Solana has broken down the channel. Will it bounce?Solana has broken down the channel. It is now on thin ice green support line. $120 has to hold strong line of support. Do u think it will hold or bounce?
SOLWETH_2AF65C.USD trade ideas
SOLUSD FOUL US ALL WITH BULL FAKE OUT?SOLUSD i believe we just had FAKE OUT and did get most of us (lol)...
As you can see in the chart, after break down with the H&S market did come back and tested multiple time but fail to trade above it, and keep create STRONG RESISTANCE AREAS.
I believe for SOLUSD to go up and break this RESISTANCE AREAS needs to come down for more discount
We have DAILY support @ 169, if we hold here then again it will triggered the buy signal to at list 181-187. But if fail then highly possibility of seeing more decline to around 145-126 area
At the moment i have 2 sell
My target is
TP1 169
TP2 144
As usual i will update with any changes
Comments always welcome
SOLUSD BEARS ARE IN CONTROL TO AS LOW AS 137????As we can see we fail to trade above WEEKLY Resistance (183.90 Area) and Bears looks are very in control at the moment
The high possibility to go as low as 137 before we see Bulls come back
I have sell here and my target for now is 144-137, which will be good DISCOUNT AREA to go long from there (with confirmation of candles of course)
Hollaaa :)
Solana: Sellers in ControlTaking a look at current short term resistance (str) and short term support (sts). Retest at 205 was unsuccessful and the the sellers have gained momentum. Preparing for deeper correction to previous levels of support.
Solana PatternsWhilst the "Descending Triangle" was being heavily promoted in the market, I still don't think this was the case but a complex sideways action due to a correction possible wave(4) and fundamentals!
SOLUSD TP SMASHED!!! 🔥Price didn't pull deep into where i expected before the sell, but as expected Price plunged and smashed TP🔥
FOLLOW IF YOU FIND VALUE HERE ❤️
Solana has broken out of the channelSolana has broken out of the channel. We need a confirmation today above the channel. If it confirms next few days then we have mapped out in the Blue line how we predict price to move
SOLUSD above to go down?My expectation is for price to move into the marked box, then afterwards continue with the downwards movement.
What are your thoughts?
Follow if you find value here ❤️
Solana (SOL) Chart Analysis: Potential Bullish ReversalThis analysis examines the Solana (SOL) price chart on the 4-hour timeframe, highlighting a technical pattern that suggests a possible bullish reversal.
Adam and Eve Double Bottom Pattern:
The chart appears to be forming an Adam and Eve double bottom pattern. This pattern is generally considered bullish and indicates a potential reversal of a downtrend. Here's a breakdown of the pattern:
Two Lows: The pattern consists of two troughs, or lows, in the price data. The second trough (Eve) is typically higher than the first trough (Adam).
Separating Candlestick: Between the two troughs lies a central candlestick peak that represents the failed attempt by sellers to push the price lower. The height of this candlestick is typically lower than the height of both Adam and Eve.
Neckline: A neckline is drawn by connecting the lowest points of Adam and Eve. A breakout from this neckline, ideally with increased trading volume, could signal an upward move in price.
Target Price:
Based on the Adam and Eve double bottom pattern, a potential target price for SOL could be determined by measuring the vertical distance between the neckline and the bottom of Eve. Adding this distance to the breakout point above the neckline would provide a theoretical target.
Important Considerations:
Technical analysis is a valuable tool, but it's not a guaranteed predictor of future price movements. Other factors like market sentiment, news events, and overall market trends can influence the price.
SOLUSD Will it rebound on the 1day MA50 or lower?Solana / SOLUSD touched the 1day MA50 yesterday for the first time since February 24th.
That happens to be exactly on the long term dashed Channel Up.
If its holds the 1day MA50, buy and target 400.00.
If the 1day MA50 breaks, we expect a slightly lower bottom like on January 23rd.
On that occasion, buy when the 1day RSI hits its Support A Zone and target 330.00.
Previous chart:
Follow us, like the idea and leave a comment below!!
SOLUSD BULLISH TREND - UPDATE Price is moving as anticipated towards the 20/12/2021 (198).
Need to see a break above this zone so as to give some more steam to the bullish bias.
On the other side we have some interesting lows to keep an eye out on. The first low we need to see buyers defend is 176.80
The final line of defence for buyers is the range between 159.20 - 165.84 . Break below this zone might signal that the sellers are starting to shake thing up
Solana Descending Triangle?The correlation with bitcoin before the halving is significant in my opinion and so while this descending triangle seems convincing the elliott wave count would say otherwise if correct!!!
Solana bear flag ShortSolana has confirmed the breakdown and is forming a 🐻 flag. Price is heading towards the support line. Would you be shorting? Sell the rip or buy the dip?
SOLONA first correction then gain 💡Hello 🐋
Considering the chart
if we lose our ascending channel we will see more correction close to our support and our support area is based on the fib 👌💪
then
if we wont lose our support I see more gain for the price 📈🤞
it is logical to see
some range movement too 📚💡
both
targets are clear on the chart ✌🎇
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
SOLUSD-SHORT SOLUSD price is at a critical juncture, The recent decline in DEX trades coupled by increased failed transaction on the chain plus the bearish technical structures further consolidate a bearish picture for the coin.
anticipating price to crawl back to 160.05 {fib 23.6}
SOL/USD: Riding the Waves of Resistance with SOLANAWelcome back, crypto crusaders! Today, we're diving into the turbulent waters of SOL/USD trading with our favorite meme-like analysis. So grab your life vests and let's navigate the waves of resistance together!
