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SOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USDSOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USDSOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USD

SOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USD

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SOLWETH_2AF65C.USD trade ideas

Solana 🔽Hi, friends! 🫶Solana, with its recent price action, presents a compelling opportunity for short-term trading strategies. With its strong fundamentals and growing ecosystem, Solana has garnered attention as a promising blockchain platform. However, in the short term, market dynamics indicate potential downward movements, offering traders a chance to capitalize on price fluctuations. 😊 ▶️Opening the position at levels 188-190 📈 ✔️Taking profit at level 177 💰 ✖️Stop loss above 198 ⛔️ These are just my thoughts, and the decision to enter the trade is up to You. 🤔 Sincerely yours, Kateryna💙💙
BINANCE:SOLUSDShort
by RocketBomb
24
Why Solana Could Boom in the World of dApps! I am bullish on Solana's future due to its potential dominance in the dApp space. Here's a breakdown of the key points and some additional considerations: Key Points: • dApp Growth: Solana's fast transaction speeds and low fees make it attractive for developers building dApps. • Potential Price Increase: Increased demand for SOL tokens due to dApp development could drive up the price. • Strong Contender: Solana's performance suggests it could be a major player in the dApp market. • Call to Action: I would consider to buy SOL tokens (long SOL) to potentially profit from this growth. Additional Considerations: • Technology Risk: While Solana's technology is promising, it's still relatively new and evolving. There could be unforeseen technical challenges. • Competition: The dApp market is competitive with other platforms like Ethereum. Solana's success depends on attracting developers and users. • Investment Risk: Cryptocurrencies are volatile, and there's no guarantee SOL will increase in value. Before Investing: • Research Solana's technology and its competition in the dApp space. • Understand the risks involved in cryptocurrency investments. • Only invest what you can afford to lose. Overall: This idea highlights Solana's potential as a dApp platform, but be aware of the associated risks. Do your own research before investing and prioritize a long-term strategy over short-term hype. Consider consulting a financial advisor for personalized guidance.
COINBASE:SOLUSDLong
by bryandowningqln
Solana: Completion of Wave (2) and Long-Term OutlookSolana presents the scenario we've been discussing for some time now. We might already be seeing the completion of Wave (2), with our entry point around $81. Since then, Solana has surged by 42%. However, we're still considering the possibility of an extended Wave (2) correction, now shaping into a flat structure. On closer examination, the recent upward movement appears to be in three parts. While it's possible to further develop Waves 3 and 4, creating a 5-wave structure, surpassing the $144 mark is crucial to definitively exclude the short-term bearish scenario. There's some leeway with overshoots; a temporary spike (wick) doesn’t necessarily invalidate the ABC scenario. However, a sustained move beyond that would.
CRYPTO:SOLUSDLong
by stromm_by_wmc
4
(SOL/USD) Analysis: Deciphering the Downtrend Amid Mixed SignalThe digital asset Solana (SOL/USD) is exhibiting bearish tendencies in its market behavior, as demonstrated by a comprehensive analysis of various technical indicators on the daily chart. Currently priced at $175.30, the asset has witnessed a 4.81% decline, signaling a potential strategic juncture for traders and investors alike. Price Trajectory and Moving Averages: Solana’s price has retreated from its peak, with immediate trading below short-term moving averages (10, 20, and 30-day), which aligns with a bearish outlook. However, the longer-term averages (50, 100, and 200-day) are suggestive of possible support levels, indicating a bullish undertone that may unfold over an extended period. Momentum Indicators: • The MACD reveals a bearish divergence, corroborated by a downward cross below the signal line. • The Momentum indicator reflects negative momentum, bolstering the bearish scenario. Volume and Volatility Indicators: • The absence of notable volume divergence suggests that the price movement is not yet accompanied by a significant shift in trading activity. • Volatility assessments are inconclusive from the data provided but should be monitored given the asset’s historical price action. Oscillator Insights: • The RSI hovers at a neutral 49.76, offering no definitive sentiment bias. • The Stochastic %K and the Ultimate Oscillator further reinforce this neutrality. Support and Resistance Considerations: • Fibonacci retracement levels pinpoint a critical support zone around the 61.8% level. A decisive move below could steer the asset toward the 78.6% retracement, whereas resistance is currently positioned at the 23.6% level. • Pivot point analysis highlights the immediate resistance at 238.23, with further resistance potential at 274.02 and 373.92. Support levels at 138.33 and 74.22 suggest thresholds where buying interest may re-emerge. Sentiment Indicators: • The Williams Percent Range and the Commodity Channel Index straddle the neutral zone, proposing a wait-and-see approach. • The Average Directional Index’s reading is indicative of a weak prevailing trend, hinting at a potential market in transition. Concluding Thoughts: The prevailing technical analysis for Solana points towards a bearish phase in the short term, coupled with a complex interplay of neutral signals from key oscillators. While the divergence in the short and long-term moving averages presents a challenging scenario, the neutral indicators could signal a potential for trend reversal or stabilization. Traders should exercise caution, paying close attention to volume changes, pivot points, and Fibonacci levels for indications of future movements. It is recommended to consider this analysis in the context of a broader market overview and incorporate sound risk management strategies in any trading decisions. This analysis is provided for informational purposes only and does not constitute investment advice.
