Soloana Short Postion 188.15 See Chart Soloana Short Postion 188.15 See Chart Explain the Reason And See other Buying zong
SOLWETH_2AF65C.USD trade ideas
Solana Surges %10 Percent as Trump Leads in 2024 Election PollsFxNews — Solana rose 10% on Wednesday as Donald Trump led Harris in 2024 election polling. The price surged from $155.1, peaking at $188.2 before easing. Bears briefly pushed SOL below the October 29 high of $183 but couldn’t hold ground.
Currently, SOL/USD trades around $185, with RSI and Stochastic in the overbought zone, suggesting short-term overvaluation. Going long at this level is not advised. A wait for consolidation near the 61.8% Fibonacci level at $175 or the 38.2% level at $167 offers better entry points for bulls.
The uptrend holds as long as SOL trades above the 100-period moving average, with a potential target at the July 29 high of $194.
Support : 183.3 / 175.0 / 167.0
Resistance : 188.2 / 194.0
Solana 215 Long TargetCurrently looking Long to $125
Inverse Head and Shoulders
currently on neckline looking to breakout, but be cautious as it CAN go as low as $130s and still stays valid in between blue lines
Good luck
Solana (SOL) Bullish Setup Gaining MomentumTechnical Overview:
Ascending support trendline: Solana (SOL) has maintained a consistent upward trajectory since September, forming higher lows that reinforce the bullish trend.
Resistance Zone: SOL is now testing the critical $180-$190 resistance area, which forms part of a saucer formation, a pattern that often precedes strong upward moves.
Key Levels to Watch:
Resistance: $190 (critical breakout point)
Targets: $220 (previous high), $275-$280 (extended bullish target)
Support: Ascending trendline, below $180.
Outlook:
A break and close above the $190 level could ignite a major rally, with the next significant targets around $220 and potentially $275-$280 if momentum continues.
With the current technical setup favoring bulls, the risk-reward is attractive for those looking to ride the next leg up.
#Solana #SOL #PriceAction #Bullish #CryptoMarket
Solana Technical AnalysisFxNews —Solana is trading bearishly below the 100-period SMA, with immediate resistance at $168.50.
The SOL/USD trend outlook will remain bearish as long as bears hold positions below $168.50. In this scenario, the next bearish targets would be $158.00, followed by $152.00.
Please note that a close above the immediate resistance would invalidate the bearish scenario.
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that.
SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it.
The project is amazing, and it's on SALE!
So, I am holding and adding even more @ $5 .
Yeah... when people are panicking, I buy. :))))
My Technicals:
* Elliott Wave A-B-C Pattern
* Double Bottom
* Demand Zone
* Double Bottom
* Fibonacci Retracements
The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23.
Good luck getting rich! :D
SOLUSD UPDATEI am reposting because there has been a huge move downward will wait for a second candlestick before I make a move. I want to see a second candle stick in going down and then I'll maybe make a play. But so far, I like what I see.
Solana: Short term -> breaking out!Solana got rejected at $180 after touching a very important resistance of the past months.
It will probably go to around $172/173 in my opinion, which is both 0.618 fib extension and also a previous support line.
I don't think it will go much higher than that, and that we are in a larger bigger downtrend which has just started. Check out last week candle, both for Solana and Bitcoin, it speaks for itself.
Good luck everyone!
Be patient, don't be greedy.
i am short solana, not sure how long i'll hold it but want trackas the title says i am shorting the soylana probably a dumbass idea but ive entered now so there's no going back
Solana (SOL) Weekly AnalysisSolana is currently moving within an upward channel pattern and approaching resistance at the 199.71 level. If this resistance successfully holds back the bullish momentum, there is a possibility that Solana may correct to the Fibonacci levels around 174.92 - 170.13 before continuing its bullish trend.
SOLUSD Still a long way to goCatch the ride it might cool off soon but I bellieve it will take off again this week will be absolutely bonkers. Due to Trump winning the election the future is looking bright for my paper trading pockets.
Solana Targets $249 After Breaking Key Resistance LevelSolana prices have finally broken out of a descending triangle, pushing and closing above the trend line at $178.60 per coin. In the short term, if there’s a correction toward $181.44 and it does not dip below $168.48, traders are likely to buy this dip, aiming for the $249 target level.
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$solana long $solana currently on support , with btc reclaiming 70k support sets a good precident to look for longs . set clearly shown in chart
SOLUSD Gives a Buy-The-Dip-OpportunityThe current correction in SOLUSD is attracting buying interest. The indicator shows divergences in both the RSI and the CumulativeVolumeDelta. This opportunity offers a good short-term chance for a long entry. We select the area of the bearish wicks between USD 167 and 168 as the target zone.
