Solanaanalysis
SOL will shine soon!!!I see some bullish signals in Solana daily chart and during next days i expect a bullish rally from solana.
Our targets:
161.25
166.2
Stop loss:
129.8
Have a nice day,
Berk
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/USD (SOLANA) LONG & SHORT SET UPSupport: $141.25/ $134.00/ $128.75/ $118.50/ $98.00
Resistance: $150.80/ $168.45/ $178.00/ $186.25/ $198.00/ $186.25/$216.00/ $243.00/ $257.25/ $280.00/ $300.00
SOLANA LongHey traders, in today's trading session we are monitoring SOLUSDT for a buying opportunity around 136 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
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.
Solana: Finally Made It 👏 Solana has finally managed to touch upon the upper edge of the magenta-colored area between $129.9975 and $55.6400. Although it has shied away from entering it so far, we still expect the price to go lower and reach our provisional yellow trading-zone within the magenta area. There, wave in red should end and offer an attractive entry opportunity. Afterwards, we look forward to Solana taking off again and aiming for the resistance at $259.
However, if it decides not to linger below the $178 mark, there is a 25% chance that Solana could go for $259 earlier already.
SOL is currently in a pullback, Where can I take short position?Overall SOL is in a downtrend, A pullback up to 179$ is expected but be aware this is just a pullback and the whole trend is still bearish.
The best area to take a short position or sell SOL is near the RED area.
Good luck
solana breaking above the 200-day Exponential moving average
Solana is now breaking above its 200 day Exponential moving average.
The MACD is making higher lows. We can see bullish divergence here.
Solana down to $120 as i described earlierAs discussed earlier, the price is moving down and now sitting on our first support zone. As this zone was previously hit, it is more likely for it to break so I would be very cautious about buys from where we currently are. Looking at moving into the 200MA and 320 EMA along with the demand zone.
For those who missed the opportunity in Solana For those who missed the opportunity in Solana. Waiting for the golden area at ( 115$ / 140$ )
Good Luck.
Solana down into the $120 mark?From what we can see Sol has been trending bearish within a channel. The higher marked zone as acted as a very strong support once, however if we come back to it for a second time, it may not be as strong and be more likely to break. The lower zone we have marked which lines up with that $120 region, also has the 200MA and 320 EMA, which if we look back, have always acted as strong supports with the trending price. That can be a strong demand area for buyers.
Solana beginning of the year predictionSolana has a Sell signal for the beginning of 2022.
I look for a return to $130 area by the end of January!
Happy New Year!
SOL inside rising wedge#SOL/USDT
$SOL is trading inside rising wedge that is a reversal pattern and if price break the lower line of this pattern it can drop to parallel trend lines with upper line of wedge around support zone between $173 and $167.
but if #SOLANA price break the upper line, it will increase toward parallel trend line with lower line of wedge around $210 and $220.
SOLANA CORRECTION INCOMING?Solana looks to be heading towards the monthly open level at 208 which is a golden pocket retracement from the previous swing high on the daily.
Green horizontal lines : Monthly levels
Blue Horizontal lines: Weekly levels
twitter: @divitastrading
Solana Rising Wedge Breakout, Dec 26Solana pattern broke from bottom after it reached ATH target (4.236 Fib)
This is how I imagine Solana path
This scenario is valid till price is under the red trend line. Even it's possible that sol reach near ATH again and then go down
Anyway, I expect the wave 5th of Solana
SOL Solana: 1D Chart ReviewHello friends, today you can review the technical analysis on a 1D linear scale chart for Solana (SOLUSD), a cryptocurrency.
Quick Analysis:
1) The price of Solana is currently in a Descending Parallel Channel which has been respected for over a month.
2) The price failed the re-test of an important support line when the price was going up, however that line will potentially be resistance going forward.
3) The price entered back into a consolidation channel which it was in for over a month in September-October 2021.
4) If the price continues to fall, keep an eye on the danger line as it would be one of the last areas of support.
5) RSI (relative strength index) is hovering around the oversold region.
6) Stochastic RSI (Stoch RSI) is in the oversold region.
7) The Volume is low compared to the recent Volume each day.
What are your opinions on this?
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
SOLANAAbout #SOLANA, there is a mini trend now. The price may drop until the next support level (in a 4h graphs).
Solana: No Chance!🤗🤗🤗An alternative surge past $259, before we fall into the colored zone, has a probability of only 25%. We primarily expect the course to drop to around $99.31 and start new bullish movements from there.
Happy Weekend!
Solana has hit a key support and may move higherAs explained on the chart, price has hit a key support zone and bounced which may now indicate a push higher may be coming
Solana can drop to 140Solana has recovered nicely after Monday's sell of and local low at 147. However, the price is under very important resistance from 180, old support that kept the price elevated since October.
I expect a new leg down from this coin and 140 could be the target and only a break back above resistance would change my opinion