COINBASE:SOLUSDShort
by AxiomEx
1
SOL FUD FUNAhhh many thanks to the SOL fudders we have some great buying ops for sol before moonshot! DUNE came out with a report that a whopping 75% transactions fail on SOL chain :) Right… I can tell you from my experience - trading mostly on JUP that once in a while - mostly right after a launched coin or airdrop - there can be some congestion. JUP pre tests every transaction so you proceed only when certain of validity of transaction. I wouldn’t call this a fail. I would call it a win. That said most of the transactions that I make go through I’d say about 99% oh, it’s obvious why there is so much interest in bringing down SOLANA. Success has been great, and there is only more astronomical growth on the horizon. I take these opportunities to load up some more. If SOL can continue on its path it will easily be hitting 500-1k levels possibly before the end of this cycle. Do your own research this in not financial advice. Good luck!
COINBASE:SOLUSDLong
by cryptoseedjohnny
SOL/USD - SWING BUY OPPORTUNITYSOLANA is an awesome L2 blockchain/ crypto with plenty of future growth and potential. One of its key features I personally love is the speed at which it processes transactions, developer growth, its ease of use for developers and the whole ecosystem in itself. Yes there are other major players out there too, but for me, SOLANA is an awesome crypto with great future prospects. I personally see this crypto to thrive in the near future and expect to see its price grow substantially/ organic growth is what I expect from this awesome coin. I can definitely see SOLANA surpassing its ATH in the future. So here's my personal view on Solana. At its current price area, to grow organically and make its way up to its ATH. Along the way up, expect to see pullbacks (if price does dip back down to $30 or $20 area, I would DCA! I hope to see this coin thrive in the future. Todays price is not tomorrows Price! The future is Blockchain! Happy trading lovely people. Stay safe. Disclaimer: Crypto is highly volatile and risky, you may lose all your investments and not see any returns, please invest at your own risk!
COINBASE:SOLUSDLong
by PathaanKhan
8
TradingView's AI Tools: Empowering Your Trading StrategyArtificial Intelligence (AI) is revolutionizing the world of trading, offering new tools and capabilities to both novice and experienced investors. TradingView, a popular charting platform, integrates several AI-powered features to enhance your trading experience. AI-Powered Data Analysis: Effortless Pattern Recognition: TradingView's "All Chart Pattern" recognition tool, powered by AI, automatically scans charts for various technical patterns like head and shoulders, double tops/bottoms, triangles, and more. This saves you valuable time and ensures you don't miss any potentially significant chart formations. Crypto Screener with AI Insights: Utilize TradingView's crypto screener, which leverages AI alongside traditional technical indicators, to filter through a vast array of cryptocurrencies. You can identify coins based on technical signals, market capitalization, social media buzz, and other AI-powered insights. Beyond Pattern Recognition: TradingView's AI-powered features go beyond just basic chart patterns: Built-in Elliot Wave Recognition: TradingView offers built-in AI-assisted tools for Elliot Wave identification. Elliot Wave Theory is a complex technical analysis approach that proposes specific wave patterns in price movements. AI can assist new traders in identifying these wave structures, providing a potentially valuable framework for understanding market trends. It's important to remember that Elliot Wave Theory is an advanced concept, and even with AI assistance, confirmation from other technical indicators and fundamental analysis is crucial. News & Social Sentiment Analysis: AI can analyze news articles and social media chatter to gauge overall market sentiment. This can help you identify potential shifts in investor confidence and adjust your trading strategy accordingly. Backtesting & Strategy Optimization: TradingView allows you to backtest your trading strategies using historical data. AI can further optimize these strategies by suggesting adjustments based on market conditions and performance metrics. The Synergy of Human and Machine: While AI offers valuable insights, it's crucial to remember that human judgment remains vital in trading. Here's how AI and human intuition work together: Informed Decision-Making: AI augments your analysis by providing data-driven insights, but ultimately, you decide when and how to execute trades based on your risk tolerance and overall trading goals. Strategic Advantage: Combining human expertise with AI's proficiency in pattern recognition, data analysis, and backtesting empowers you to make well-informed trading decisions and potentially gain a strategic advantage in the market. The Future of Trading is Here TradingView's AI-powered tools represent a significant leap forward in financial technology. By leveraging these tools alongside your own knowledge and experience, you can become a more efficient and informed trader, potentially navigating the complexities of the market with greater confidence. As AI continues to evolve, the future of trading promises even more sophisticated tools and deeper insights to empower investors of all levels. Important Note: Elliot Wave Theory is a complex concept, and even with AI assistance, confirmation from other technical indicators and fundamental analysis is essential. Backtest any strategy that relies on AI-powered tools using historical data to understand its effectiveness under different market conditions. Never rely solely on AI for trading decisions. Develop your own trading knowledge and skills to make informed choices.
