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
SOL
The medium-term uptrend for Solana has been brokenThe medium-term uptrend for Solana has been broken, and it is now facing resistance in the $135-$140 range. This area acts as a key level for potential price reversal. If Solana fails to reclaim this level, the price is likely to move towards lower targets around $110 and $100.
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
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.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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.
SOL Solana Bearish PennantIf you haven`t sold SOL close to the top:
Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern.
A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
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
SOLUSDT.1DAnalyzing the SOL/USDT chart, we notice a few key technical elements that provide insights into the market's current dynamics and potential future movements.
Key Observations:
Current Price and Movement:
SOL/USDT is trading at $133.83, marking a decline of 1.32% today. This movement places SOL near an important support level.
Support and Resistance Levels:
R1 (Resistance Level 1): $193.09 - This level represents a significant barrier that SOL would need to overcome to confirm a bullish trend.
S1 (Support Level 1): $116.96 - Positioned as the first major support, holding above this could be crucial for maintaining a bullish outlook.
S2 (Support Level 2): $92.78 - A critical lower support, indicating deeper market corrections if S1 fails.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is below its signal line, indicating bearish momentum.
RSI (Relative Strength Index): The RSI is at 40.73, close to entering the oversold territory, which might indicate a potential for price stabilization or reversal if it dips further.
Analysis and Conclusion:
The SOL/USDT pair is currently in a delicate position, hovering just above a crucial support level at $116.96. The recent price decline and the bearish MACD suggest that the market is under some pressure. However, the proximity of the RSI to oversold conditions could imply that a bounce back may occur if the support holds strong, potentially driving the price toward R1 at $193.09.
The strategy for traders in this scenario should be to closely monitor the $116.96 support level. A sustained break below this level could trigger further declines toward S2 at $92.78, while a rebound from this support could offer a buying opportunity with targets at higher resistance levels.
For now, it's advisable to watch for any bullish signals, such as a positive crossover in the MACD or a rebound in the RSI from oversold levels, which could suggest an impending recovery. Conversely, continued weakness in these indicators might suggest extending the bearish outlook.
In summary, SOL's market dynamics suggest a testing time ahead. Traders should remain vigilant, monitor key technical levels closely, and be prepared to adjust their positions based on price action and indicator signals. Always consider using stop-loss orders to manage risks effectively in this volatile market environment.
$SOL chart weaknessThis bearish shoulder head pattern is very dangerous unless it invalidates by price action on #solana #sol chart. Not financial advice.
SOLUSDT.1DAnalyzing the SOL/USDT chart, we notice a few key technical elements that provide insights into the market's current dynamics and potential future movements.
Key Observations:
Current Price and Movement:
SOL/USDT is trading at $133.83, marking a decline of 1.32% today. This movement places SOL near an important support level.
Support and Resistance Levels:
R1 (Resistance Level 1): $193.09 - This level represents a significant barrier that SOL would need to overcome to confirm a bullish trend.
S1 (Support Level 1): $116.96 - Positioned as the first major support, holding above this could be crucial for maintaining a bullish outlook.
S2 (Support Level 2): $92.78 - A critical lower support, indicating deeper market corrections if S1 fails.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is below its signal line, indicating bearish momentum.
RSI (Relative Strength Index): The RSI is at 40.73, close to entering the oversold territory, which might indicate a potential for price stabilization or reversal if it dips further.
Analysis and Conclusion:
The SOL/USDT pair is currently in a delicate position, hovering just above a crucial support level at $116.96. The recent price decline and the bearish MACD suggest that the market is under some pressure. However, the proximity of the RSI to oversold conditions could imply that a bounce back may occur if the support holds strong, potentially driving the price toward R1 at $193.09.
The strategy for traders in this scenario should be to closely monitor the $116.96 support level. A sustained break below this level could trigger further declines toward S2 at $92.78, while a rebound from this support could offer a buying opportunity with targets at higher resistance levels.
For now, it's advisable to watch for any bullish signals, such as a positive crossover in the MACD or a rebound in the RSI from oversold levels, which could suggest an impending recovery. Conversely, continued weakness in these indicators might suggest extending the bearish outlook.
