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SOLUSDT | The Growth OpportunitiesHello, guys! Let's take a look a Solana (SOL). Solana is a fast, secure and censorship resistant blockchain providing the open infrastructure required for global adoption. It's a system which allows to make transactions. FUNDAMENTAL ANALYSIS Let's take a look at advantages. 1. Solana has really cheap transactions. Much more cheaper than Ethereum or Cardano 2. It is completely decentralized, while, for example, BNB is centralized. 3. Solana is censorship resistant. 4. This project is not on the huge hype yet. TECHNICAL ANALYSIS When the price reached the $18 it began to move in the downward direction. It have almost formed the symmetrical. As you already know it is on the uptrend this is the bullish sign. Now the price is trying to break down the triangle's lower band. If it is happen the $11.64 (0.38 Fib) level acts as the next support. Here are two possible scenarios: 1. Green. The price bounce off the 0.5 Fib level (12.84) and break the triangles upper line. After that it should find support above the 0.61 Fib ($14.04) and continue move to the upside. 2.White. The price will break the triangle to the downside and find support at 0.38 Fib ($11.64) before the bullish rally continuation. Also let's take a look at SOLBTC analysis. We can see that the price have already formed the massive cup and handle pattern. The target of this cap and handle is high. Now the monthly CPR acts as a magnet for the SOLBTC. It is high probability that the price touch it before the massive growth to the R1 pivot level. As a result, in case of bullish rally continuation for the Bitcoin, the Solana can moon. Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Long
by Skyrexio
3
💡Don't miss the great buy opportunity in SOLBTC @SolanaTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.00021). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . SOLBTC is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 0.00033 TP2= @ 0.00037 TP3= @ 0.00042 TP4= @ 0.00050 TP5= @ 0.00060 TP6= @ 0.00070 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
Solana RoadsSolana is a great ecosystem project that can be compared to Polkadot, but for now it's faster to send SOL and it have less supplies, this timeline analyse is very preservative, TA have to be combined sometimes with FA to adapt trends. i know this graph could be a bit complicated for some peoples but it's just a fibo channel + fibo Timeline, combined with impulsive wave pattern, everything is mostly in the graph. This analyse is for medium term and like i said the Timeline could be fucked if SOL enter raging mode, but we all know how fast can be CryptoWorld! Target 1 : 15$ Target 2 : 25$ Target 3 : 35$ Keep an eye on BTC, Stay S4fe and invest wisely! Happy Tr4Ding !
FTX:SOLUSDLong
by thecryer
14
SOL/BTC Bullish cross There is a bullish cross in 20 days moving average and 50 days moving average. In addition to its fundamental strength, its technical chart and overall market condition are available for Solana to start its big move. Current price =0.000106 Fib 1.0 =0.000423 Fib 1.618 =0.000656 Fib 2.618 = 0.001030 Tips for new traders : -Always take profit on the way up , price will definitely not increase forever. -Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology. -Make plans for every possibilities, it is not 100% accurate that what we think will happen. -Don’t try to catch up the exact deep or exact peak. -Don’t buy everything you found in the market. -Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe). -Remember, market cycle works with human psychology and everybody’s psychologies are similar.
Long
by CanerBly
Longing SOL from ATL's following last big distributionThe Solana blockchain is extremely fast, cheap and is backed by Alameda Research. There are currently 102 projects building on their blockchain. Today there was a (well-known), large distribution of tokens that effectively 5x'd the circulating supply. Many of these however, will be locked or otherwise held by the team and against what many expected, this event was met by a flurry of buying. We know there are at least 4 funds lining up to buy size on the OTC markets. Both the USDT and BTC pairs made new local highs in buy volume today. It looks as though there is a large bet being made that the SOL token will outperform Bitcoin in the coming weeks and months. We're inclined to side with the smart money here and take our chances against the All-time lows. Bullish market structure confirmed last week and price has now dipped into the RLZ where it met a great deal of buying interest. We're taking up a position at this level, with more bids at lows. If price can regain the key S/R level resting above, there is a lot of room to go even within the realm of a counter trend rally. Selling half our position at double our entry price would give us a risk-free position to ride out the cycle with.
Long
by HxroLabs
1
Solana can Bring Good Profits in Coming DaysSolana is one of the good projects in Crypto. and this pair could be huge in next few days. For now we are seeing and falling wedge forming in SOL BTC Pair and also there is an bullish divergence too on daily timeframe. here's the complete trade Entry - 0.0001085 BTC TP1 - 0.0001244 BTC TP2 - 0.0001390 BTC TP3 - 0.0001598 BTC TP4 - 0.0001750 BTC TP5 - 0.0001888 BTC TP5 - 0.0002020 BTC SL - 0.0000887 BTC Always secure partial profits with every move. DYOR before taking this trade, I would like to hear your ideas on this trade in comments below
Long
by danishahmed
SOL / BTC 4HF Techincal analysisSOL / BTC 🌟 4H frame technical analysis 🌟 Form flag pattern EMA 100 act as support EMA 200 act as resistance If ema 100 hold then we are going to restest ema 200 again We can also see below in RSI potential hidden bullish div start in formation Safest area to enter is after break local resistance and also break above 200 EMA If that happens we can expect a nice jump in SOL Good luck and happy trading 🌹 Support us by like and subscribe Show your opinion below
by Babenski
3
Solana - Huge giveaway, Cybertrack, and Dex with FTX Despite the scary wicks, highlighted on the chart, I still believe that SOLUSDT doesn't topped yet. Why? The overall environment is looking good. FTX is launching a decentralized crypto exchange built on the Solana blockchain soon, besides, The Solana Foundation will conduct airdrop with a chance to win a Tesla Cybertruck (rules on their website or in my TG channel). Outlined a couple of trading ideas on the chart. Disclosure: Currently I long Solana. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
BINANCE:SOLUSDLong
by Bitduke