A fast trade on solIt is a bearish market .
A fast trade on sol usd on a bearish basis .
A strong and fast sell we done . we must put a stop that shown in the graph as it couldnt pentrate the resisitance shown in the graph .
If it was broken we should leave it away
Solanaanalysis
SOLANA: CREATING SUPPORTHey guys, Happy New Year to all. Here's a quick update on Solana in 12 hours timeframe.
Solana has created support at $9.13 and we can expect a bounce back toward $12. The RSI is already at the oversold zone and it is likely to move in the upward direction. Breaking down below the support trendline will invalidate the bounce back.
Have a great new year, guys.
SOL : Bounce soon...Solana has been trading at its support zone in the daily and weekly timeframe and is also following the ETH 2018 Fractal.
Currently expecting a bounce from here to the next macro resistance zone.
#Solana consolidates after dumping 65%, Resistance at $14.8Past Performance of Solana
There are glimpses of hope for Solana. However, SOL is bearish, and there needs to be a price action for this preview to change. As an illustration, the coin is down 65 percent from November highs at spot rates. Besides, despite gains across the board on December 8, SOL prices are within a bear-engulfing bar in the daily chart.
#Solana Technical Analysis
From the daily chart, Solana prices are under pressure. SOL stabilized on December 8, edging higher. However, the December 7 bearish engulfing bar defines the short term. Resistance is at $14.8, and bulls must break above the current consolidation for the uptrend to take shape. Ideally, if SOL edges above this week's highs, the coin could expand to correct the undervaluation of November 10. In that case, SOL bulls can target $18.1. Losses below $12.9 will invalidate this bearish preview.
What to Expect from #SOL?
Solana is plagued by their exposure to FTX and projects losing confidence in the network. The combination of these events could slow down SOL's uptrend.
Resistance level to watch out for: $14.8
Support level to watch out for: $12.9
Disclaimer: Opinions expressed are not investment advice. Do your research.
Solana descending triangle to 5 dollarBINANCE:SOLUSDTPERP
Next potential target and last station for Solana in this bear market
Pretty simple pattern. If we not break and hold with retest 17$ most likely we can see 5$ for Solana before next FED hike rate 14Dec. So drop according to size of descending triangle we can see around 7-10 Dec. Also with this drop we will close gap on Weekly candle 2021 =)
All targets and simple explanation on chart =)
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SOL price is in danger, read it if you have SOLANA 👇Today we will consider what prospects there may be for the SOL price
Yesterday, 11/14/22, Solana's website published an extensive update on how much Solana Foundation is tied to FTX/Alameda.
We will compress this information into a few paragraphs)
Solana Foundation owns 1mn cash or equivalent in FTX accounts, noting that this is less than 1% of their capital.
That is, we assume that the liquid capital of Solana Fondathion is +/- $100mn.
- 3.24 million FTX Trading LTD ordinary shares - the value is close to zero.
- 3.43 million FTT tokens - value at the time of writing +/- $7mn.
- 134.54 million SRM tokens from DEX Project Serum, which Samuel Banckman-Fried created on the basis of Solana in 2020. - value +/- $37mn
FTX and its cryptocurrency trading subsidiary Alameda Research (also co-founded by Bankman-Fried) have purchased more than 50.5 million SOL, which is currently valued at approximately $750 million. However, a significant portion of these SOLs is locked and have a monthly unlocking schedule that is scheduled until 2028.
Solana Labs, the company that represents the founders and major contributors to the Solana network, has also sold over 7.56 million SOL (worth about $112 million) to Alameda Research. All these tokens will be unlocked for trading in 2025.
Earlier, the CEO stated that Solana Labs was not affected by the FTX crash and has no assets on the exchange.
But the market is not fooled , and Japanese candlesticks show the mood of market participants rather than indicators. The price of SOLUSDT fell by -57% over the past week, while the price of BTC or ETH fell by -20%
Now the SOLUSD price has come to a very critical point.
If Solana finds additional capital, it will probably try to push the SOL price at least to $40-50. That is, the blue scenario can be considered very positive and unlikely, analyzing the current realities.
It is described above how closely SOLANA is related to FTX and its derivatives, so the price of SOL will react very strongly to any news related to FTX.
Below $13 there is no liquidity for SOL and a drop to $2-4 is likely - this is a very pessimistic forecast, but in the current realities it is quite likely.
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Soon will be a strong movement of SOLANA SOL price, but where ?The downtrend on the SOLUSDT price chart lasts exactly one year
The maximum in November 2021 was $260, and the minimum in June 2022 was $26. Painful 10-fold depreciation of SOL in just a year
For the last 4 months, the SOLUSD price has been in a long consolidation in the liquidity zone as in 2021. The exit from consolidation will be impulsive, strong and with a large %% value.
Fixing the SOLUSDT price above $31 will most likely give a good upward movement to $59 and $79
Fixing the price below $26-26.5 may provoke a depreciation of SOLANA by another -50%.
The culmination is coming soon - wait for it and jump on the side of the stronger ones.
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Solana SOL: Bad Days AheadHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana ( SOLUSD ).
The chart is self-explanatory. With the crypto market going through a correction, Solana may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume .
