Solanaanalysis
Solana (SOL) to $310 in Q3-2023Hello everyone,
I've been studying the market for a long time, about 15 years now. Cryptocurrencies have been in my portfolio since 2015.
In my time of analysis I've noticed multiple trends in long term, they seem to be reoccurring through all cryptocurrency. They're either different styles of bear/bull wedges or flags .
Lately I've been thinking about the possibility of another bull wedge or bull flag in the long term, the shape is merely beginning, hence the possibility of this idea.
The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge , that is if we break through the current bear pattern.
I've calculated that we by Q3-Q4 of 2023 we'll see a new ATH of Solana, around $310 .
As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness.
We're still in the phase of resistance , the very first step into the journey of acceptance . Google it, it's worth a read and applies to many new concepts like crypto.
Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking.
Banks and governments will ultimately have to bend and shape into the new way of digital economy, you see this happening everywhere.
Let me know what you think, thanks for reading.
~ Murkemur
SOLANA (SOL) | Let's Try To Use Psychological Break!Hi,
Not much a criterion or something but the odds should be in our favor. A full Daily close above the round number/above the psychological number $100.
The break occurred with a kind of low volume so, do not go all-in :)
Considering current situations then the major target is TP1 and the invalidation area is marked with red - Daily candle close inside or below the marked zone will gut the trade.
Do your own analysis and trade cautiously.
Regards,
Vaido
SOL Solana: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana (SOLUSD).
The chart is self-explanatory. The price is in a Descending Channel and very close to the multi-month Support Line. There was a recent Death Cross (50/200 SMA cross) on the 1D Chart, which is bearish. The RSI and MFI are moving upwards on the support line. Volume is decreasing. Keep a close eye on the RSI and MFI support and resistance line. If price moves up, there may be resistances of the EMA Ribbons and Ichimoku Cloud.
Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, Volume, RSI, MFI (Money Flow Index), Descending Channel, EMA Ribbons, and 50 and 200 Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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
SOLUSD Solano - 24 full chart pattern -i tried the Publish video idea and recorded the whole process but i must have done something wrong. I saw someone yesterday who had used it successfully so i will try again. This is the chart i created for that video. Im going to zoom in and try the video again at smaller levels. Im interested in buying more of this coin. I am just curious about its sustainability. The internet seems mixed. Any ideas out there please join in. Yes i chart weird. I am an artist, this is a process i sed to examine closely the details and patterns emerging. Right now i am marking the anticipation of the FED, I want to see what pattern they create, if they are smart they are making money on their own waves. But that remains to be seen, technically their current solution is spend more and devalue the dollar with inflation . Archaic systems are not changing properly, the correction may need to be physical shifts.
SOL inside parallel channel#SOL/USD
$SOL is trading inside ascending parallel channel, and rejected from upper line of channel.
🐻 there is a support zone that is the same with middle line of parallel channel around $110, that price possible to head down to touch it.
🐻🐻 break down from middle line will drop price to lower line of channel around support of $100.
🐮 if price success to break out from upper line it will head up to touch resistance zone between $130 and $135.
Solana can rise to 130-135 resistanceAfter dropping from November's 260 high to 80 low at the end of January, Solana, like all crypto market, has started to recover and now is trading above 100 important figure.
I expect this rebound to continue and we can see SolUsd challenging 130-135 resistance.
I'm bullish as long as 100 holds and dips towards this zone should be bought in search of a good r:r.
A drop under 90 would negate this scenario
Solana Pay makes Solana move upwardsSignals:
Position: Long
Entry price: 103 range
Price Target: 150 range
Indicators:
Fractals: The fractals are showing a bullish trend, as the fractals are showing a red symbol.
Alligator: The alligator open downwards by the end of the 2021 and seen now in February has this alligator started to open upwards.
RSI: The RSI is showing pump upwards to the 40 level and is showing further steam in this cryptocurrency.
Analysis:
The analysis shows strong fundamentals for Solana and this is a cryptocurrency to keep an eye on as it also shows signs of keeping the uptrend in the technical analysis where the fractals are showing a bullish trend is about to start which is backed by the similar movements in the RSI and in the Alligator showing the downtrend stopping reaching its bottom and starting a new trend.
As we have seen in the cryptocurrency market has the market been consolidating and this new announcement from Solana in regards to Solana Pay.
No financial advice
SOL (SOLANA) PredictionG'day, guys.
Let's check about SOL crypto. Technically, SOL price stabilizing process is possible to price still dropping between 95 to 75 price for a longer period. Comparing between current BTC situations, clear indications of price stabilizing, profit-taking and buying are still on transactions.
We looking for the next regulatory release by FED and multiple government institutions toward the adoption of digital assets into the portfolio.
Let's see what gonna happen next.
SOL : the art of the pamp : expand your expectationsSOL : the art of the pamp : expand your expectations
putting this out there so when it happens i can say i told you so
also gonna sell all my sol nfts at like 700usd, become a jillionaire, retire to my super yacht with several buxom young lasses. here i will hone my dj skills.
remember what happened in 17 with xrp contesting eths 2nd position for like 48hrs... thats gonna happen very soon with sol. or ada. but i think sol.
THIS IS THE WAY
LFG you degens
SOLANA the last dance- this could be the last run for SOL in this bullmarket, i always liked to stay preservative in my predictions, but SOL was something...
- if you stayed with me from the start when Solana was a few bucks, you already made a bunch of money, so don't be greedy and trade wisely.
- now Solana went down and retraced for a long period of time, because after touching the moon, it takes long time to come back.
- i will link in comments my SOL most interesting older analysis, i recommend to check them all to understand older moves.
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Trading Plan
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Buy zone 1 : 170-160$
Buy zone 2 : 159-145$
TP1 : 295-325$ ( Security TP )
TP2 : 450-500$
SL : under 120$
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Stay Safe and always follow TheKing for safety!
Happy Tr4Ding !
Solana(SOLUSD) IN CORRECTION - SHORT TO $102 or $78 The five wave impulse wave is shown in the 5 wave series (blue wave)
The corrective wave correcting the whole 5 wave is in action with a ABC correction
-------- ABC correction can be the following -------------
1) Zig-Zag
2) Flats
3) Triangles
This looks like a zig-zag correction so the zig-zag correction is a 5-3-5 correction and I believe it might end in 2 points
One at 61.8% retracement - $102
second one at 70% retracement - $78
Let's see which ones makes a turnaround, appreciate the feedback
SOL is due for a correctionHello Everyone,
Solana doesn't look in a great place at the moment.
It has just completed a Head n Shoulder with target 70 dollars. This also agrees with the Elliott Wave counting.
I will wait for 70 unless I see signs of reversal earlier.
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Solana Price Forecast 2022Solana currently remains in a stable downward trend. It is being affected by the bearish dynamics of the current crypto market and there are also rumours of security problems. Recently, the ecosystem had a failure which was thought to be a DDOS attack, but the CEO clarified that this was a congestion issue. To break through the downtrend, SOL must break through the key resistance level near $170. This is a dynamic resistance line of the descending channel and a powerful price level. In the past this level has acted both as support and resistance. Price could test the support of the descending channel around $ 110 and it may rebound from there.
2022 looks to be a promising year for Solana development. Bank of America recently stated that Solana could become the 'visa of crypto' due to its scalability , low transaction fees and speed. It is currently the fifth largest crypto by market cap it has been referred to as an 'Ethereum killer' Although concerns remain about its reliability and level of centralisation.