SOLWETH_2AF65C.USD trade ideas
Short trade
Trade Details for Sellside Trade
Date: 25th July 2024
Time Frame: 1 Hour (1Hr TF)
Entry Point: 182.51
Profit Level: 161.87 (11.31% decrease)
Stop Level: 183.79 (0.70% increase)
Risk-Reward Ratio (RR): 16.12
Short trade
Sell-Side Trade Details:
Date: 25th July 2024
Time Frame: 1 hour (1Hr TF)
Entry: 177.25
Profit Level: 161.96 (8.71%)
Stop Level: 179.00 (0.90%)
Risk-Reward Ratio (RR): 9.72
SOL to 300+ Kingmaker coinafter a long "wait", with BTC halving and some consolidation, i think its not long until crypto as a whole continues, and actually picks up the pace upwards
Looking at sol here, its not a lot of resistance before blue skies
I havent drawn the ath, but that is around 270.
Im looking for this to "melt" upwards. Not sure exactly when, but it will be a blast when or if it happens. Of course nobody knows. But tracking crypto now for 8 years, im getting more confident.
I dont think 300 the top, especially thinking of the previous 270.. just +10% on that is not enough, but in the relative "short term" i think we shall see 300-350
As for how high i believe it will top... oh that is high
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BTC is now around 67500, and this area is huge.. BTC could be done with a smaller 12345 and ab, so we might see a little pullback to c lower, that will again pull SOL lower as well.
In the bigger picture, this does not change anything or matter.
But it could add like a month sideways, which will be ok
SOL/USD Short-term Bullish ReversalAlright, let's break down this SOL trading idea.
So, we're looking at SOL, and it seems like it's lagging behind BTC by a few hours. BTC already had its pump off the double bottom, but SOL is just starting to form its double bottom pattern. This is a pretty bullish sign, especially in the short term.
Take a look at the chart. We've got a clear double bottom forming around the $165 mark, which is a solid support level. The price is bouncing off this support, setting us up for a nice retest of the R1 resistance level around $182.50.
Notice how the price action has been respecting the moving averages (those colored lines). The price dipped below but quickly snapped back above, showing strong buying interest. This kind of price action often leads to a breakout, especially when combined with a bullish pattern like the double bottom.
The lower wicks on the recent candles show that there's been buying pressure at lower levels, pushing the price back up. This is a good sign that the bulls are stepping in.
So, in short, SOL is looking to play catch-up with BTC. We're forming a double bottom, the price is respecting key support levels, and we have a clear target at R1. If we get a break and close above the R1 level, we could see a continuation towards higher resistance levels.
Keep an eye on the volume as well. Increasing volume on the upward move will confirm the breakout and give us more confidence in the bullish scenario.
That's the play: watch for the double bottom completion and a move towards R1. If BTC continues to hold strong, SOL should follow suit and give us a nice short-term bullish move.
This is just my take based on the current charts and market conditions. Always do your own research and consider multiple factors before making any trading decisions.
Always stay neutral, let the trend be your friend, and trade on.
Sol to Forming w.4 end of AugustLooking for Long Entry of Solana around 105+ $ level
Expecting Harmonic Bullish Gartley Pattern
Complex Correction of WXYXZ to form around 24 Aug-31 Aug 2024
SOLANA to new all time highs [$260]buying mid-range retest / bullish shift in daily market structure targeting new highs
been consolidating in this range for 4 months expect breakout in one direction soon
SOL VS ETHIm watching this fractal moves,
even the supply is different but
the reward was is good,
i think solana can survive,
the caause of this drop is because of
huge speculation and because of FTX
and ALAMEDA,
but the project is so good, so if price
reach $1+ im a buyer,
i think everyone should watch
solana.
SOL breakout towards $250+SOL has broken out of the pattern and also back tested the break and looks to clearly breakout and go higher. BTC is also primed to move. This is not financial advice, just tracking for my own personal portfolio, thanks.
Solana Steals the Show: Outperforming Bitcoin and EthereumWhile the cryptocurrency market has traditionally been dominated by Bitcoin and Ethereum, a new contender is emerging as a potential market leader: Solana. This high-performance blockchain platform has been making significant strides, outperforming both BTC and ETH in recent times. The question on everyone's lips is: Is this a sign of things to come for Solana in the remainder of this bull market?
Solana's recent surge can be attributed to several factors. Its robust network, capable of handling a high volume of transactions at lightning speed, has attracted a growing developer community. This ecosystem is rapidly expanding, with new projects and applications being built on the Solana blockchain. This increased activity not only enhances the platform's utility but also boosts investor confidence. scalability and low transaction fees has positioned it as a strong competitor to Ethereum, which has faced scalability challenges in the past. As decentralized finance (DeFi) continues to gain traction, Solana's ability to handle high transaction volumes efficiently is a significant advantage.
However, it's essential to approach Solana's performance with a degree of caution. While the recent surge is undoubtedly impressive, the cryptocurrency market is notoriously volatile. Past performance is not indicative of future results. Factors such as regulatory changes, market sentiment, and competing blockchain platforms could impact Solana's trajectory.
Additionally, it's worth noting that Bitcoin and Ethereum have their own unique strengths and advantages. Bitcoin remains the dominant digital currency with a strong brand recognition and a large, established user base. Ethereum, on the other hand, is the leading platform for smart contracts and decentralized applications.
While Solana's recent outperformance is undoubtedly exciting, it's too early to definitively declare it the next big winner in the cryptocurrency market. The crypto landscape is highly competitive, and new challenges and opportunities are constantly emerging.
