$SOL Cup and HandleSimilar to Bitcoin, Solana is in a giant cup and handle pattern on the weekly. If it breaks out successfully and is able to break above $200, we can see Solana hot $360 in due time, as this is the target for this pattern.
Solana
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!
SOLUSD: Ready to breakout parabolically.Solana just turned bullish on its 1D timeframe (RSI = 58.732, MACD = 1.506, ADX = 22.317) but remains neutral on the 1W (RSI = 51.934, MACD = 6.162, ADX = 25.249) which underlines its undervalued nature. Since the August low, the price has held the 1W MA50, cementing it as Support and appears to be ready for a breakout. This breakout can be a parabolic one, same as the one that emerged on December 21 2020. This was the bullish wave of SOL's historic Channel Up pattern and it came when the 1W RSI rebounded on the pressure zone. This is exactly where the price sits today. Even though that would catapult its market cap and high adoption is needed behind it (along with other fundamental catalysts), technically if those conditions emerge, we can see Solana making a new HH on its Channel Up, TP = 5,000.
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SOLANA - Double Top or ready to breakout?Solana, the coin that has performed best against Bitcoin so far, is at a critical level, right now I do the same reasoning as I did on BTC, I observe only for the simple reason that you don't buy under the major resistance, you wait for the Breakout + retest or you wait for a nice support, in this case the long-term reversal points are clear and the first important support I see is very Lower than where the price is now, it's time to use the best of a trader's virtues which is patience
Wen it's your turn to rallyThis cat has been asleep for too long...
The plan is simple.
Other cat coins like POPCAT and MEW are already pumping towards new highs, WEN should join them soon, it's only a matter of time until those trendlines get broken.
I expect a big surge after breaking this aggressive downtrend it's been in since April.
New ATH around that 618 seems achievable in the following months and would be a good profit target.
SOLANA - On the VERGE of CRITICAL TerritoryIt has been trading lower and lower and is now approaching the most important level in this region: $122.
It's hard to predict what will happen once it reaches that level. Both bulls and bears have a strong case to try and take control of that area.
As for me, I will remain neutral in this area unless:
There is a clear retest of $122 followed by a reclaim of the EQLs at $134.
There is a deviation below $122 with a strong reclaim.
Alternatively:
I might consider taking a significant short position below $122.
This level is crucial for bulls if the price is to continue moving higher. September is becoming increasingly interesting.
SOLANA is preparing for mega bullSOL is preparing for mega bullish moves, after completing the down trend we will watching a bull trend, after breaking parallel channel we will get ~%50 rang of the channel size without any risk.
What's next for Solana (SOL)? Key metrics show warning signsSolana (SOL) bulls have managed to maintain their advantage in the market over the last week. Thanks to that, the token has been approaching a crucial level. A breakout above that could push the token’s price further up in the coming days or weeks.
Meanwhile, Ali, a popular crypto analyst, posted a tweet highlighting the fact that SOL was approaching a crucial resistance.
As per the tweet, it was important for Solana to go above the $154 resistance because a rejection at that marl could push the token down. To be precise, a failed test could push Solana down to $85 again, which might be disastrous for several investors.
By contrast, look at Coinglass’ data also revealed that Solana’s long/short ratio dropped – typically a bearish sign.
Solana daily chart's analysis revealed that the Chaikin Money Flow (CMF) registered a downtick. This hinted at a price correction. However, the MACD was bullish as it displayed a buyers’ advantage in the market.
As per Hyblock’s data, if the downturn continues, then SOL has a strong support at $144. From there, the token can make a rebound. If that happens, then SOL might touch $150 before it eyes at $1564.
There is currently a MASSIVE Cup & Handle in SOLANA!!SOLANA (SOL) has been building a massive cup-and-handle formation on the weekly chart that has taken 3 years and 8 months to achieve. If SOL breaks out of this pattern to the upside, the gains could be unbelievable!
Good luck, and always use a stop-loss!
SOL Short Scalp TradeBelow is the short Scalp Trade for SOL. Looks like it is rejecting the 1 Hour Key Level and also the 15 minute Key Level.
Entry: 144.41
Target: Moving Target (143.89, 142.86. 141.74, 139.81)
SL: 145.65 (Above 1HR Key Level)
Happy Trading!
Can Solana (SOL) top $200 in October?With Bitcoin touching the GETTEX:64K today, the altcoins are witnessing a massive demand boost. Amid the bull market, Solana releases major development announcements at Token2049, fueling the SOL price rally.
In the daily chart, the Solana price action reveals a new bull cycle gaining momentum. Over the last three days, the Sol price has increased by 14.50%, creating three consecutive bullish candles.
As Solana hits the $150 psychological mark, it trades with an intraday gain of 5.47%. The overall bull run in the last two weeks has witnessed a price surge of 20.52%, taking support from the crucial level of $125.
With the rounding reversal, the SOL price approaches the neckline near the $160-$163 supply zone. Hence, the tectonic shift in Solana supports the bullish rally and teases an uptrend continuation.
SOLUSDT – Potential ABC Correction into ResistanceIn this analysis, we’re tracking an Elliott Wave structure on Solana’s daily chart.
Here’s what we’re seeing:
Resistance Zone ($150-$160): This zone has been tested multiple times and remains a critical level to break for further bullish continuation. A break above this area could lead to a much stronger move towards $170+ levels.
Elliott Wave Count:
We have just completed a 5-wave impulse down, marking a significant local bottom around $129-$130.
Now, we’re possibly in the midst of an ABC corrective wave:
(A): First push upwards off the $129-$130 zone.
(B): Expected pullback after testing the resistance.
(C): Potential rally back to $150-$160 resistance to complete the ABC structure.
Support Trendline: The ascending yellow trendline connects key lows and is guiding the price upward. This line will act as dynamic support, and any break below it could invalidate the bullish scenario.
Key Levels:
Watch the resistance zone at $150-$160 closely; breaking this with strong volume would confirm a bullish breakout.
Failure to break above could push SOL back to retest support around $130-$135.
Conclusion: SOL is entering a critical phase. The ABC correction points to a potential test of the resistance zone at $150-$160, but traders should be cautious of rejection here. If the bullish scenario plays out, we could see a move toward $170+. However, invalidation below the ascending support trendline could lead to more downside.