SOLUSD SELL ANALYSIS RISING WEDGE PATTERN Here on Solusd price form rising wedge pattern and now try to fall as the line 167.98 has broken there is a chance of moving down more so trader should look for SHORT and target profit of 154.53 and 138.83 . Use money management
Solana’s Cup&handle, Bullpennant, & symmetrical triangle targetsSolana already with a strong green candle on the Daly right now as price action is currently above the brown rimline of the cup and handle. Will be interesting to see how quickly it is able to confirm the breakout, still not completely validated yet but looking promising on the daily chart(not shown here). Since these patterns seem most valid on the monthly time frame it is going to take more than just one bullish daily candle close to confirm the breakout most likely. *not financial advice*
SOLUSD !!Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term.
SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar.
The price is now trading below $172 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a decent upward movement if it stays above the $165 and $162 support levels.
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout:
Click chart above to see the detailed analysis👆🏻
After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout.
Levels to watch: $120, $210
Keep your long term vision,
Philip (BasicTrading)
SOLANA (SOL) - Potential Bullish C&H!SOLANA (SOL) is currently forming a potential bullish Cup and Handle pattern on its weekly chart. This pattern is often seen as a bullish continuation pattern, indicating a potential uptrend.
Cup: The "cup" part of the pattern is a rounded bottom formation, suggesting a period of consolidation or accumulation.
Handle: The "handle" is a short-term pullback that forms a smaller, more shallow correction.
Potential Targets:
A successful breakout above the handle's resistance level could lead to a significant price increase.
Potential targets for SOL could be in the range of $340 to $420.
Key Support Level: A weekly close below $125 would invalidate this bullish scenario.
last short-term view before $200 and we traded from $31 since Oct 2023 remain 50% HOLD!
Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.
Best wishes to all,
we ask Allah reconcile and repay. 🙏
Outlook on SOL/USD 03/11/2024Pre Election analysis of Solana/USD
Bullish scenario:
If the current level holds as support and the price moves above the recent highs, it may target the upper zone around $188 or higher. Levels around $170-$175, appears to be a near-term top. We could see an extension towards the $188-$200 range, which aligns with both the monthly and daily upper targets. A potential retracement to the $140-$150 daily could offer a discounted entry opportunity, with a possible target back up to the $188-$200 zone.
$222 : Conservative target post-breakout above $200.
$249 : Key resistance, close to previous all-time highs.
$280 : Extended target for bullish continuation.
$345 : Target in a strong rally.
$453 : Long-term, ambitious target if SOL experiences a major bull run.
Bearish scenario:
If the price fails to hold above the trendline and begins breaking below $140, it could indicate a shift towards a bearish scenario. This could open the possibility for a retracement to deeper discount levels, potentially back to $118 or lower. If the price struggles to break above the $170-$175 zone and shows bearish reversals, it could trigger a deeper correction to retest the $140-$150 level or even the key $118 monthly support zone. Worst case scenario $98-$106.
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
Solana (SOL) - Potential for a Strong Uptrend Continuationhello guys.
Primary Trend Structure: The chart shows a classic Elliott Wave formation with an initial five-wave impulsive move (1-5) followed by a three-wave corrective pattern (A-B-C), suggesting the start of a new bullish cycle.
Current Cycle: The recent price action is part of a new five-wave cycle with waves 1, 2, and 3 already formed. Wave 4 appears to be forming, preparing for a final upward movement in wave 5.
Wave 4 Support Zone: The purple-shaded area marks a strong support zone, which could act as a launch point for wave 5 if prices retrace to this level. This support is in line with the typical retracement levels for wave 4, reinforcing its validity as a potential pivot zone.
Wave 5 Target: Based on Fibonacci extensions, wave 5 could potentially reach the 0.618 extension level, around the $680 zone, representing a significant upside from the current price.
Bullish Continuation Signals: Higher highs and higher lows are evident, which confirm a bullish trend. The price staying above key support levels strengthens the bullish outlook.
Risks: If prices break below the wave 4 support zone, the structure could invalidate the expected bullish wave 5 target, leading to a potential deeper correction.
Summary: The chart shows a potential bullish continuation in SOL, with a target in the $680 zone if wave 4 support holds and wave 5 unfolds as anticipated.
$SOL Long Set upsIf We Get A Move Down
50% retrace of this up move wouldn't surprised me. Week before the election might give us a good discount to add a spot/perp longs to.
The Plan
Try not to freeze in time and wait for a perfect set up to happen. Most times the set up isn't perfect, most cases all you see is panic and fear when that dip actually comes. You also might think it'll go lower. Execute your plan and stay to it. MY plan is to bid the retest of the range we broke out of. (6-7month range). Have a stop loss to the previous low. It's a bull market. SHORTING will get blown out. Think Higher.
Happy Trading & Good Luck.
