Solana Still Above An Upside LineEASYMARKETS:SOLUSD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Solana
SOL (SOLANA) Technical Analysis and Trade IdeaThis video presents an in-depth examination of a technical analysis and trading strategy for SOL. Our evaluation indicates the possibility of a trading prospect. We conduct a detailed review of the prevailing price movements, examine the market's framework with precision, and take into account the market's forces. Given the positive circumstances, we pinpoint a prospective point of entry. Nevertheless, it is essential to emphasize the importance of applying strong risk management measures. It is important to remember that the content of this video is intended solely for educational purposes and should not be interpreted as investment advice.
Solana 🔻Attention, dear traders! 📈 Today, let's take a closer look at Solana's hourly chart to assess its short-term outlook! 💪
Recent price movements suggest that Solana is forming a descending channel. I made some adjustments to it after my last analysis👇
This indicates that the price recently rebounded from the upper resistance level and is now heading towards the support zone, located at approximately $169 $ 165 - $162. 🔻
One more my SOL/USD chart, take a look 👇
For those eager to expand their knowledge in trading, I've included a links below for further exploration.
Stay tuned for more updates! 📊 Thanks for tuning in! 💼
Best regards,
Kateryna 💙💛
Chinese Asset Managers Ready to Adopt Spot Bitcoin ETF
Bad news for investors hoping the Federal Reserve will cut interest rates aggressively: The CPI jumped 3.5% in March year-over-year, an increase from February's 3.2% YOY jump and above expectations of 3.4%. Bitcoin (BTC) initially dipped below $67,500 after the CPI release, before clawing back losses to end the day positive and appearing ready to retest the $70K level again.
BTC price see-saws as halving event approaches: BTC price action remains choppy as we approach the Bitcoin halving, which is estimated to take place April 20th. Some investors believe there is too much optimism priced into Bitcoin, and we could see a correction in the days before and after the halving.
Chinese asset managers ready to adopt spot BTC ETFs: Spot BTC ETFs are likely set to launch in Hong Kong later this month, with the first approvals potentially coming as early as next week. Among the applicants are some of China's largest asset managers. These will mark the first spot BTC ETFs in Asia.
DeFi crypto company says SEC is suing them: Uniswap Labs said in a blog post Wednesday that the SEC has notified them it will pursue legal action against the company. Uniswap is a DeFi platform that allows users to trade cryptocurrencies peer-to-peer without a centralized exchange.
TON Price Surges After Distribution Announcement: Toncoin (TON) broke into the top 10 cryptos by market cap this week for the first time after reaching a new all-time high above $7. The surge comes on the heels of a big announcement from the Ton Society, a group of engineers and developers dedicated to growing the TON network.
⏳ Topic of the Week: What happens after the Bitcoin halving?
👉 Read more here
SOLUSD Will it rebound on the 1day MA50 or lower?Solana / SOLUSD touched the 1day MA50 yesterday for the first time since February 24th.
That happens to be exactly on the long term dashed Channel Up.
If its holds the 1day MA50, buy and target 400.00.
If the 1day MA50 breaks, we expect a slightly lower bottom like on January 23rd.
On that occasion, buy when the 1day RSI hits its Support A Zone and target 330.00.
Previous chart:
Follow us, like the idea and leave a comment below!!
SOLUSDT:🟢Buy opportunity🟢By examining the Solana 2-hour chart we can figure out, this coin has the potential to rise.
As you can see, the price collected the liquidity below the old low and had a bullish reaction and respect to the bullish PD Arrays.
So, now we can expect the price respect to the FVG and go for buy-side liquidity.
What you should know: Solana is a blockchain platform that uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
FantomFtm usdt analysis
Time frame 15m
2 strategy maybe happen
First blue arrow . Break the rectangle and go to target 1.1$
Second. Yellow arrow. Play in up and down in rectangle, break it . Come back to green up trend line and go to first target 1.1$ then 1.3$
Cryptocurrency Q2 Technical Forecast: Bitcoin, Ethereum, Solana.BINANCE:BTCUSD , CRYPTO:ETHUSD , AND CRYPTO:SOLUSD TECHNICAL ANALYSIS
The outlook for Bitcoin and Ethereum is positive, but volatility is expected in the coming months. BTC/USD reached a high in mid-March before retracing back to its previous all-time high. Bitcoin appears poised to rise in the coming weeks, with the current spot price above all three moving averages (except for the 20-day sma), and the CCI indicator showing oversold conditions. The Average True Range (ATR) indicator reflects high levels of volatility. While Bitcoin is expected to move higher, sharp downturns can be anticipated along the way.
