Volume Weighted Moving Average (20): 141.98 (Buy) Hull Moving Average (9): 139.71 (Buy) Interpretation The oscillators are neutral, and the moving averages' strong buy signals suggest that the overall sentiment for SOL/USDT is bullish, with an expectation of upward price movement in the near term. This could be an opportune moment for traders to consider entering a buy position, while also being cautious and monitoring for any shifts in market sentiment. Conclusion The overall technical analysis for SOL/USDT suggests a neutral sentiment with mixed signals from oscillators and moving averages.
Long
by TheCryptoCity