Solana (SOL) formed bullish Gartley for upto 1047% huge moveHi dear friends, hope you are well and welcome to the new trade setup of Solana (SOL) coin.
On a monthly time frame chart, SOL has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Solanaanalysis
My Analysis On SOL/USDTMy analysis On SOL/USDT
- Rising Wedge
- An Ascending Triangle
First going toward $59 after achive this Pullback $51
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SOL/USDT Next Target $100 Solana's price amid the recent slash has dropped below the trend line largely and may take a longer time to recover. However, the price has already flipped from the bottom and currently looking out for a base to propel high
Currently, the price is trading above $50 and with a significant influx of volume may eventually bring back the price above the trend line which is close to $100, only if it surpasses $65 before the end of the week.
SOL bearish flag and EMAs#SOL/USDT
$SOL rejected from upper line of ascending channel which is the same with 50EMA and now struggle to break down from middle line that is the same with 20EMA.
🐻 breaking down from lower line of channel can drop price to $30, to complete bearish flag pattern.
🐮 holding the 20EMA and stay inside ascending channel can increase price to resistance zone between $47 and $80 which is the same with 200EMA.
SOL ab=cd#SOL/USDT
$SOL is above daily support that is the same with 0.786 fib level of weekly swing high.
🐮 if bulls success to hold this support that includes descending trend lines, we may see a big swing high that shape AB=CD pattern to $330.
🐻 break down from descending trend lines will drop price to weekly support around $41 and the bullish pattern will be invalid then.
SOLUSD Double bottom and growth at least + 80%?Almost two weeks ago, we did our previous idea for a couple SOLUSDT
Then at the price of $97 per SOL we wrote that the first tasty area of purchase in the area of $90. As of today, this trade is relevant, but you can make some adjustments in the part of additional purchase of positions and movement of stop orders.
Strong straits in the cryptocurrency market in recent days have made some changes in the charts of coins.
However, the structure of the pattern "Double Bottom", which was written about in the previous idea - is not violated and has the right to life.
If you are impressed by the Solana token, we suggest you take into account the following data to enter the tra de:
Enter the position in the area of $78-80
Stop below $75.4 (-4.5% of entry point)
Take profit in area $145 (+ 83% of entry point)
Profit/loss ratio 18/1
It is dangerous to keep the long position SOLUSD after confidently fixing the price below $75.4! After all, in this case, the structure of the pattern "Double Bottom" will be disrupted, and the cost of SOLUSDT will be able to fall by another -18-20% in the area of $60-61
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
$SOL Weekly Time Frame Bull Flag Potential Swing Long $1000?!?!Been doing a 10x Solana challenge on my Twitter recently, decided to look at Solana on the weekly and noticed this potential bull flag. My DCA levels are between the 0.5 - 0.786 fib levels. If confirmed, we could see a $900 - $1000 Solana.
#Solana Consolidates, #SOL Finds Support at $90Past Performance of #Solana
Despite the crypto-wide dump, Solana bulls are comparatively firm. As per the formation in the daily chart, SOL is within a tight trade range, posting small losses against the rampant USDT. Nonetheless, sellers remain in charge since the coin is within a bear breakout formation, retracing from April 2022 highs.
Solana Technical Analysis
Solana bears are in charge, forcing SOL 30 percent from April 2022 peaks. Technically, SOL is within a bear breakout formation following the losses of April 8. As SOLUSDT consolidates with caps at $100—flashing with the 20-day moving average--and $90 on the lower end, the downside is the path of least resistance. Traders may wait for a clear trend definition, either above $100 or below $90, before aligning position with the merging price trajectory. A close below this week's low may force liquidation to Q1 2022 lows of around $80. Conversely, a refreshing lift-off above $100 may attract buyers in a move that may see SOL expand to $110 and even $140 in the medium term.
What to Expect from #SOL?
Solana's ecosystem is active, which may prop SOL in the medium term. At present, sellers have the upper hand with resistance at $100.
Resistance level to watch out for: $100
Support level to watch out for: $90
Disclaimer: Opinions expressed are not investment advice. Do your research.
Its possible that Solana price is finding its way to the bottomToday we bring to your attention the global chart of the pair of SOLUSDT
As can be seen from the graph, for a long time the price of SOLUSD is not bad enough to moving the channels of dynamic fibolevels.
Also, looking at the global chart Solana token, we can assume that at the moment the figure "double bottom" is formed
Based on this assumption, we can offer you the following medium-term SOL trade to comply with the profit/loss ratio 5/1
Long entrance area $89-93
Stop below $77.70
Take profit around $157
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
#Solana Dumps 27% from April Peaks, #SOL Ceiling at $112
Past Performance of Solana
#Solana is bearish and within last week's trade range, reading from the formation in the daily chart. Even though SOL's prospects are bullish, sellers are in the driving seat, capping advances below $112. SOL is down 27 percent from April 2022 highs at spot rates, finding support at around $99.
Solana Technical Analysis
From volume analysis, #SOL is bearish, finding strong resistance at $112. Notably, SOL buyers didn't unwind the losses of April 11, swinging price action to favor sellers. As per the current setup, aggressive traders may unload on pullbacks below $112 in anticipation of more losses towards Q1 2022 lows of $80. On the contrary, any sharp spikes above the middle BB and $112 nullifies the downtrend, paving the way for optimistic Solana buyers aiming for $142 in a buy trend continuation pattern.
What to Expect from SOL?
The Solana mainnet beta is functional with vibrant dApps cutting across DeFi and NFTs. However, after the super rally of 2021, prices are cooling off. In the immediate term, SOL is bullish above $99.
Resistance level to watch out for: $112
Support level to watch out for: $99
Disclaimer: Opinions expressed are not investment advice. Do your research.
Going Long SOLAfter a bearish trend, we are now expecting the next bull run, the BTC is showing some bullish divergence and SOL also, and so other alt coins. I am now waiting for other confirmations before setting up a long position.
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Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable.
READ THIS NOTE!!
Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.