From now until Halving day, you should limit shorting BTC, not knowing how crazy BTC will push to pull in liquidity from the Fomo crowd.
The Q2 outlook for Ethereum looks positive, with a similar daily chart to Bitcoin. While Bitcoin reached a new all-time high this year, Ethereum is still below its November 2021 ATH at $4,860. The recent triple-top at just under $4,100 is the next target, and if broken, $4,400 and the November 2021 ATH will come into play. Ethereum is currently oversold according to the CCI indicator, and volatility is high. A fresh all-time high may be challenging in Q2, but a pushback above $4k seems likely for Ethereum.
Solana traders have experienced a volatile journey recently, as the L1 coin surged from the mid-teens in September 2023 to a high of $210. The increased activity on the Solana network, fueled by market enthusiasm for meme coins, has caused the Solana share price to increase nearly tenfold in six months. Interest in Solana remains strong, indicating that the recent $210 high may be surpassed in the coming weeks. However, reaching the all-time high of around $260 may be more challenging, although bullish traders highlight that Solana is currently above all three simple moving averages.
Long Shadow TokenTraders,
Until BTC gives us something more definitive, I'll be cautious on the long side. Conviction from the market may not occur until after the having, but, as always, we'll be watching the charts for a head start. That being said, there are a few altcoins that I believe are especially attractive right now. One such token is SHDW, a L2 Solana-based token. Recently, Coinbase announce this token listing on the roadmap. This gave SHDW a boost from 1.40 all the way up to 2.90. I am also a long-term hodl'er on this little gem and sold some of my hodl'ings up around 2.60 or so for I beautiful gain. I have since re-entered and along with that re-entry, think it's worth adding to our trade portfolio. Soon (though the date is unknown) it will be listed on Coinbase as well as other major exchanges. And when that happens ...moonshot. TBH, my target of 2.90 is probably rather conservative because once this thing is listed, it will fly. However, true to good trading practices, I will be taking at least some profits at that double-top 2.90 area. I will probably then let the remainder ride, trailing my stops as we go.
To purchase this token, I have connected my wallet on the Jupiter exchange (jup.io). There are a number of wallets that can be utilized but both Metamask and Phantom are also accepted.
Entry - 1.83
Targets - 2.00 and 2.90
SL - 1.29
RRR - 2
Best,
Stew
#BITCOIN SUPER BULLISH BREAKOUT CONFIRMED #BITCOIN SUPER BULLISH BREAKOUT CONFIRMED
1⃣ CRYPTOCAP:BTC Broken Symmetrical Triangle Resistance
2⃣ Bullish Target as per Pattern Would be $95000
3⃣ Bearish Scenario only If #BTC Breakdown FWB:65K Level
4⃣ Breakout = $70800 & Retest $69800 = Pending
5⃣ This Bull run of Bitcoin will be Huge
RT/Like if you Agree with my setup
Sol not on the horizon.Solana is going to suffer one of the heaviest of corrections as the crypto market suffers a steep decline due to different reasons that i won't expand in here.
This is a short term trade, as i still think the crypto overall could continue going higher after such correction is completed.
SOL's $185 StandoffSOL is currently trading at $185, showing some volatility within the established range. The 4-hour chart illustrates a pattern where SOL is sandwiched between dynamic resistance and support levels, indicating an ongoing tussle for direction. Despite the recent 3.32% drop, the price remains within the trading channel defined by these bounds.
The upper Bollinger Band, sitting at $206.19, has proven to be a tough area for bulls to break, aligning with the dynamic resistance that has capped upward movements. Conversely, the lower Bollinger Band at $177.78 coincides with the static support level, suggesting a potential cushion against a further decline.
The trading volume of 92.758K SOL doesn't point to a dramatic shift in market sentiment yet, but it's a figure to watch for any emerging trends. The Simple Moving Average (SMA) at 185.47 is currently in sync with the price, offering a neutral signal.
The MACD indicator shows that bearish momentum might be building, with the MACD line below the signal line and a negative histogram. However, the Stochastic Oscillator (%K at 34.79) isn't in the oversold territory, implying there isn't an immediate turnaround signal from this indicator.
The Relative Strength Index (RSI) sits at a middling 45.44, leaning neither towards overbought nor oversold conditions. This, along with the RSI-based Moving Average, suggests that while there may be short-term bearish pressure, the mid-term trend hasn't turned decisively negative.
Taken together, these indicators paint a picture of Solana experiencing a period of consolidation with potential to swing in either direction. Traders will likely be watching for a breakout beyond the dynamic resistance or a breakdown below support for a clearer sense of direction. The interplay between these technical indicators and evolving market narratives will shape Solana's path in the coming days.