BINANCE:SOLUSDEducation
by ParabolicP
5
Solana holds $180 area support strongETF price crash had already hit luckily it doesn’t look that bad & solana had found its footing Made support around $162-$180 area such a huge move for solana to keep the bulls steady. Does it mean $300 next ( that’s a maybe) let me tell you why; so solana has to bullish move upwards and play around the resistance which is around $190-$199 area .. so in order for solana to break above 200$ is to breakout above $185-$190 area and form a minimum consolidation to breakout bullish even more. Solana had already made some corrections but there’s no way solana will drop a lot more below $185-$162 area if that happens then solana will collapse , bitcoin , Ethereum , Dogecoin & XRP will follow along. All those cryptos are doing the same momentum as solana but different way to breakout the bulls to free away from the resistance pressure. Can bulls can do it ? I bet they can. It’s still in a good buy position I’ll keep it long and simple and pay attention any spikes reversal. I’ll buy solana around $185 area and profit take $195-$205 area as a simple long-ish short buy. If going big then take profit at the recent ATH $260 or new high around $300 area. Solana will be going slow and steady but pay attention to the spikes
BINANCE:SOLUSDLong
by JoyBoyVegae
SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now just an update of the old attached idea with more data now on the macro momentum. looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha. or we are about to get gutted like that earlier 'fake' pump. full retrace hell. the momentum doesnt quite look right overall for that option to me. i think first option is more likely above. anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :) gl
BINANCE:SOLUSDLong
by Crypto-Quantum-Fox
8
Solana Rise in Institutional Capital InflowsAccording to data from CoinShares, Solana ( CRYPTOCAP:SOL ) has emerged as the leading altcoin with regards to institutional capital inflows, surpassing other competitors such as Polkadot, Cardano, and CRYPTOCAP:XRP , with $6.1 million in inflows last week. However, Solana's on-chain activity has experienced a decline, following a spike in the last week of March, and its price dropped nearly 6% on Tuesday, influenced by the steep decline in Bitcoin prices. Digital asset investment products observed a total of $862 million in inflows, with Bitcoin leading the way, and only $18.3 million directed towards altcoins. While Solana-based funds noted a weekly inflow of $6.1 million, on-chain data from the Block shows a downward trend in the number of new and active addresses on the chain since the six-month high seen on March 22. Coinciding with a decline in Bitcoin prices, Solana's price has suffered a correction, as large market capitalization assets experience a dip. The price of Solana ( CRYPTOCAP:SOL ) is down nearly 6% on the day, despite rallies and user activity observed in Solana-based meme coins such as Book of Meme (BOME), Cat in a dogs world (MEW), and Tombili the Fat Cat (FATCAT). Overall, the data from CoinShares indicates a recovery in sentiment last week, with digital asset investment products experiencing a notable inflow of institutional capital. While Bitcoin remains the dominant player in the cryptocurrency market space, Solana's recent performance in attracting institutional investment underscores its potential as an alternative investment option.
COINBASE:SOLUSD
by DEXWireNews
1
SOL fibonacci retracement levels, areas of interest, buy orders.For anyone looking to accumulate SOLANA at lower levels... The local top of Solana on the Daily timeframe and higher time frames is currently $209.64. On the measured move from SOLANA's bear market capitulation low of $7.89 to the current local top of $209.84... here are the technical levels of interest, based on fibonacci retracement levels (fibonacci math) where I have set limit buy orders on COINBASE to accumulate and dollar cost average (based on technical levels, not time) SOLANA. These levels and strike prices are based on the COINBASE SOL/USD Chart. So check the exchange you use for differences in strike price between COINBASE SOL/USD pair and the SOL/USD or SOL/USDT pair on the exchange you use to adjust your limit order strike price on any of the technical levels you are interested in setting limit buy orders at with the goal to accumulate SOL at lower levels and DCA into your SOL holdings as price ascends and corrects. So long as the local top of $209.84 is not defeated , these levels remain technically valid and over time some of these areas of interest will get hit or wick down to. Personally, my limit buy orders on Coinbase SOL/USD pair are set at the 0.5, 0.618, & 0.786 levels. I have also placed stink bids (limit buys) at lower levels, in the event of a macro global financial or political event that could temporarily drop markets and present a deep discount on SOLANA before buys step in and price reverses. However, it is not unwise to set limit buys at each of the areas of interest or fib retracement levels based on this measured move. The lower the better, in my opinion, as I would like to accumulate as much SOL as possible before price reverses and the next stage of the macro crypto bull cycle begins.
COINBASE:SOLUSDLong
by junglefamous
20