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Solanaanalysis

Solana Bullish Until February 20thThis is the bullish scenario for Solana right now From here to 125.84 supply & extension on wave 1. that's gonna be wave 3. Either there or the 1.618 at 128.08 Afterwards we retrace back down to the top of wave 1 at 106.56 and from there make one last push up into this daily FVG at 146.16 $146.48 is also the bearish OB that broke structure causing the bear market and a major SFP February 20th major macro fib time would line up with the top of wave 5 See comments for additional confluences
Long
by DigiLex_LLC
2
Solana back to 80?In a recent post about BINANCE:SOLUSDT I said that 80 should provide strong support for the coin and a resumption of the up trend is possible after the test of support. Indeed, SolUsdt reversed from that zone and a rally started after. However, the coin seems incapable of holding gains above 100 and, considering I expect a deeper correction for the overall crypto market, Sol should not make an exception. In conclusion, I'm looking to sell rallies near 100 for this coin with a target at 80 support.
Short
by Mihai_Iacob
1
#SOL Waiting for confirmation downward trendIn time H4, as mentioned in the previous post, if it is not able to break the range of $100, it will correct to the range of $81. Therefore, at present, the important resistance barrier for the growth of the currency will shift to the range of $87.5. So, if it corrects upward, the range of the red box can be confirmed to continue the downward trend to the range of 72 to 68.75 and enter the sale transaction. In addition, if there is confirmation above the red box, the transaction will be reversed.
by alikze
63
SOL LOOKS BEARISHSolana really has a bear makeup. Now it has hit a supply, but it would have been better to reach the optimized range, then we could look for sell/short positions with much less risk. We do not expect the sol to rise and our view is a bearish one. We expect to have specified targets on the drop chart. Closing 1 daily candle above the optimized range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
6
🚧Solana(SOL) can Drop ➖15%🚧🏃‍♂️Solana is moving near the Support line right now. 🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame . 🌊The structure of correction waves is Triple Three Correction(WXYXZ) . 🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
31
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
#SOL Continuing the analysis of the previous postConsidering that this currency is the favorite of many enthusiasts, I decided to share the possible Elliott scenario with you so that you have a better view of investing in this currency. In the last part of the movement of this currency in time H4, a complete cycle has been completed, and this last correction is a double zigzag correction. Therefore, this corrective movement can be planned in the form of a three-wave or wave 4, which can at least move up to its minor ceiling. Its classic pattern type is also the flag view.. So if it does not enter the wave range of a specified range, it can at least retest the minor ceiling. pay attention: Penetration into the range of wave 1 or overlap analysis will be invalidated
Long
by alikze
18
Solana to 25USDShort Position Forecast for Solana: Analyzing MACD and Trend Reversal In the ever-evolving landscape of the cryptocurrency market, Solana (SOL) appears to be facing a potential shift in its trajectory. A comprehensive analysis, incorporating the Moving Average Convergence Divergence (MACD) indicator and recent trend developments, suggests that a short position might be prudent in the near future. The MACD, a powerful tool for gauging momentum and trend strength, is exhibiting signs that warrant careful attention. As of the latest data, the MACD line has crossed below the signal line, signaling a potential bearish reversal. This crossover often precedes a downturn in price and is considered by many traders as a crucial indicator of shifting market sentiment. Furthermore, observing recent trend patterns on Solana's price chart reveals a notable deviation from its established bullish trend. The market dynamics seem to be undergoing a subtle transformation, hinting at the possibility of a corrective move. This shift is underscored by key support levels being tested, adding credence to the notion that lower values may be on the horizon. Investors and traders alike should be vigilant in monitoring these developments, as a confluence of technical indicators suggests a heightened risk of a downward price movement. It is important to exercise caution and conduct thorough risk management when considering any trading decisions. In conclusion, the current conditions on the Solana market point towards a potential short position opportunity. However, it is imperative to approach such decisions with prudence and to stay abreast of any developments that may impact the market dynamics. As always, this analysis is speculative, and market conditions can change rapidly, necessitating a dynamic and adaptive approach to trading.
Short
by Bitcoinblockchainonline
SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis: What is on the chart? (follow the steps) 1) A daily FVG that serves as a support zone. 2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand). 3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'. 4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally. 5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC). 6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level. NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around. As always, enjoy the rest of your day and happy trading!! ;)
Short
by Lexi_Is_Trading