A cup and handle?Been watching this pattern form for a while. While the C&H breaks down on the weekly - is it holding on the monthly?
SOLWETH_2AF65C.USD trade ideas
SOLUSD: 75 Weeks Until ATH?Say what you want, but crypto has an incredibly rich history of adhering to the notorious "4-Year Cycle."
Much of this can be attributed to BTC's halving schedule, whereby block rewards are cut in half roughly every 4 years.
If you look back at BTC's history, and even ETH's first cycle, you'll see it typically takes 3 years (156 weeks) until a new ATH is reach.
I'm going to argue SOL is no different here, as it has network effects of its own that will inevitably lead to price reaching the next wave of price discovery amid a surge in users, developers, and builders.
That said, if we chart out BTC and ETH's price action from previous high to new ATH, we'll see there is a "cup" pattern that forms over the course of 3 years.
If we draw a similar pattern for SOL, we'll see price is following virtually the same trend despite what haters and skeptics are saying. That said, if we assume it'll take SOL 158 weeks to hit a new ATH, there's only 75 weeks left to go....
A possible bug ?Sorry for the somewhat long winded video, I just thought that it's way easier to show the problem than to deal with TradingView support, that just answered that my script compiles perfectly. Not very helpful.
The video is not long if anyone has any idea, let me know. I changed browsers, downloaded the standalone app same thing.
Thanks
Lesson for Bears Solana is here to stay and here to thrive. In the volatile within the volatile crypto world nothing a certain, of course, but this cycle this particular chain will not be stopped. There are simply too much innovation that is impacting the entire industry In and beyond crypto. SOL rose from the depths to become #3 chain this cycle and it is not done. Foolish to predict it will go down beyond normal market corrections. This Doesn’t happen out of the blue point beyond a black swan event. We have a steady rise in store that could take us far beyond.ATH. When you ask? When global liquidity comes to 3-10 trillion It is a safe bet that SOL Will benefit and rise significantly. The rise of SOL Benefits all chains. There are applications like wormhole and and others that Facilitate bridges in and out of SOL. Finally, I’ve said this before, but SOL moves fast when it finally moves. It throws hard sharp long GOD candles when it decides to move in either direction that usually signify entire market moves. None of this is financially advice just my abs observations as an investor. Good luck!
SOLANA BULLISH MOMENTUM!! GOING UP TO $200-$240Solana Bullish Momentum!
On June 27, 2024, Solana is showing some strong bullish momentum, with a potential price target between $200-$240. The formation of a butterfly chart pattern suggests this upward movement. This pattern, often seen as a sign of a price reversal or new trend, indicates that Solana might see a significant rise before any correction happens.
Increased trading volume and confirmation from other technical indicators like RSI and MACD add to this bullish outlook. Additionally, support and resistance levels suggest that Solana has room to move up before hitting overbought territory.
This is definitely something to watch closely, as Solana's movements in the near future could lead to major changes in the crypto market. Don’t miss out on this opportunity!
#Solana #Crypto #Bullish #ButterflyPattern #TechnicalAnalysis #MarketAnalysis #CryptoTrading
SOLANA - Top In Place! Down We Go...In our last analysis, we shared an unpopular opinion where we forecasted Solana to move down towards the $10 region.
We appear as if we've made the top and looking for further downside. The overall pattern we're seeing is a 535 Zigzag correction.
We had our confirmation to sell as the break of the red trendline, which we used to signalise the end of wave B and the start of wave C.
We're keeping invalidation levels for the bearish scenario above 210.
We'll be looking for further shorting opportunities. We'll be sure to update when we see another entry point!
Goodluck and as always, trade safe!
SOLSol deviated below mid of the whole move, and now continuing to close above mid.
If can simply continue closing above mid, I suspect this will hold as the bottom.
Knock Three Times.....Solana chart is looking very nice. Currently the 1 hr is above the 200 and 50 MA and those are about to cross. Very Bullish! After the 123.00 support held strong in the face of strong bear attacks, Sol started climbing fast and now has breached 139 and 138 3 times hopefully signaling a push into the 140s 150s regions. Solana chain has been releasing a flurry of new developments which are nothing short of revolutionary for ALL CRYPTO - ZK compression that makes it way way cheaper to use SOL on a large scale + Actions and Blinks SOL and Partners innovation that makes it immediately possible to initiate SEND SOL transactions and other SOL commands from anywhere. This is a HUGE catalyst and more SOLANA innovation news is coming tomorrow and this week! No financial advice here just pointing out some of what I am paying attention to. Happy healthy trading!
