MEWUSDT - Chart looking goodLooking at the 1-Day MEW chart i am extremely bullish on MEW. Trading at the bottom of the range we can expect allot of up-side potential. The RSI has reset and is about to turn bullish and we can see that MEW has found support at the bottom of a upwards channel. The next few weeks could possibly offer allot of up-side potential.
Solana
Four Horseman of Defi !?Defi is dominated by four sectors. Chains. Staking. Dexs. Lending. Those four sectors cover majority of crypto space today. Together they create a liquid financial market. Tomorrow they may help spawn an emerging sector like ai, gaming, metaverse, nft, depin, etc into a dominate industry.
Unfortunately for many those emerging sectors have yet to become dominate day to day within crypto or outside of crypto.
For now we have chains, staking, swapping and lending.
We have four chains that are widely available on centralised exchanges. Ethereum, Solana, Sui and Avalanche.
The four assets listed here cover all four widely available high performing chains in all four high performing sub sectors.
BenQI is the high performing lending protocol on AVAX.
Uniswap is the high performing dex on Ethereum (and defi space as a whole).
Sui is the high performing growth layer 1 chain leading after the big3 (eth, sol and bsc).
Jito is the high performing staking protocol on Solana.
[SOL/USD] In need of serious bounceFirst, let's take a look at 4 hr chart of CRYPTO:SOLUSD . The 220 EMA line has now breached & the price dive further to 136-138 zone at the moment. So, what's next ?
Why don't we try to zoom it out a bit, see the daily chart. It is now resting at 220 EMA line, which as well the trend line support.
To continue its bullish journey, the price need to bounce from here (duh...) as it needs to avoid the EMA making death cross, as well as the MACD need to breakout from its downtrend line.
The long term view of this token is actually looks pretty. There's a beautiful pattern in the making on the higher time frame, but let see how this daily setup played out first.
Cherio...
POPCATUSDT - Sort term downside on POPCATPOPCAT is currently trading in a upward channel looking at the 1-week chart. The price has risen by 6.90% over the last week, and its monthly performance increased by 59.46%. POPCAT is a meme launched on the Solana chain. Looking at the RSI, POPCAT is moving towards the bottom of the range and a short term dowards move can be expected. This could allow a buy opportunity at the bottom of the range.
PULSECHAIN is Gaining marketshare versus SOLANAWHY?
Because #SOL is considered a safe blue chip asset now.
One of the top 3.
Nobody will laugh at you if you tell them you have invested in SOL.
Instead they may congratulate you
assuming you have made a 10X on it
and a 50X on #WIF
Yes alot of smart investors bought Solana at $25 on a technical breakout of beautiful structures --- ones I highlighted at the time.
But more people bought around $125 chasing the momentum or buying the pullback assuming that it will break into new highs next year..
Yet #FTX Alameda will still unload a Billion dollars worth of coins..
and SOL inflation sits around 20% a year.
People hate #Pulsechain
I mean really hate Pulsechain
and people definitely will laugh at you
if you told them that you own it.
Yet QUIETLY it is up over 70% versus SOL in the past few weeks.
This makes PLS a contrarian bet
That could yield high rewards.
I believe this trend can continue ... do you?
#SOLUSDT #1D (Bybit) Symmetrical triangle break and retestSolana pulled back to 100EMA regained support where it bounced forming a morning star, resuming bullish would make sense.
⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (6.0X)
Amount: 4.4%
Current Price:
150.58
Entry Targets:
1) 149.03
Take-Profit Targets:
1) 171.43
Stop Targets:
1) 137.81
Published By: @Zblaba
CRYPTOCAP:SOL BINANCE:SOLUSDT.P #Solana #PoS solana.com
Risk/Reward= 1:2.0
Expected Profit= +90.2%
Possible Loss= -45.2%
Estimated Gaintime= 3-4 weeks
Final Solana Leg?Trade is simple. seasonality seems to be on our side here, also we've been in a range for most of the year which in my opinion seems to be a distribution range, so i guess this makes a final leg then crashes real hard back below $100. But that's getting way ahead of things as of right now the trade is long!