In summary, SOL's market dynamics suggest a testing time ahead. Traders should remain vigilant, monitor key technical levels closely, and be prepared to adjust their positions based on price action and indicator signals. Always consider using stop-loss orders to manage risks effectively in this volatile market environment.
SOLUSDT.1DAnalyzing the SOL/USDT chart, we notice a few key technical elements that provide insights into the market's current dynamics and potential future movements.
Key Observations:
Current Price and Movement:
SOL/USDT is trading at $133.83, marking a decline of 1.32% today. This movement places SOL near an important support level.
Support and Resistance Levels:
R1 (Resistance Level 1): $193.09 - This level represents a significant barrier that SOL would need to overcome to confirm a bullish trend.
S1 (Support Level 1): $116.96 - Positioned as the first major support, holding above this could be crucial for maintaining a bullish outlook.
S2 (Support Level 2): $92.78 - A critical lower support, indicating deeper market corrections if S1 fails.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is below its signal line, indicating bearish momentum.
RSI (Relative Strength Index): The RSI is at 40.73, close to entering the oversold territory, which might indicate a potential for price stabilization or reversal if it dips further.
Analysis and Conclusion:
The SOL/USDT pair is currently in a delicate position, hovering just above a crucial support level at $116.96. The recent price decline and the bearish MACD suggest that the market is under some pressure. However, the proximity of the RSI to oversold conditions could imply that a bounce back may occur if the support holds strong, potentially driving the price toward R1 at $193.09.
The strategy for traders in this scenario should be to closely monitor the $116.96 support level. A sustained break below this level could trigger further declines toward S2 at $92.78, while a rebound from this support could offer a buying opportunity with targets at higher resistance levels.
For now, it's advisable to watch for any bullish signals, such as a positive crossover in the MACD or a rebound in the RSI from oversold levels, which could suggest an impending recovery. Conversely, continued weakness in these indicators might suggest extending the bearish outlook.
In summary, SOL's market dynamics suggest a testing time ahead. Traders should remain vigilant, monitor key technical levels closely, and be prepared to adjust their positions based on price action and indicator signals. Always consider using stop-loss orders to manage risks effectively in this volatile market environment.
#FLUX UpdateAfter completing nearly a 300% move, we can start dcaing again in buys/longs with hsl ultimately at pink line.
SOLUSDT$SOLANA Chart Update: Looking at the CRYPTOCAP:SOL chart, we see a very attractive and well-formed bull flag pattern. Currently, the price has reached the support level of the formation, which coincides with the Fibonacci 0.618 level. If it takes support here and rises, it would confirm the upward momentum.
Targets:
1. First Target: Fibonacci 1 level at $210
2. Second Target: Fibonacci 1.272 level at $265
Let's watch closely for a bounce from this support to validate the bullish scenario! 🚀
SOL - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SOL has been overall bearish, trading within the falling channel in red.
Currently, SOL is approaching the lower bound of the channel.
Moreover, it is retesting a strong support zone and round number $100 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SOL approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SOL buy setupThe sol symbol is now inside a correction.
It has a good support range ahead that it can react well to.
We will look for buy/long positions on the green range.
Closing a daily candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Bearish drop?SOL/USD is rising towards a resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could reverse4 from this level to our take profit.
Entry: 140.47
Why we like it:
There is a pullback resistance level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 151.74
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 120.66
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
The key is whether it can rise above 168.41-173.20Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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When trading spot, if possible, it is recommended to start trading when the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.
That is because the uptrend is in progress.
Currently, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart, but since the price < M-Signal on the 1D chart, it can be interpreted that it is showing signs of turning into a short-term downtrend.
Since the HA-Low indicator of the 1D chart is created and forming a low point range, you can trade around 141.07 depending on whether there is support.
In other words, if it falls below 141.07 and shows resistance, it means that there is a possibility of a stepwise downtrend.
Therefore, it is important to know in which direction it deviates from the HA-Low (141.07) of the 1D chart ~ HA-High (173.20) of the 1D chart.
