Always expect a pull back to the scene of the crime. Solana is about to hit the first targets, I expect a slight pull back to the "scene of the crime" (yellow line) or lower to find some support/liquidity for the next move.
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
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.
#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.
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
sell on orderblock📊Analysis by AhmadArz:
🔍Entry: 98
🛑Stop Loss: 100.58
🎯Take Profit: 95.92 - 92.91 - 89.75
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🚧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.
Interesting Pattern on Solana!....What do you think?Solana has broken down out of a rising channel only to create a new channel.
Volume falling for 2 days.
What's next?
BINANCE:SOLUSDT COINBASE:SOLUSD
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.
SOLANA SOL COIN ANALYSIS AND NEXT POSSIBLE MOVES!!CRYPTOCAP:SOL Coin Update !!
• Support levels near me= (81$$-79$)-75$-67$-54$
• Possible scenerio in my mind🧠... Till Solana Coin Price Trade above 79$-81$ we are able to expect in next 2-5 days solana coin price touch 90$-95$-100$+.
• Otherwise price drop downword on there support levels that i mentioned above🙂.
FOLLOW ME FOR MORE FREE UPDATES !!
#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
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.
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!! ;)
SOL SOLANA Trade IdeaSOLANA has experienced recent downward pressure but is presently trading within a crucial support zone, as illustrated on the chart. In the event that the Dollar Index (DXY) sustains and strengthens its position, SOLANA might potentially move towards additional downside targets, given the typical inverse correlation between DXY and SOL. It is important to underscore that this analysis is offered solely for educational purposes and should not be interpreted as financial advice.
#SOLIn time H4, after a zigzag correction, it is placed in a density that can have a retest to the previous supply area. Therefore, if it can break the range of 100 dollars, it can grow up to the specified supply area. Otherwise, I envision a break from the bottom to the $81 area.
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same.
What do we see? (follow the steps)
1) The high that set the downtrend.
2) Price wicking in the daily FVG that will serve as our base ('support').
3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too.
4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure).
5) The expected dump where BTC does too.
Hopefully you enjoyed this short analysis and I wish you a lovely day!
Happy trading!! ;)
Solana still need to crash more to gain momentum solona still show price strength and i expect more correction to the range between 70 to 75 ,
anyway solana is still show strong strength and strong momentum
SOL Critical momentSolana is ranging on the trendline, actually it failed to break above the red box that is a strong resistance. We have two possibility here, break above the red box and pump, or range below the trendline and drop to local bottom
Solana- Ready for a new leg up to 200In my earlier analysis of Solana, I mentioned that the 130-140 zone was expected to present significant resistance, and there was a high likelihood of a correction toward the 80 zone. True to that projection, SoldUsdt precisely corrected within the specified range and, on three occasions since the beginning of the year, experienced a reversal from that zone.
Currently, the coin has retraced to the 100 zone and appears poised to resume its upward movement. Sustaining stability above 100 would place bulls back in complete control, signaling a potential commencement of a new upward trend. While the 125-135 zone might pose some resistance, I believe it would merely serve as a temporary obstacle. Once this zone is surpassed, the path seems clear for an ascent toward the 200 zone.
However, it's important to note that a drop below 80 would interrupt this scenario and necessitate a reevaluation of the market outlook.
SOL/USDT 4H bearish pennant, confirmation below 85SOLANA is forming bear pennant pattern, Take short position below 85.
if market changes its mood then take long above 111.
patiently wait & watch.
Solana Mobile's Second Crypto Smartphone: A Game-ChangerSolana Mobile is set to make waves once again with the upcoming launch of its second crypto-ready smartphone. Building on the unexpected success of its predecessor, Saga, the new device promises to retain the essential features that made Saga a hit among crypto enthusiasts while introducing new hardware and a more affordable price point.
The Saga Phenomenon:
Saga, Solana Mobile's first foray into the crypto-ready smartphone market, faced initial challenges with struggling sales and a $1000 launch price. However, the tides turned when crypto traders discovered the device's hidden gem—a generous allocation of $BONK tokens that more than covered the phone's cost. In a matter of weeks, Saga phones sold out, creating a red-hot secondary market with prices skyrocketing to five times the original cost.
The Airdrop Bonanza:
What set Saga apart was not just its hardware but the ongoing benefits for its users. Airdrops from various projects delivered lucrative tokens and NFTs to the 15,000 Saga phones in circulation. This unexpected windfall not only bolstered the Saga community but also prompted Solana developers to explore mobile application development, showcasing the device's potential to influence the broader Solana ecosystem.
The Successor: What to Expect
Solana Mobile's decision to launch a second smartphone is a strategic move to capitalize on Saga's success. The upcoming device will retain the core features that made Saga popular—a built-in crypto wallet, custom Android software, and a dedicated "dApp store" for crypto applications. However, the company aims to address the challenges faced by Saga by introducing new hardware and offering the device at a more accessible price point.
The Impact on the Secondary Market:
With the announcement of a new and improved Solana Mobile device, the secondary market for Saga smartphones is likely to witness significant shifts. The anticipation surrounding the successor may influence current Saga owners to upgrade, creating a fluid market dynamic. The lower price point also hints at a more inclusive approach, potentially expanding the user base beyond the initial niche of crypto traders and NFT collectors.
The Future of Solana Mobile:
As Solana Mobile prepares to unveil its second crypto-ready smartphone, the crypto community eagerly awaits more details on the device's specifications, features, and potential partnerships. The success of Saga demonstrated the demand for crypto-integrated mobile solutions, and the upcoming release could mark a turning point in the adoption of blockchain technology in the mobile space.
Unibot on Solana Exceeds Expectations
The Unibot, a Telegram-based cryptocurrency trading bot that has recently made its debut on Solana, is outperforming with a trading volume that, as of now, nearly triples that of its Ethereum counterpart, demonstrating $2.5 million against $900,000.
Conclusion:
Solana Mobile's journey from initial struggles to the unexpected success of Saga showcases the resilience and adaptability of the crypto market. With the impending launch of its second smartphone, Solana Mobile aims to solidify its position as a key player in the crypto-ready mobile market, promising users an enhanced experience at a more accessible price. As the crypto community eagerly watches for updates, the future of Solana Mobile appears poised for continued innovation and influence in the ever-evolving blockchain landscape.
SOLUSDT Long BiasBINANCE:SOLUSDT.P
1D TF in uptrend, pulled back and took 4h liquidity then market shifted to the upside quiet nicely.
SOLUSDT is Bullish now| BUY opportunity !Hello Traders, here is the full analysis.
SOL can very easily see some strong growth from this point. GOOD LUCK! Great BUY opportunity SOLUSDT. I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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