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Solana Fib Analysis, Ramping up!!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Solana has started to drop on September 10th and the market started to trade between the ranges of $110 to 170$ in the last month. and in the last couple of days, the coin value has started a Bullish movement where the price jumped from 137.17 to 162.31 today an 18% increase. It seems like the market is trading in a triangle pattern near the and now it's getting closer to the end of the pattern with early signs of a breakout happening soon. Possible Scenarios for the market : Scenario 1 : The market is currently trading between the 38.20% and 50% fib level at ($158.09) with good Bullish momentum, in case the market was able to reach the 50% ($165.38) level then it will give us a sign of a breakout that will lead the market to the 61.80% fib level ($177.64) where it might see strong resistance but in case it was able to breakout that level then we could be seeing a visit to the $200 range soon. Scenario 2 : The first sign of a Bearish breakout will be dropping below the 50 MA line which is located near the 23.60% fib level ($139.01), By reaching that zone the Bears will try to keep the pressure on the trend but might have trouble breaking out that level. in case they were able to breakout then we could be seeing a drop in value that will reach the $115.11 level. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The RSI is at 54.04 showing good strength in the market. 3) The STOCH is trading in the upper range with a positive crossover between %K (63.09) and %D (58.57) Daily Support & Resistance points : support Resistance 1) 153.130 1) 167.258 2) 146.183 2) 174.439 3) 139.002 3) 181.386 Weekly Support & Resistance points : support Resistance 1) 141.639 1) 169.256 2) 125.876 2) 181.110 3) 114.022 3) 196.873 Fundamental point of view : The Solana blockchain has reportedly stopped processing transactions. According to the latest data from blockchain explorers SolScan and Solana Beach, the last transaction on the Solana network happened on September 14th at 11:58 UTC, creating a three-hour gap in transactions at press time. Shortly after the issue with the transactions was first reported by users on Twitter, the Solana Foundation issued a statement acknowledging that the network was experiencing issues. The Foundation said that it has been aware of the issue and that engineers have been deployed to resolve it. And while some noted that Solana’s mainnet was still in its beta release and was bound to experience hiccups, they failed to assure the Solana community that the blockchain would be up and running soon. The Solana Foundation said that resource exhaustion in the network was what caused the denial of service on the blockchain. The foundation also noted that despite the fact engineers were working towards resolving the issue, network validators were preparing for a potential restart if deemed necessary. Developers have since released a patch in Solana v1.6.23 which is set to resolve some of the resource exhaustion issues. Georgios Konstantopoulos, the research partner at Paradigm, said that the issue was most likely caused by bots spamming the reverting transactions to exploit a bug that made them almost free. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
3
SOLUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
Solana Update 21/09/21: Potential Corrective Move back to $99Solana Update 21/09/21: Potential Corrective Move back to $99. See previous analysis below. Happy trading :) Just over six days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year. Within the last three days, Solana has gained over 49% in value, hitting our target at the 161.80% fibonacci level. From a quantitative, technical view It looks like Solana has topped. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target at the 161.80% fibonacci level @ $210 was met, the next target from here is at the 261.80% Fibonacci level (60% gain from current price level).
SShort
by CryptocurrencyMagnet
Solana (Sol) Update 09/09/21: Solana New ATH $210Just over six days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year. Within the last three days, Solana has gained over 49% in value, hitting our target at the 161.80% fibonacci level. From a quantitative, technical view It looks like Solana has topped. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target at the 161.80% fibonacci level @ $210 was met, the next target from here is at the 261.80% Fibonacci level (60% gain from current price level).
SLong
by CryptocurrencyMagnet
1
Solana Update 06/09/21: New ATH $154Solana is now at a New ATH $154. The Solana Moonshot is clearly leading DeFi Summer. Three days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year, It has grown over 10% since then. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Solana Update 03/09/21: Moonshot leading DeFi Summer, Solana is currently 5% from the $150 price target forecasted at the beginning of the year. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $118-144 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Please see previous analysis below. Happy Trading :) We could see a $150 Solano very very soon, only 24% away from the 461.80% fibonacci extension . $150 Solano would mean If Solana had a market cap of $43.0B, 1 SOL would be worth $150.00. Since the buy signal triggered on the 3rd August with the 13EMA crossing up above the 50 SMA , Solano has grown over 400% in the past month. We forecasted a $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :) Key Info on Solano: It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.
SLong
by CryptocurrencyMagnet
2