Right off the bat, SOL is giving us some serious déjà vu as it flirts with resistance levels that harken back to its previous all-time high (ATH). Talk about a blast from the past! But fear not, because we've got our trusty charts and Fibonacci levels to guide us through this storm.
Zooming out to the monthly timeframe, we're seeing some unconfirmed structure, but the weekly suggests that resistance is looming large. However, amidst the chaos, there's a glimmer of hope – a bullish trendline on the monthly, aligning perfectly with the 615 Fibonacci level and structure. I smell a potential support zone brewing at the $100 level, assuming the price plays nice with the ATH as resistance. Cue the dramatic music!
Now, here's the golden rule: Buy if and only if the structure is confirmed at the $100 level. We're talking about touching a support trendline here, folks – a break could send us spiraling down faster than you can say "crypto crash." And trust me, nobody wants to visit the dreaded $40 level!
But wait, there's more! We're not just looking for confirmation of support – we're also keeping a keen eye on that pesky ATH level. If it decides to flex its resistance muscles, we might just find ourselves eyeing the $140 level as our new loading zone. Talk about a plot twist!
As for our TP (take profit) level, we're setting our sights on the lofty $412.00 mark. But beware, brave traders – the ATH will be standing guard, ready to thwart any further push. Better review those lower timeframes to confirm our strategy.
Remember, it's all about probability, folks – no trading advice here, just some good old-fashioned risk-taking. And hey, don't forget to stay up to date with the latest news on SOL – fundamentals are the wind beneath our trading sails!
So, here's to riding the waves of resistance with SOLANA – may the memes be plentiful and the profits be ever in your favor!
Keywords: SOL/USD, trading analysis, resistance levels, support zones, Fibonacci levels, bullish trendline, ATH, loading zone, take profit level, risk management, investing, trading advice, dollar-cost averaging, cryptocurrency news, meme culture.
SOLUSD POSSIBLE PENDING BUY 183.26 TO TARGET 202 :)SOLUSD is setting up for more gain this lovely Sunday
Im looking for this DOWNWARD CORRECTION TREND to be broken and trade above 181.71 (DAILY RESISTANCE). That will make good SUPPORT to take SOLUSD to at list 202.
At this moment in time im happy to see we creating this local SUPPORT around 178.80. As long as we hold this LEVEL, we have more chance of take this high
KEY POINT
-I will only buy once we BREAK DOWNWARD CORRECTION TREND
-Trade above DAILY SUPPORT 181.71
Let see how this SUNDAY plays out
Holla :)
Solana Symmetrical TriangleSince the recent high on 18 Mar, SOL has made a sideways, contracting range correction. Entry could be on breach of $190.95 or use a breakout and back test of the upper trendline. Using the length of the first wave down, the measured move target is $230. Stop loss can go below $180 and still give around a 3:1 R/R setup. If it breaks down instead of up, the $130 price area may become attractive.
sol/usd buy stop and sell stop in non trending sol/usd buy stop and sell stop in non trending
stop loss defined
The Solana wedge that set it all OFFIts a good time to be alive in the crypto market. Those who held strong and weathered the storm (thru good entry/ proper DCA and risk management/ emotional management... good job. But I truly believe (in my opinion) that the best is yet to come.
Sol not on the horizon.Solana is going to suffer one of the heaviest of corrections as the crypto market suffers a steep decline due to different reasons that i won't expand in here.
This is a short term trade, as i still think the crypto overall could continue going higher after such correction is completed.
FTX Sells $1.9 Bln Worth of Locked up Solana for $64 Per CoinThe FTX estate recently sold approximately $1.9 billion worth of locked-up CRYPTOCAP:SOL tokens for $64 each. The sale involved up to 30 million CRYPTOCAP:SOL tokens that were discounted due to being locked up and will not be sellable for a while. The sale was initiated to clear the debts of the collapsed crypto exchange, FTX. This transaction led Solana ( CRYPTOCAP:SOL ) to slide to $177 per coin almost reaching the support at $173 pivot.
There was a delay in the sale due to significant buyer interest, and Galaxy Trading, a subsidiary of Galaxy Digital, set up a $620 million fund to purchase FTX's discounted SOL. The FTX estate holds a total of 41 million locked-up SOL tokens valued at around $7.5 billion.
Solana ( CRYPTOCAP:SOL ), the blockchain network that supports the CRYPTOCAP:SOL token, experienced a dip in price to around $10 following the collapse of FTX but has since rebounded. As of 1 p.m. Eastern Time, the token traded for $177.2 with a nearly 7% decrease in the last 24 hours.
Investors have been interested in FTX's Solana holdings since the exchange's collapse in November 2022. Solana made up the largest percentage of FTX's digital asset holdings, followed by bitcoin, ether, and the Aptos blockchain native token APT.
Neptune Digital previously bought 26,964 CRYPTOCAP:SOL at $64 each for $1.73 million, with 20% of the tokens unlocking in March 2025. Pantera also established a $250 million fund in March to purchase the discounted Solana of the FTX estate.
According to CoinGecko Research, Solana ( CRYPTOCAP:SOL ) is the most popular blockchain of the year so far, largely due to meme coins. As of now, Solana's market capitalization stands at $76.9 billion, making it the fifth largest cryptocurrency by that metric, according to The Block prices.