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Solana 2024 Mission- i am not really a pure fan of Solana because despites what they say " Solana is purely centralized by their own developers "
- that said they have liquidiy, nfts, some use cases, and well it's pretty fast and cheap fees ( when their blockchain works...)
- Everything is in chart.
- check older analysis here :
- Where will you be when SOL will take off ?
- Feel free to comment wisely and don't forget everything is purely speculative, so take it easy.
Happy Tr4Ding!
Solana Analyze (Short Term, Timeframe 15min,11/07/2022)!!!Solana was able to complete wave 4 on PRZ(Price Reversal Zone), while the wave was an extended wave.
I expect Solana will go down at least to the support line.
Solana Analyze Analyze ( SOLUSDT ) Timeframe 15min⏰.
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SOLANA and Mass Adoption drive the coinBINANCE:SOLUSDT
Solana make a partnership with Google Cloud and in next year we probably can see a digital EURO based on Solana blockchain
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets and explanation idea
➡️This is a global chart. Downtrend line broke and 22 August wee saw retest on D1
➡️Long time period in accumulation zone -0.27 zone by fib usually investments area
➡️In case if SOL capitulate by my opinion last stage for SOL is 19-17 yearly support zone
➡️Strong signal to buy on Direction indicator confirmed
➡️Not sure in middle term if Sol will break previews ATH so minimal target where you can take a profit is 160-168$ per Sol
➡️Mass Adoption for next bull run can push price higher for SOL but remember - the big investors bought this coin on pre sale at 0.20 cents!
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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* For more ideas please hit "Like" and "Follow"!
#Solana in a Breakout Despite SOL Cool Off, Support at $30Past Performance of Solana
Solana's performance has been exemplary over the weekend. From October bottoms to last week's peaks, SOL rose nearly 40 percent. However, notable gains were seen on the past three days when SOL broke above critical resistance levels in the past two months, breaking above $35 with decent trading volumes. At spot rates, SOL buyers are still in control despite today’s losses. Therefore, as long as prices are above $30, every low may be a loading opportunity for aggressive bulls.
#Solana Technical Analysis
Solana bulls are confident. Even though there is a cool-off, clear from the SOL daily chart, the uptrend is firm. Cementing this preview is the relatively low trading volumes accompanying sellers of November 6 and 7. Besides, prices are within the November 4 and 5 high volume bull bars. Therefore, in a bullish continuation formation, the coin could have more upsides. As such, aggressive traders can buy the dips, targeting September highs at around $40 in the short term as they expect SOL prices to recover after Sunday's losses. Further gains could see the coin soar to retest August 2022 highs at around $50. On the reverse side, losses below $30 would nullify this preview, swinging price action to favor sellers.
What to Expect from #SOL?
Overall, Solana is bottoming up after sharp losses in the last year. As it is, SOL buyers are resilient, and prices could begin floating higher in Q4 2022 in a welcomed recovery. Subsequently, astute traders may plan to ride the uptrend, expecting a retest of Q3 2022 highs.
Resistance level to watch out for: $40
Support level to watch out for: $30
Disclaimer: Opinions expressed are not investment advice. Do your research.
SOL BUY STOPHello, dear traders. how are you ? Today we have a setup to buy/long the SOLUSDT symbol.
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
#Solana Pulling Higher from September Lows, SOL Might Retest $38Past Performance of Solana
Solana losses have been profound and rapid, reading from the formation in the daily chart. As an illustration, SOL prices are down 88 percent from 2021 peaks and technically remain under pressure despite gains of October 25. At spot rates, the coin is up four percent and pulling away from 2022 lows, adding 18 percent in four months.
#Solana Technical Analysis
Higher highs relative to the lower BB point to a possible shifting momentum. However, trading volumes of the past four to five trading days have been low, meaning these upsides might not be with higher participation, an indicator of apprehensive traders. All the same, this can change, especially if there is a decisive break above the dynamic resistance line, the middle BB, confirming gains of the past three trading days. In that case, traders can load the dips above $27, last week's lows, targeting $38, or September 2022 highs.
What to Expect from #SOL?
SOL is riding the crypto revival, possibly impacting sentiment. As it is, the bullish engulfing bar of October 25 may be the foundation for a leg up toward September highs, an opportunity for aggressive traders.
Resistance level to watch out for: $38
Support level to watch out for: $27
Disclaimer: Opinions expressed are not investment advice. Do your research.
SOLUSDT ShortAccording to the higher timeframes (4H, 1D), the price has been forming a rising flag ever since price touched the 26.2 support zone back in June. The price is now at the lower trendline of the channel, and it has formed another rising flag within the lower timeframe (15min, 1H).
I am anticipating the price will break out of the smaller timeframe channel, retest it, then break out of the larger channel retest it then maybe continue with the bearish momentum. My target is 22.0, which is a major support zone of this coin. So, for the next few days/weeks, let us monitor the price, wait for it to break out, and retest the zones so as to place our trades.
Entry price @32.0, Stop Loss @37.0, Tp1 @27.0, and Tp2 @22.0.
Remember, only risk 1-2 % of your account.