Since the HA-High (136.92) indicator of the 1M chart is created near the HA-Low indicator of the 1D chart, the area around 136.92-141.07 corresponds to the support area.
And, since the HA-High (168.41) indicator of the 1W chart is created near the HA-High indicator of the 1D chart, the area around 168.41-173.20 corresponds to the resistance area.
Anyway, since it is located near the HA-High indicator of the 1W chart and the HA-High indicator of the 1M chart, that is, near the HA-High indicator, the current price can be seen as being in the high point area.
Therefore, if the price is maintained above 168.41-173.20, it can be interpreted that there is a high possibility of maintaining an upward trend.
Therefore, if you are currently trading, I think it is better to trade from a short-term perspective.
TS - Since the BW indicator of the BW indicator has touched the lowest point, the BW indicator is expected to be created in the price candle.
Therefore, if the BW indicator is created in the price candle, you can trade depending on whether there is support near that point.
Another indicator that can be verified is the StochRSI indicator.
You can reduce psychological anxiety about buying in advance by checking if StochRSI > StochRSI EMA.
The fact that the HA-Low indicator was created means that a low point has been formed.
Therefore, if it shows support near the box range (128.50-153.39) selected based on the HA-Low indicator, it is a time to buy.
If it falls below 141.07 and a step-down trend occurs,
1st: Fibonacci ratio point 0.618 (119.71)
2nd: 99.49
You should check for support near the 1st and 2nd above.
If it starts to rise above 173.20,
1st: 234.12
2nd: 297.74
You should check for support near the 1st and 2nd above.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale rise will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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SOL ( Solana ) - Time to Invest NowBINANCE:SOLUSDT (1W CHART) Technical Analysis Update
SOL is currently trading at $133 and recently had around 35% crash and currently trading around the support zone, if the price correction continues then we can expect the price to reach 110$ and in the worst case it can fall to 78$ range. We will keep our StopLoss below 78$
Entry level: $ 132
Stop Loss Level: $70
TakeProfit 1: $ 154.85
TakeProfit 2: $ 200.26
TakeProfit 3: $ 268.70
TakeProfit 4: $ 393.75
TakeProfit 5: $ 603.01
TakeProfit 6: $ 800.77
TakeProfit 7: $1000 <-- Peak of the bull run
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Solana has a stron bearish momentum, could it fall further?Price is rising towards a resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 140.47
Why we like it:
There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 151.74
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 119.62
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SOLANA - Macro DistributionThis is an idea I had posted about a while back that is starting to play out. Now that we have a full picture, it's pretty safe to say that this is a macro distribution. The weekly & monthly TD sequential have both printed 789, which also marked the macro top last cycle. As much as it pains me to consider this possibility, this bull run may get cut short if this plays out
Falling towards 50% Fibonacci support?SOL/USD is falling towards a support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 146.10
Why we like it:
There is an overlap support that lines up with the 50% Fibonacci retracement.
Stop loss: 142.83
Why we like it:
There is a pullback support level.
Take profit: 152.83
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ALTSEASON = A MONTHLY CLOSE above the previous ALL TIME HIGH...for Bitcoin
This is what has set off a general Altcoin season based on the previous two cycles.
We have not done that yet!
We might do it, this month.. and it seems likely
We wait till Sunday at midnight to see if it does.
However don't get too excited because we are running ahead of schedule.
And notice BTC dominance drops only for a few months before we start distributing out
when everyone is partying after waiting for 3.5 years holding their shit coins
Than the party basically comes to an end.
Basically Q4 2024 this crypto cycle is likely over and done with.
And you should have converted a good portion of your chips into #stablecoins.
best of luck
Alikze »» SOL |Continuation of scenario 5 bullishAccording to the previous analysis, now with more than 110% growth since the time of the analysis, which is in the ascending wave 5, it can continue until the area of 2.618 or the next supply area of this extension of the wave, which will reach the major ceiling area, which is an important supply area. It will be and after that I expect a correction wave after which we have to do the update. But for now, a short-term trend can be imagined for it.
If the behavior and structure of the post changes, it will be updated.
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