[SOL/USD] Just when you think you're out of the woodRight...what we think market will do is one thing...what it does, is another whole thing.
Let see COINBASE:SOLUSD 4 hr chart here. Price has dive from 160 & now resting at 220 EMA, which happen to be the trend line support. Let see if this holds & the price is able to bounce from here.
BTC Beginning of the Month Downward VolatilityBYBIT:BTCUSDT
Seems we typically experience some downward volatility in the first week of each month since June.
I certainly have noticed a trend: July 4/5 bottom, Aug 5 bottom, Sep 6 bottom.
Let's see what the rest of the week has in store for us.
-- -- -- --
Using the 50 period on the 12H for the ROC it seems we could be near a local top which has shown some tops/ bottoms in the past during this range.
The blue boxes represent the beginning week of the months.
YOY global liquidity is on the rise due to China easing significantly.
SOLUSDT Potential trend continuation after a correctionSOLUSDT recently tested the psychological level at 160, forming a double top pattern, which could signal a potential reversal or consolidation after reaching this key level. Prior to this, the market broke and closed above another significant level at 150, a bullish indication that buyers are stepping in.
On the daily timeframe, the market is currently testing a previous resistance zone, where selling pressure led to pullbacks on two prior occasions. However, on the weekly timeframe, the last two candles have shown strong momentum, reinforcing the bullish sentiment in the market.
The price may consolidate just below the 160 resistance level before a potential breakout. The target is the resistance zone at 165
Wen and Foxy -> moon trip together?Meme coins with high risk and potentially stupid rewards!
Every blockchain will have a meme alpha play that goes to the moon. I have two meme coins that I firmly believe in...
For the Linea blockchain, the choice is simple - Foxy.
For Solana blockchain, there are too many meme coins but none of them have as good distribution of wallets as Wen.
Foxy and Wen have 3-4 x up to all time high. They have just broken important levels. The market is about to send.
I think the risk reward for Foxy and Wen is incredibly good if we continue the bull market.
Foxy and Wen have similar graphs, I think the timing is good to buy and hold for 2 months and then start taking profits.
I think both Foxy and Wen will smash all time highs quickly when/if the market explodes.
Weekly SOLANA Chart indicating BULLRUN soon!
Fellow Solana Investors, Please comment your thoughts on my analysis
I've been watching the Solana price and I'm noticing that on the Weekly chart, SOL is showing upcoming bullish confluence between the RSI/RSI-MA14 and the MACD crossing the Signal Line (above the histogram - which is bullish). Also, the price actions of Solana seems to follow previous patterns of past bullish and bearish runs of the market over the last year. The current price action and indicators appear to show a possible break of the top resistance trendline. Which, to me would indicates an upcoming bullrun, expesially if it breaks that top trendline which could result in a new leg up to a new ATH (All Time High) for Solana.
I don't follow Bitcoin as much, but bitcoin is about to breaks it's own top trendline, since solana follows footsteps with BTC price action pretty well.
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
Solana roadmapWe are on the brink of the latest run up that whales are engineering to distribute, and pull in as much liquidity to exit for 2025 bear market.
Don't let the headlines fool you, there is no real utility to these shitcoins except printing money to traders and whales.
Of course, I could be wrong, a dapp could show up that gets people hooked, but i bet any web2 architecture can do anything better and faster than web3. In the meantime, just ride the waves.
SOLUSDT Flag Pattern Alert - Potential Breakout Ahead!SOL/USDT is currently forming a flag pattern within a key support and resistance zone. After several days of consolidation, the price action indicates a possible breakout. Watch for a decisive move above the upper boundary of the flag, which could signal a sudden upward momentum. Remember to always set a stop loss to manage risk effectively.
SOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $146
Buy level: Above $146.5
Stop loss: Below $140
TP1: $150
TP2: $155
TP3: $165
TP4: $180
Max Leverage 5x
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Solana: Close Call!Solana rose further last week, approaching the important resistance line at $163.44. Consequently, we have raised the probability of our alternative scenario to a whopping 43%. This scenario still locates the price in an extended blue wave (i). However, we primarily locate the coin in the same-colored wave (ii), which should initially approach our Zone (between $85.15 and $30.79) before being replaced by an impulsive rise to above the $210.03 mark.
SOL Short Scalp Trade IdeaWanted to try this a little earlier, but got caught up with something.
Trying this short here as I see some rejection from the 15 MIN Key Level and then possibly targeting 151.81 as the final TP.
Entry Price: 154.05
SL: 155.35
TP1: 153.33 (A closer target)
TP2: 151.81
Ideally I'd have loved it to retest the trend line, but since it hasn't done that, there is a small possibility that it'd do it making this a little risky which is why I have the SL a little wider.
Just going to wait and watch now.
Let me know your thoughts on SOLANA (SOL). Together we can make the right trades :)
Happy trading!
SOLANA - Second Wave Incoming?Everyone's favorite altcoin, at least in this cycle!
Let's study CRYPTOCAP:SOL 's behavior so far and see how much gas it has left in the tank.
Macro View
The month is looking promising! It's currently trading above previous month high and 2023 yearly open (key level) . What does this mean? Two possible outcomes:
The trend will stall for another three months before reaching new ATH (all-time highs).
The trend will issue a new bullish signal at the close of this month if it reaches $200.21.
The latter scenario has a higher probability, so let's explore it a little further
If the trend confirms within this month - let's say it doesn't but August does print the bullish signal - the price targets will be at $438 and $1,531 if things pick up nicely.
The second target remains within reach as the consolidation period features multiple equal highs. This calls for a strong move to the upside once things line up, as they are doing now.
Actions to take:
Bid this near $170 and have some last bids at the current monthly open ($148 - $152)
Add to spot buys if price hits $200 before the July monthly close.
Trade is meant to be long term, so be patient as I still think it presents the best and safest setup.
Below $140 the idea is invalidated :(.
$SOL $SOLUSDT Daily Bias UpdateI would have expected a stronger selling pressure from the supply zone that the price is currently in, but the price seems likely to target higher levels to grab more liquidity and mitigate extreme levels before going down.
Buys look more probable for now in lower time frames. I will look for sells as ( if ) I see strong liquidation and bearish momentum after price mitigating upper levels.
SOLANA 5th final wavePretty difficult to side with the bulls or bears - but if we are strictly seeing this from just an Elliott Wave perspective, Solana could very well be working for the final 5th wave to the upside + considering all things like the Bitcoin Dominance.
Might be working into a submicro 1-2 pullback since 200th day moving average got rejected.
BTCUSD 8H: Locked in range / Short TP 55 000 usd🔸Hello traders, today let's review 8hour price chart for BTCUSD and potential reversal zones. So far price remains locked in tight trading range since March 2024, range highs set at 68 000 USD and range lows at 57 000 USD.
🔸Premium prices overhead at 71 500 / 74 000 USD and below at 55 000 / 53 000. Currently trading mid-range so no trades recommended in this zone.
🔸Ongoing compression in a tight range and low volatility ongoing since March 2024. This suggests that we are in accumulation/distribution stage right now and eventually range breakout will result in a high volatility move. Until then though makes sense to focus on trading range highs and range lows.
🔸Recommended strategy for position traders: Wait for price to max out near range highs and get ready to short from premium levels. Conservative TP on sell side at 55 000 USD.
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SOL Very Risky SHORT Trade Idea (with Profits)Taking a very risky Short trade here with some of the profit's I made.
Price is coming into the 5 Min Key Level to retest after breaking it once.
Saw a little rejection so I'm just picking up a short with a very very tight Stop-Loss.
Entry Price: 152.22
SL: 152.80
TP1: 151.15
TP2: 150.23
TP3: 149.10
NOTE: This is mainly a gamble trade otherwise I normally don't trade like this. Trade with caution :)
Let me know what you guys think. I appreciate comments.
Good luck and Happy Trading!