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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

SOL SOLANA SOLUSD Update Jan 25 2024Sharing Solana update here from TTR: I havent updated SOL since after I took nice profits on it. Here is a potential wave 2 setup down, which should bottom around April or May. It seems that ABC down is in play now, with A being in place on that 23rd Jan low, or it can be printed anytime now, not later than the end of the month or so. The B wave is expected to hit around the middle of Feb, and the C wave down into the Apr low - B wave target is 108-116 - C down should bottom at or below 68.50 I will update the bull targets when we are near the C wave low. Everyone should be making money on all of our crypto updates; just don’t use any leverage and options!!! As the timing is always an issue, the best way is to accumulate when the price is going down at support levels and hold for the rally to begin.
COINBASE:SOLUSDLong
by TheTradersRoom
Corrective pattern for the second waveDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
FX:SOLUSDLong
by mehdi47abbasi79
5
Pressurized At $80, Will SOL Price Fall To $50?Pullback at $120 Mark: SOL's bullish reversal pauses, hinting at a short-term pullback. Possible Bounce Back Scenario: Declining trading volume suggests a potential rebound if buyers maintain strength at around $90. Risk of a Significant Drop: A breakdown below the 50-day EMA could trigger a 30% price drop to approximately $66. Bearish Breakdown Warning: SOL faces a critical downturn as it slips below the $100 level. Fibonacci Level Test: SOL currently testing the 38.20% Fibonacci level at around $82. Liquidation of Long Positions: A significant amount of SOL long positions liquidated, indicating bearish sentiment. Technical Indicator - MACD: The MACD shows a bearish trend, with increasing bearish momentum. Crucial Support Levels Under Pressure: The $80 mark emerges as a critical support level, possibly providing an entry point for buyers. Downside Risks: A fall below $80 could intensify the sell-off, pushing SOL towards $66. Bear Market Impact on SOL: The current market trend questions SOL's recovery potential in 2024. Impact of Overall Market Sentiment: The broader crypto market downturn affects Solana's price trajectory. Watching Key Technical Levels: The SOL price movement near key support and resistance levels will be critical in determining its future direction.
COINBASE:SOLUSD
by Coinpedia-Market-Insight
Sol lessons learnedAfter calling the Sol top I thought I could catch a quick compression and upward breakout before a deadcat. Boy was I wrong, the trend is your friend, and the trend was bearish. When Total3 and Bitcoin / coin stock started reversing the entire market should have been obviously bearish. This is exactly why I do not trade leveraged futures for crypto. I also rarely trade things I do not want to own long-term, this allows me to sit in my spot or stake and chill while I plan my next move. I share these charts because I do sometimes add to positions heavily on strongly favored setups, or I will shorter term trade sections of the tokens to build up stablecoin reserves.
COINBASE:SOLUSDShort
by Apollo_21mil
SOLUSD Bearish chart patternCOINBASE:SOLUSD 📉 Solana Analysis: Descending Triangle Alert! 🚨💔 Hey Solana traders! 🌐📉 Ready for a deep dive into the charts? Let's unravel the current Solana scenario. 🕵️‍♂️💹 📉 Descending Triangle: 🐻 Brace yourselves – we're in a descending triangle, a bearish chart pattern signaling potential downward pressure. 📉🔻 🧐 Bollinger Band Indicator: Trending below the middle Bollinger Band, a bearish signal that could suggest further downside. 📊📉 🎯 Fibonacci Analysis: Fibonacci doesn't lie! A potential price target of $62 is on the radar, with rejections in the golden pocket indicating a crucial resistance zone. 🎯💰 📉 200-Day EMA: Eyes on the 200-Day Exponential Moving Average (EMA) – a key indicator that could influence the overall trend. 📉📈 🤔 What's Next?: As we navigate these chart patterns, share your thoughts! What's your take on Solana's potential moves? Let's discuss strategies and insights. 💬🚀 Remember, this isn't financial advice – just chart analysis in the crypto jungle. 🌐🔍 Comment below with your Solana predictions and let's trade smart! 🚀📈 #SolanaAnalysis #CryptoCharts
BINANCE:SOLUSDShort
by MasterChef23
2
Short term swings on SOLFrom a retail perspective, shopping around the current price of SOL is still way too high for me. I'm waiting for some support ranges to swing trades in the next couple of weeks. Support range: $85.62 and $65 Margin/Risk: 1.5% of the portfolio My plan this weekend is to wait and chill until it hits these supports and wait until the RSI reset. If it hits lower than those support ranges mentioned above, a 50% retracement from the current higher high (aka $120) is a bonus for me. Disclaimer: NFA. Let's wait and see!
COINBASE:SOLUSDLong
by hchau2k19
2
$SOLUSD to deliver a sALT season?COINBASE:SOLUSD is in an interesting spot here. I like the $80 level below as there is a ton of liquidity there but I have this sneaking suspicion that if we were going to run for it it would've happend on Friday with the BITSTAMP:BTCUSD sell off from ETF fears. I would expect reclaiming $100 would accelerate the sALT season. $137 would be the target. Invalidation is a close below $88 and I would be looking for levels below for support.
COINBASE:SOLUSDLong
by forclout
1
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same. What do we see? (follow the steps) 1) The high that set the downtrend. 2) Price wicking in the daily FVG that will serve as our base ('support'). 3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too. 4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure). 5) The expected dump where BTC does too. Hopefully you enjoyed this short analysis and I wish you a lovely day! Happy trading!! ;)
BINANCE:SOLUSDShort
by Lexi_Is_Trading
SOL Price Analysis: Facing a Crucial JunctionSolana's bullish momentum faces resistance at $120, hinting at a possible pullback. A noticeable drop in trading volume suggests potential for a bounce if buyers maintain control around the $90 level. SOL's struggle to stay above $100 may lead to increased selling pressure and deeper market corrections. Technical indicators reveal a 20% decline in recent weeks, with bearish signals dominating. Current trade at $93.87, coupled with a 7.58% overnight drop, puts Solana at a critical juncture. A 437% rise in SOL price over 10 weeks shows bullish fatigue as the coin approaches key resistance levels. The potential breakdown below the 50-day EMA at $87.60 could trigger a 30% fall to $66. A decline in weekly trading volume aligns with the pullback, suggesting a weaker selling trend. The daily MACD trend indicates a possible continuation of the downward movement towards the zero line. If Solana overcomes current challenges, a rebound above $100 may set the stage for a rally to $125. Key support and resistance levels at $90 and $100 will play a decisive role in SOL's immediate future. Market sentiment remains cautiously optimistic, aligning with predictions of an overall bullish trajectory for Solana in 2024.
COINBASE:SOLUSDLong
by Coinpedia-Market-Insight
Solana (SOLUSD): Potential Completion of a 5-Wave Cycle! The current chart analysis suggests that Solana might be nearing the completion of a fascinating 5-wave cycle. An anticipated correction for the second wave (2) is expected to fall within the range of 38.2% to 61.8%. The minimum target for the subsequent Wave 3 is set at $273, indicating a potential increase of nearly 240%. It is advisable to continue monitoring developments and consider risk management strategies. 🚀📈
CRYPTO:SOLUSDLong
by stromm_by_wmc