Investors should conduct thorough research and consider diversifying their portfolios across multiple cryptocurrencies. It's essential to have a long-term perspective and be prepared for market fluctuations.
As the bull market progresses, it will be fascinating to observe how Solana continues to evolve and compete with its more established rivals. If it can maintain its momentum and address any potential challenges, it could solidify its position as a major player in the cryptocurrency ecosystem. However, only time will tell if Solana's recent success is a sustainable trend or a temporary blip in the market.
SOLUSD-BULL FLAG2YR:Tested and Rejected 2 Year Previous High
6M: Wick fill on 6 Months after higher timeframe test Reject
Note that this activities always leave a trend behind to anticipate the next Move, although not accurate it is probabilistic and with God risk Management few attempt to the Anticipated Movement will lead in high chances of Profit than loss:
3Months: Created a Pin Bar with 3 Bar Inside Bar , this is great opportunity to trade Support and Resistance Set Up, normally from Linda Raschke Lesson, a Range/pin after 3 Bull run normally leads to break and trend, hence we are expecting a break and altleast 3-5 trend capture on Daily and weekly. We don't hold for Months,
1 Week: Formed a 3 push or Head and shoulder
1Day: 1-2 RTM as on Bitcoin and expecting a trend bullish today and trail stop expecting for test and break of previous high follow through
SOL Rising Wedge pattern can go upto 155SOL looking Bullish making the rising wedge pattern on Top and now its making LH and LL to determine it faith that is 155.
I see this to get corrected till 150 in short run
Solana Soars: Can It Break Through to $200?Solana (SOL), the high-performance blockchain platform, has been making waves recently with a 5% price surge. This uptick has ignited discussions among investors: can SOL reach the coveted $200 mark? Let's delve into the technical analysis and market sentiment to assess this possibility.
Breaking Through Resistance: A Positive Sign
The recent price action for SOL is encouraging. The token successfully surpassed the crucial $175 resistance level, a significant hurdle that often acts as a barrier for further gains. This breakout suggests a shift in market sentiment, with buyers becoming more confident and pushing the price higher.
Technical Indicators Offer Support
Beyond the resistance level, technical indicators provide additional reasons for optimism. The price is currently trading above the 100-hourly simple moving average (SMA), which is a technical indicator that gauges the average price over a specific timeframe. This indicates a potential uptrend, as the price is positioned above the average price of the past 100 hours.
Bullish Trend Line Offers Guidance
The formation of a bullish trend line on the hourly chart adds another layer of technical support. This trend line acts as a floor, preventing the price from falling too drastically. As long as the price remains above this line, the uptrend remains intact.
The $185 Hurdle: Key to Reaching $200
The next major obstacle for SOL is the $185 resistance level. If the bulls can muster enough strength to break through this barrier, it would pave the way for a potential surge towards the $200 target. Higher trading volume accompanying this breakout would further solidify the bullish momentum.
Market Sentiment Plays a Role
Technical analysis is a powerful tool, but it's not the only factor at play. Market sentiment significantly impacts cryptocurrency prices. Positive news surrounding Solana's ecosystem, partnerships, or technological advancements could fuel a buying frenzy, propelling the price towards $200. Conversely, negative news events or broader market corrections could dampen enthusiasm and hinder the climb.
External Factors to Consider
The overall health of the cryptocurrency market also plays a significant role. If Bitcoin (BTC), the leading cryptocurrency, experiences a strong rally, it can often lift the tide for other altcoins like SOL. Conversely, a Bitcoin price slump could drag down the entire market, impacting SOL's trajectory.
Conclusion: A Promising Climb, But Caution Advised
Solana's recent price action and technical indicators paint a promising picture. The $200 target is certainly within reach, but several factors need to align for it to become a reality. Overcoming the $185 resistance, positive market sentiment, and a supportive overall crypto market are crucial. Investors should exercise caution and utilize proper risk management strategies, as the cryptocurrency market remains inherently volatile.
By closely monitoring technical indicators, staying informed about relevant news developments, and keeping a pulse on market sentiment, investors can make informed decisions about their SOL holdings.
SOLANA: Potential Bullish ContinuationIchimoku looks like it's about to change trends (lower chance) or maintain the current bullish trend. This is supported by the recent trendline break, but with price now reaching near the last local high we are coming on strong resistance. Looking to see how price reacts to the area it's currently in as any bullish momentum could be aggressive to the upside with an ATH so closeby
SOL Breaks DTSOL breaks above the diagnal resistance line of the decending triangle. Watch for a bounch off this line and to hit key levels or resistance at 203 and 258. If the diagnal doesn't hold, watch for support at 122.
Solana (SOL)Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction is unfolding in an inverted wedge pattern. We have to wait for the price to break this pattern upward. Let's see what happens.
Solana weeklyI believe Solana and other crypto majors are going to see another parabolic run as detailed in this chart
SOL:USD Weekly Cup n' HandleWeekly chart. Cup and handle forming for a more macro trend trade. Last candle is a beastly one. Long on this trade and expect new highs soon.
SOL is SAILING 2DAY :) Numerology its (8Day#MONEY)You can expect SOL to continue to climb chasing value. You can see its going up as the RETAIL sector is still holding short positions on the daily timeframe, so upper sectors will continue to pump until they are flipped to long at which point we. will get a short swing on SOL and BTC as well. Saturday Green Day for sure. Sunday end of cycle and possible RED.
Solana / U.S. Dollar _ Next _ Distribution _ Price: Solana / U.S. Dollar _ Next _ Distribution _ Price:
Retest: $165.56 , $161.9
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Execution price: $177.56