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers:
A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result:
The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ).
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COINBASE:SOLUSD
Bear Case...Plotting what I think may be the corrective bear targets - Structure wise it's difficult to say a bottom is currently in after retracing so much of our previous leg - hence why my bias has shifted thinking we have not finished correcting.
SOL: Bottom could be in Solana's price action could become very interesting if we have a daily close at or around $140. This could catapult price in the high 170s, provided that the market remains supportive. Be constructive here.
SOL analysisI'm entering a long position, as the price bounced from the lower line of the channel and I'm expecting at least a touch up of the upper line from the channel.
DYOR and stay safe
solusd buyLots of liquidity has been taken from the downside and now were looking at a new bullish direction, there was a breakout to the upside through the resistance line at 128.85 which tells me there is a new trend forming and that there is strong bullish pressure. We also have 2 to 3 ascending triangles, a new bullish trend, and bullish market strucutre. We also have a nice reaction from the demand zone 128.52, indicators also signal a bullish direction. in conclusion the market is showing bullish behavior and is a very profitable trade.
Big moves coming for $SOL, fast horse If you haven't noticed, CRYPTOCAP:SOL has been leading altcoins into the coming bull run. SOL has been outperforming CRYPTOCAP:ETH and MIL:BTC by a big margin. People were selling and panicking out of SOL during the FTX fud but it that had nothing to do with its fundamental. SOL is the most performant L1 by a long shot. Eth went 241% past its ATH last bull run, and if SOL follows a similar trajectory next cycle that puts CRYPTOCAP:SOL at $891 (3.618fib) ... Don't fade CRYPTOCAP:SOL >. SOL is fundamentally stronger than ETH too. DYOR and Zoom out
SOL Bollinger Bands Prints a SmileNice Bounce off of strong support at 123 in the face of BTC continued MT GOX dump. SOL is looking good and strong and smiling at you and me and all the fudders and naysayers! Bollinger Bands printed the smile (I added the eyes and hair) It's only a matter of time (maybe September?) before SOL God candles up past ATH and beyond. Thats my take not financial advice.
Solana - TREND Indicators BEARISHUsing a Technical Indicator here which I use mainly to determine trend swings from a macro perspective. At least for the short term, SOL is bearish.
We've lost a long standing trendline that has held since October 2023, which is around the time that the bullseason started.
This will all largely depend on what BITCOIN does in the short term - more info on that HERE:
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COINBASE:SOLUSD
SOLANA/USD BEARISH TRENDLINESOLANA/USD SHOWING BEARISH TREND
RSI - NO DIVERGENCE
MARKET ORDER WITH 124.49
STOP LOSS - 136
LOT SIZE -27.20 WITH RISK /REWARD OF 3 %
First Take profit on 114
second take profit on 103
Bullish bounce?SOL/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit.
Entry: 120.74
Why we like it:
There is a pullback support level.
Stop loss: 113.29
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Take profit: 134.42
Why we like it:
There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement.
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SOL: Thoughts and Analysis Today's focus: SOL
Pattern – Support Test
Support – 123.50
Resistance – 140.36
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SOL on its daily chart.
Few things to watch, key support being the main one. Will we see a bounce or a break? If we see a bounce with this, then contnue the overall descending triangle pattern.
Good trading.
solusd sellall timeframes suggests bearish direction, with dxy looking strong in terms of market structure, we can can expect a fall for solusd. the trend is your friend ! downtrend, mulitple descending triangles, more liquidity take the the bottom, breakout to he downside, bearish engulfing candle which signals bearish movement,
Solana/USDIn the first frames, a good triangle is still visible after exiting which I expect the historical maximum to be renewed.
But this is how an alternative scenario occurs during an update with a minimal correction and the price moving into the imbalance zone, forming a bullish flag.
Globally expected update to all-time high
Solana 'Failed Move' FractalGoing back through the charts, Solana seems to love faking people out. Go back to 2021 and this exact pattern happened around $20 before $368.
Just a simple chart but hey this is my prediction. BINANCE:SOLUSDT
x.com
SOL - Were you entertained?At $21 I predicted SOL will get back to ATH. (see below)
This is an update of the idea where I provide detailed comparison to a bearish shark. This also plays with how I see BTC and rest of crypto. Unlike what is being said by others, I believe we are closer to the end of the crypto rally.
Please boost idea and follow.
